Birks Group Completes the Acquisition of the Watch and Jewellery Business of European Boutique and Related Debt Financing Amendments
1. Birks Group acquires European Boutique for $9 million. 2. Acquisition enhances presence in the Greater Toronto Area luxury market. 3. Financing includes a $13.5 million loan for operational stability. 4. Licensing agreement for Diamonds Direct expands product offerings. 5. Integration with European's team is underway post-acquisition.