Product details

Henry Birks & Sons, Inc (Birks) is a large fine jewellery retail chain. The president and chief executive officer has spent several years streamlining the Canadian operations and building his management team in anticipation of an expansion. Its parent company, Iniziative Regaluxe, is looking for a return on its $65 million investment in Birks. This return will come about only if Birks proceeds with an initial public offering, or is bought out by a major competitor. Although the chief executive officer believes that expansion in the United States is the only way to find growth, this strategy is called into question when environment factors are examined. He must decide if expansion into the United States is the answer.