MONTREAL, Jan. 4, 2012 /CNW Telbec/ - Dr. Lorenzo Rossi di Montelera,
Chairman of the Board of Birks & Mayors Inc. ("Birks & Mayors" or the
"Company") is pleased to announce that Jean-Christophe Bédos,
previously of the international jewellery house Boucheron, has been
named successor to the Company's current President & CEO, Thomas A.
Andruskevich. Mr. Andruskevich announced in September 2011 that he
would be leaving the Company in the Spring of 2012. Effective today
and during Mr. Bédos' first 3 months with the Company, he will be the
Chief Operating Officer reporting jointly to Mr. Andruskevich as the
President & CEO and Dr. Lorenzo Rossi di Montelera as the Chairman of
the Board, to allow for a smooth transition. As of April 1, 2012,
Mr. Bédos will assume the role of the Company's President & CEO.
In making the announcement, Dr. Lorenzo Rossi di Montelera, said: "I am
very pleased to welcome Jean-Christophe Bédos as the successor to the
President and CEO. His experience as President of one of the world's
most prestigious luxury brands and his extensive knowledge of the
luxury jewellery and timepiece industry will be key assets for Birks &
Mayors as it continues the development of the Birks product brand and
pursues international expansion."
"I am very grateful for Tom Andruskevich's contributions to the Company,
and I am delighted that he will be able to work closely with his
successor to ensure a seamless transition. The Board is very pleased to
see Tom continue as Vice Chairman of the Board after the transition is
complete and to serve on the Board's Executive Committee," concluded
Dr. Rossi di Montelera.
"It is with much pride and enthusiasm that I join Birks & Mayors as the
successor of the President and CEO. Since 1879, with its strong
heritage and reputation, the Company has become a major leader in the
manufacturing and retailing of high-end jewellery and luxury watches in
North America," said Jean-Christophe Bédos. "I am looking forward to
building on the Company's successes, developing our strong brands, and
working with a team of dedicated professionals," 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 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 will be based at the Company's head office
in Montreal, Canada.
About Birks & Mayors Inc.
Birks & Mayors is a leading retailer with 61 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 26 stores under the
Mayors brand in Florida and Georgia, 2 retail locations in Calgary and
Vancouver under the Brinkhaus brand, and 1 retail location in Orlando,
Florida 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. Mayor's was founded in 1910 and has maintained
the intimacy of a family-owned boutique while becoming renowned for its
fine jewellery, time pieces, giftware and service. Additional
information can be found on Birks & Mayors website, www.birksandmayors.com.
For more information:
Director, Public Relations & Events
Birks & Mayors Inc.
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.
Image with caption: "Jean-Christophe Bédos, previously of the international jewellery house Boucheron based in Paris, has been named successor to the current President & CEO of Birks & Mayors Inc., Thomas A. Andruskevich. (CNW Group/BIRKS & MAYORS INC.)". Image available at: http://photos.newswire.ca/images/download/20120104_C2118_PHOTO_EN_8631.jpg
For further information:
Director, Public Relations & Events
Birks & Mayors Inc.