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Birks Borrows $10M to Acquire Jewelry Stores
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Birks Borrows $10M to Acquire Jewelry Stores
Briks has borrowed CAD 13.5 million ($9.9 million) from one of its senior lenders to purchase a number of Canadian jewelry stores as well as to fund its regular business. The Canada-based jeweler did not identify the stores it wished to buy, nor did it disclose if it was acquiring a chain or several separate brands, but it did note it had already entered into a share agreement for the purchase. The shops are located in a Canadian province where…
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