UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2015
Commission file number: 001-32635
BIRKS GROUP INC.
(Translation of Registrants name into English)
1240 Phillips Square
Montreal Québec
Canada
H3B 3H4
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
x Form 20-F ¨ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
CONTENTS
The following document of the Registrant is submitted herewith:
99.1 | Press release dated August 4, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BIRKS GROUP INC. | ||||||
(Registrant) | ||||||
By: | /s/ Miranda Melfi | |||||
Miranda Melfi | ||||||
Date: August 6, 2015 | Vice President, Legal Affairs and Corporate Secretary |
EXHIBIT INDEX
Exhibit |
Description | |
Exhibit 99.1 | Press release dated August 4, 2015 |
Exhibit 99.1
![]() |
![]() |
BIRKS GROUP AND RIDEAU ANNOUNCE STRATEGIC ALLIANCE:
RIDEAU ACQUIRES BIRKS CORPORATE SALES DIVISION AND THE TWO ENTER INTO SUPPLY AND LICENSING AGREEMENTS FOR BIRKS BUSINESS PRODUCTS
MONTREAL, QC, AUG. 4, 2015 - Birks Group Inc. (NYSE MKT LLC:BGI) and Rideau Recognition Solutions Inc. announce that they have executed a definitive asset purchase agreement whereby Birks Group sold its Corporate Sales Division, also known as Birks Business, to Rideau for CAD $5.625 million (or approximately USD $4.3 million). The Corporate Sales Division services business customers by providing them with unique items for recognition programs, service awards and business gifts.
Under the terms of the agreement, Rideau acquired the existing inventory of the Birks Corporate Sales Division and will continue the employment of the existing employees of the Corporate Sales Division. In addition, as part of the agreement, Birks will supply Rideau with Birks-branded jewelry and watches and Birks will receive ongoing royalty payments from Rideau related to the license of the Birks Business Brand and future sales of Birks-branded products.
The sale of our Corporate Sales Division is part of our long-term corporate strategy to focus our efforts and resources on our core objectives to develop and grow the Birks product and retail brands, said Jean-Christophe Bédos, President and Chief Executive Officer of Birks Group. By unlocking the value of our corporate sales operations through this agreement with Rideau, we will reinvest the funds to continue to strengthen our retail distribution with the goal of generating long-term brand and shareholder value. Rideaus team members are seasoned experts in the field of employee recognition and corporate gifting. We are pleased that our Corporate Sales Division employees are joining the Rideau team and are confident that Rideau, with the addition of this corporate sales team, will be a great partner in delivering the superior brand experience that Birks Business customers expect.
Theres great synergy in this partnership, said Peter W. Hart, Chief Executive Officer of Rideau. Were combining the power of the Birks Brand with the strength of Rideaus technology, distribution capabilities and leadership in the recognition market. Both companies are made stronger because of it. I speak on behalf of our employees when I say were honoured by this vote of confidence from this iconic Canadian company.
About Birks
Birks Group is a leading operator of luxury jewelry stores in the United States and Canada. As of July 31, 2015, the Company operated 28 stores under the Birks brand in most major metropolitan markets in Canada, 17 stores in Florida and Georgia under the Mayors brand, one store under the Rolex brand name and two retail locations in Calgary and Vancouver under the Brinkhaus brand. Birks was founded in 1879 and developed over the years into Canadas premier retailer, designer and manufacturer of fine jewelry, timepieces, sterling and plated silverware and gifts. Mayors was founded in 1910 and has maintained the intimacy of a family-owned boutique while becoming renowned for its fine jewelry, timepieces, giftware and service. Additional information can be found on Birks Group web site, www.birksgroup.com.
About Rideau Recognition Solutions
Rideau helps Global 2000 employers inspire greatness in their people through the power of recognition and rewards. Rideaus full suite of employee recognition and reward solutions are used to motivate and engage more than two million employees in more than 90 countries to adhere to their companys values, increase productivity, boost revenues, achieve reduced costs from lower absenteeism and turnover, and improve overall customer satisfaction. Rideau is a full service provider of tailor-made programs delivering everything from strategy, program design, advanced software, training, program management and analytics. Find out more at www.rideau.com.
- 30 -
CONTACTS:
BIRKS Press:
Eva Hartling
Vice President, Marketing & Communications
ehartling@birksgroup.com
(514) 397-2496
BIRKS - Financial Community:
Pat Di Lillo
Vice President, Chief Financial & Administrative Officer
pdilillo@birksgroup.com
(514) 397-2592
RIDEAU:
Marie-Emmanuelle Khoury
mekhoury@torchiacom.com
(514) 288-8290, poste 214
2
Forward Looking Statements
This press release contains certain forward-looking statements concerning the Companys performance and strategies, including the Company being able to reinvest the funds to continue to strengthen our retail distribution with the goal of generating long-term shareholder value; and that Rideau will be a great partner in delivering superior brand experience. Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward-looking statements and no assurance can be given that we will meet the results projected in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) economic, political and market conditions, including the economies of the U.S. and Canada, which could adversely affect our business, operating results or financial condition, including our revenue and profitability, through the impact of changes in the real estate markets (especially in the state of Florida), changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, the impact on store traffic, tourism and sales; (ii) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs and their related impact on the Companys costs and expenses; and (iii) the Companys ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, maintain relationships with its primary vendors, to mitigate fluctuations in the availability and prices of the Companys merchandise, to compete with other jewelers, to succeed in its marketing initiatives, and to have a successful customer service program. Information concerning factors that could cause actual results to differ materially are set forth in our Annual Report on Form 20-F filed with the Securities and Exchange Commission on June 26, 2015 and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
3
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end