 Birks Group Inc. the Company or Birks NYSE American LLC: BGI, announced the closing of a CAD10 million subordinated secured term loan with Investissement Québec IQ on July 8, 2020. This new term loan will be used to support the working capital needs of the Company following the impacts of COVID-19 and increases the Companys borrowing capacity, allowing it to continue the relaunch of its operations, including the full re-opening of its store network throughout Canada, and omni-channel value-creation initiatives in a COVID-19 environment. 