Birks & Mayors Inc. (“Birks” or the “Company”) (NYSE Amex: BMJ) is pleased to announce that Jean-Christophe Bédos has officially become the new President and CEO of the Company. Birks is a leading manufacturer and retailer of prestigious jewellery and timepieces since 1879 in Canada, with a solid reputation as purveyor of the most beautiful jewels and the highest-quality diamonds. The Company also operates retail stores under the Mayors brand in the South-eastern United States.
“I am very proud to be taking on the responsibilities of President and CEO of Birks. The Company has deep roots in Britain and since its founding in Montreal in 1879, has built a solid reputation in Quebec and across Canada,” said Jean-Christophe Bédos. “For over 130 years, Birks has been a key part of its clients’ celebration of milestone moments with its exquisite jewellery, timepieces and other fine gifts. The Company’s history is rich and vibrant, and its creations are today cherished by many generations, including royalty and celebrities. I look forward to building on the Company’s successes and strong design heritage and brand image,” he said.
Jean-Christophe Bédos was President and Chief Executive Officer of luxury brand jeweller Boucheron International, Paris (Gucci Group, PPR) from May 2004 to June 2011. Previously, he was the Managing Director of Cartier France from 2002 to 2004, and International Executive Manager alongside the President of Richemont International from 2000 to 2002. Mr. Bédos started his career in the jewellery industry at Cartier in 1988. He holds a Sloan Master of Science in Management from the London Business School, a LLB in International Law from Université Paris I Sorbonne, a BA (Honours) in European Business from Trent University, Nottingham and a Bachelor of Arts, European Business, from Toulouse Business School. Mr. Bédos is based at the Company’s head office in Montreal, Canada.
Birks Diamond Heritage
Birks represents a heritage of trust and uncompromising quality, and its commitment to diamond innovation dates back many years. Since 1879, Birks has set the standard across Canada for quality diamonds, providing meticulous grading and offering only the world’s best gems to its customers. Birks recently announced its commitment to diamonds mined in Canada and now offers engagement rings with centre stones made exclusively of Canadian diamonds. Ethically-mined and conflict-free, diamonds mined in Canada are of a superior purity and rarity. Birks guarantees the Canadian diamond’s authenticity and offers customers the opportunity to trace the Canadian diamond from the Birks iconic blue box to its mine of origin.
About Birks & Mayors Inc.
Birks & Mayors is a leading retailer with 59 luxury jewellery stores in Canada and the United States. The Company operates 32 stores under the Birks brand in most major markets in Canada and 24 stores under the Mayors brand in Florida and Georgia, two retail locations in Calgary and Vancouver under the Brinkhaus brand and one retail location in Orlando under the Rolex brand. Birks was founded in 1879 and developed over the years into Canada’s premier retailer, designer and manufacturer of fine jewellery, timepieces, sterling and plated silverware and gifts. Visit www.birks.com.
Forward Looking Statements
This press release contains certain “forward-looking” statements concerning the Company’s performance and strategies. 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 the Company 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 Company’s costs and expenses; and (iii) the Company’s 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 Company’s 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 the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 8, 2011 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.
For more than a century, Mayors has been defining luxury by bringing the world’s most exclusive selection of iconic brands to connoisseurs of fine jewelry and timepieces.