Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Birks & Mayors ( (BGI) ) is now available.
On July 8, 2025, Birks Group Inc. announced the completion of its acquisition of the luxury watch and jewellery business of European Boutique for $9 million. This acquisition includes four multi-brand luxury stores and three mono-brand boutiques in the Greater Toronto Area, as well as a national e-commerce platform. The acquisition is expected to enhance Birks’ market presence and complement its existing offerings. Additionally, Birks secured a $13.5 million term loan from SLR Credit Solutions and a $3.75 million loan from Mangrove Holding S.A. to finance the acquisition and support working capital, reflecting the company’s strategic growth initiatives.
Spark’s Take on BGI Stock
According to Spark, TipRanks’ AI Analyst, BGI is a Underperform.
BGI’s overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and a fragile balance sheet. Technical indicators reflect a bearish outlook, while valuation metrics are hindered by a negative P/E ratio. The company must address its financial challenges to improve its stock performance.
To see Spark’s full report on BGI stock, click here.
More about Birks & Mayors
Birks Group Inc. is a leading designer and retailer of fine jewellery, timepieces, and gifts in Canada. The company operates 17 stores under the Maison Birks brand across major metropolitan markets in Canada, along with several other branded retail locations. Founded in 1879, Birks has established itself as a premier destination for luxury jewellery and watches.
Average Trading Volume: 97,428
Technical Sentiment Signal: Sell
Current Market Cap: $18.35M
Find detailed analytics on BGI stock on TipRanks’ Stock Analysis page.