Birks Group Inc. (the “Company” or “Birks”) (NYSE American LLC: BGI), has completed the previously announced sale of its subsidiary, Mayor’s Jewelers, Inc. (“Mayors”) to Aurum Group USA, Inc., a subsidiary of Aurum Holdings Ltd. (“Aurum”) the largest fine watch and jewelry retailer in the U.K. Gross proceeds from the sale were approximately US $108 million.
A video he posted to YouTube shows the store in a state of utter dilapidation, with mountains of clothes, shoes and other products scattered all over the place. “I expected chaos but I didn’t expect to see it that bad I guess,” Visima told Global News. “This was far, far worse than [Target] and I was sort of mystified, which is why I pulled out the camera because I’d never seen anything like that.”