Thursday, 21st April 2005 (4763 views)

US jewellers Henry Birks & Sons and Mayor's Jewelers are to merge in a new deal.

Mayor's is the majority owned subsidiary of Henry Birks and the agreement has now been approved by its board.

Tom Andruskevich, CEO of both Birks and Mayor's commented: "We are delighted to have signed this agreement. This transaction will allow us to fully integrate Mayor's and Birks into a single retailer with two strong brands, with increased scale that we believe will allow us to create greater potential for short and long-term growth and shareholder value."

Henry Birks is based in North America and offers luxury jewellery, designing, making and selling fine jewellery and timepieces.

Mayor's sells fine jewellery and timepieces in Florida and Georgia.

Among the items on offer at the jewellers are 18-carat gold bracelets, charms, cufflinks, earrings, rings and necklaces.

 

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