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Birks Group and Rideau Announce Strategic Alliance: Rideau Acquires Birks Corporate Sales Division and the Two Enter into Supply and Licensing Agreements for Birks Business Products

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MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (NYSE MKT LLC:BGI) and Rideau Recognition Solutions Inc. announce that they have executed a definitive asset purchase agreement whereby Birks Group sold its Corporate Sales Division, also known as “Birks Business”, to Rideau for CAD $5.625 million (or approximately USD $4.3 million). The Corporate Sales Division services business customers by providing them with unique items for recognition programs, service awards and business gifts. Under the terms

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