News releases

Sainte-Julie, Quebec, December 7, 2011 – Groupe Bikini Village inc. (TSX: GBV) ("Groupe Bikini Village" or the "Corporation")  today reported the results of its third quarter of 2011. During the quarter, the Corporation reduced its traditional seasonal loss by delivering sales consistent with its performance in the same quarter a year earlier, while operating a smaller number of stores.

SAINTE-JULIE, September 8, 2011 – Groupe Bikini Village inc. (TSX: GBV) ("Groupe Bikini Village" or the "Corporation") today reported the results of its second quarter of 2011, which were marked by a 4% decline in sales and a decline in our margins mostly due to the late arrival of summer weather conditions. Throughout this challenging early summer period, the Corporation continued to consistently apply its prudent and disciplined management approach, controlling both direct and indirect expenses and managing its inventories in a dynamic way, to mitigate the impact of this external factor.

SAINTE-JULIE, July 5, 2011 – Groupe Bikini Village inc. (TSX: GBV) ("Groupe Bikini Village" or the "Corporation") today reported the results of its first quarter of 2011, reflecting slight decreases in sales and gross margins; effective control over direct and indirect expenses; and market-responsive, dynamic inventory management. 

STE-JULIE, QUEBEC, May 27, 2011 - Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announces the appointment of Mrs Hélène F. Fortin, an established and respected professional accountant and company’s director, as Chairwoman of its Board of Directors. 

SAINTE-JULIE, April 21, 2011 – Groupe Bikini Village inc. (TSX: GBV) ("Groupe Bikini Village" or the "Corporation") today reported fourth quarter 2010 results reflecting increased profitability, a stronger overall financial picture, and a good inventory position. Highlights of the quarter included increased sales, overall improvement in gross margins, tight control on direct and indirect expenses, and a disciplined approach to inventory management.

SAINTE-JULIE, April 21, 2011 – Groupe Bikini Village inc. (TSX: GBV) ("Groupe Bikini Village" or the "Corporation") today reported fourth quarter 2010 results reflecting increased profitability, a stronger overall financial picture, and a good inventory position. Highlights of the quarter included increased sales, overall improvement in gross margins, tight control on direct and indirect expenses, and a disciplined approach to inventory management.

SAINTE-JULIE, December 9, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today reported that, for the second year running, it achieved solid sales in its third quarter of the fiscal year, a quarter traditionally marked by a seasonal slowdown in business volumes. The Company’s third quarter 2010 sales performance nearly matched the high standard it had set last year.

SAINTE-JULIE, October 15, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announced that the Company’s board of directors has received and accepted the resignation of Mr. Scott Leckie, director of the Company, and would like to thank him for his services. The resignation of Mr. Leckie takes effect immediately.

SAINTE-JULIE, September 27, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announces that the consolidation of its outstanding common shares (“Shares”) previously announced in the Company’s press release of May 3, 2010 (the “Consolidation”) is effective. The Shares have been consolidated on a basis of one new Share for every 125 old Shares.

SAINTE-JULIE, September 9, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today reported strong results in its second quarter of 2010. Highlights included a 25% increase in sales volume; an overall increase in gross margins; continued tight control over expenses; and a disciplined approach to inventory management, which led to a further reduction of the Company’s level of inventory.  

SAINTE-JULIE, June 30, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announced its intention to amend the terms of its rights offering (the “Offering”) previously announced on May 3, 2010. Under the Offering, each registered holder of the Company’s common shares (“Shares”) as of a record date to be determined in conjunction with the Toronto Stock Exchange (the “TSX”) will receive one right (a “Right”) for each Share held. Four Rights plus the sum of $0.03 (the “Subscription Price”) are required to subscribe for one Share (the “Basic Subscription Privilege”). The Company had previously announced that the Subscription Price would be $0.05. The Rights will expire on a date to be announced (the “Expiry Date”), after which unexercised Rights will be void and without value. The Rights will be listed on the TSX. Shareholders who fully exercise their Rights may subscribe pro-rata for any additional Shares not otherwise subscribed for before the Expiry Date (the “Additional Subscription Privilege”).

SAINTE-JULIE, June 9, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released financial results for its first quarter, ended May 1^st, 2010, which reflect steady sales volumes, an overall increase in gross margins, continued tight control over direct and indirect expenses, and the Company’s disciplined approach to inventory management.

SAINTE-JULIE, May 3, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announced its intention to file a rights offering circular (the “Rights Offering Circular”) with the Toronto Stock Exchange (the “TSX”) and the securities regulators in respect of a rights offering to raise net proceeds of approximately $2.0 million (the “Offering”). Following the Offering and subject to the approval of the holders of its common shares (“Shares”), the Company intends to consolidate the outstanding Shares within a range of one new Share for every 100 currently outstanding Shares to one new Share for every 150 currently outstanding Shares (the “Consolidation”). The Company intends to proceed with the Offering and the Consolidation to address its capital requirements and capital structure in order to create its own opportunities.

SAINTE-JULIE, April 23, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released its financial results for both the fourth quarter and full fiscal 2009, both of which ended January 30, 2010 and reflected the positive impacts of the Company’s flexible operating strategies adapted to match market realities.