Birks Group Completes the Acquisition of the Watch and Jewellery Business of European Boutique and Related Debt Financing Amendments

Montreal – Birks Group Inc. (“The company” or “Nyse American LLC: BGI) to announce that, in addition to its announcement on June 9, 2025, the acquisition (acquisition” has completed for luxury purchases, for purchases, for purchases, for purchases, for purchases, for purchases, for purchases, for the sake Procurement for purchases, for purchases, for purchases, and customary modifications.

يقع مقرها الرئيسي في تورونتو ، الأوروبي ، تدير متاجر في Yorkdale ، Square One ، Toronto Eaton Center و Sherway Garden Malls ، تتكون من أربعة متاجر ومراقبة ومجوهرات ذات علامات تجارية متعددة العلامات التجارية الأوروبية ، و Montbronts ، مثل العلامات التجارية المتكاملة ، مثل العلامات التجارية ، مثل العلامات التجارية ، مثل العلامات التجارية ، مثل العلامات التجارية ، Such as brands, such as brands, such as Gucci. direct. In addition to its brick stores and mortar shells, Europe runs a national e -commerce site in Eurobean.ca, which offers a wide range of watches and jewelry across Canada. As part of the acquisition, the Berks Group also concluded a licensing agreement to operate the Canadian brand Diamonds duct® (Diamondsdirect.CA).

Jean -Christophe Bedos, President and CEO of the Perks Group commented: “We are happy to complete the acquisition of Europeans.

Eric Sotkokrak, Lyn Sottochwich, Jordan Sottochwich and Michelle Ceresney, former European owners, commented: “After nearly 50 years of serving our loyal customers, we are proud to sell our family business to a group of family currencies, and they are committed to the customer’s participation. He thanked all our team, colleagues, partners and friends in Europe for their dedication and support.

Regarding the acquisition and as previously announced, Birks Group also got an additional loan of $ 13.5 million (“additional loan”) with SLR Credit Solutions (“SLR”), one of the current senior lenders. The additional loan carries an interest in the same rate of our current loan at a value of $ 12.5 million with SLR, which is Corra Plus (1) Corra modification by 0.32 % and (2) 7.75 %, and it will be fully paid on December 24, 2026. Part of the return from the returns from the increase loan before the purchase price financing to communicate with the center will be used. The company also concluded a loan agreement worth $ 3.75 million in additional debt (“loan agreement”) with ManGrove Holding SA, one of the company’s dominant shareholders. The loan agreement holds a 15 % annual interest and will be fully paid on December 24, 2026. The loan agreement revenues will be used to finance the regular capital capital.

Rebecca Tarby, SLR’s first managing director, commented: “The Berks and SLR group enjoyed a long -term trade relationship for more than 15 years, and we are happy to support continuous growth and the success of the Perks group.”

The company is still actively involved in defining alternative transactions to continue to follow its strategic goals, including collecting additional money through public or private shares, debt financing, and completing strategic acquisitions.

The Berx Group is a leading designer in high -end jewelry, luxury jewelry operator, watches and gifts in Canada. The company runs 17 stores under the Maison Birks brand in most of the main urban markets in Canada, one retail site in Montreal under the Birks brand, one retail site in Montreal under Timevallée, one retail site in Calgary under BRINKHAUS, and 3 Toronto under the Breitling brand. Berks was founded in 1879 and became a major designer in Canada and retail stores in high -end jewelry, watches and gifts. Additional information can be found on the Berx website, www.birks.com.

EuropEan Boutique is a luxury retail company of watches, jewelry and diamonds with a platform for national e -commerce, brick and shells throughout the Greater Toronto. Europe is running four stores under the name of European trade, three mono -brand stores in partnership with omega, Bretling and Monoplank, and store confrontations on behalf of brands such as Taj Heuer, Gucci, and Diamonds Diamonds ( Diamondsdirect.ca), In addition to a national e -commerce website, www.european.ca.About SLR Credit Solutions SLR CREDIT SOLUTIONS (F/K/A Crystal Financial), a wallet company in SLR Investment Corp. , It is the leading direct credit provider that focuses on emerging financing, guarantee, and asset management.