BIRKS GROUP AND RIDEAU ANNOUNCE STRATEGIC ALLIANCE
â€œThereâ€™s great synergy in this partnership,â€ saidÂ Peter W. Hart, Chief Executive Officer of Rideau. â€œWeâ€™re combining the power of the Birks Brand with the strength of Rideauâ€™s 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 weâ€™re honored by this vote of confidence from this iconic Canadian company.â€
Birks Group is a leading operator of luxury jewelry stores inÂ the United StatesÂ andÂ Canada.As ofÂ July 31, 2015, the Company operated 28 stores under the Birks brand in most major metropolitan markets inÂ Canada, 17 stores inÂ FloridaÂ andÂ GeorgiaÂ under the Mayors brand, one store under the Rolex brand name and two retail locations inÂ CalgaryÂ andÂ VancouverÂ under the Brinkhaus brand. Birks was founded in 1879 and developed over the years intoÂ Canadaâ€™sÂ 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.Â Additional information can be found on Birks Group web site,Â .Â
About Rideau Recognition SolutionsÂ
Rideau helps Global 2000 employers inspire greatness in their people through the power of recognition and rewards. Rideauâ€™s 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 companyâ€™s 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 atÂ .
Forward Looking Statements
These risks and uncertainties include, but are not limited to the following: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 onÂ June 26, 2015Â 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.
Vice President, Marketing & Communications
BIRKS â€“Financial Community:
Vice President, Chief Financial & Administrative Officer