Last C$0.74 CAD
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As of 3:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

groupe bikini village inc (GBV) Snapshot

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52 Week High
08/7/13 - C$3.52
52 Week Low
07/16/14 - C$0.67
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groupe bikini village inc (GBV) Details

Groupe Bikini Village inc. is engaged in the retail sale of beachwear products in Eastern Canada. It offers swimwear, beachwear, cruises, travel clothing, and various beach accessories and products for men and women through its Bikini Village and Bikini Village Outlet stores. As of May 1, 2014, it operated 53 stores. The company was founded in 1978 and is headquartered in Sainte-Julie, Canada.

400 Employees
Last Reported Date: 06/12/14
Founded in 1978

groupe bikini village inc (GBV) Top Compensated Officers

Chief Financial Officer and Comptroller
Total Annual Compensation: C$131.5K
Director of Store Operations
Total Annual Compensation: C$111.0K
Compensation as of Fiscal Year 2014.

groupe bikini village inc (GBV) Key Developments

Groupe Bikini Village Announces TSX Venture Listing Application

Groupe Bikini Village inc. announced that it has applied to list on the TSX Venture Exchange. The Corporation has also applied to voluntarily delist from the Toronto Stock Exchange. This follows Toronto Stock Exchange's delisting review, initiated on March 26, 2014.

Groupe Bikini Village Inc. Announces Management Changes

Groupe Bikini Village inc. announced that its board of directors has appointed Mr. Jocelyn Dumas as the Corporation's Executive Chairman of the Board. Mr. Dumas will be the acting Chief Executive Officer until a new Chief Executive Officer is hired. Mr. Dumas was recently General Manager of Holt Renfrew and Ogilvy in Quebec and Chief Operating Officer of Liz Claiborne Canada. Prior to this, he held various executive management positions in Canada, the United States and Europe, including Vice-President, Business Development at Imasco Limited. Mr. Dumas succeeds as Chairman to Mr. W. Scott Leckie, who will continue to serve as director of the Corporation. Mr. Paul Delage Roberge, the Corporation's founder, is stepping down from the Board. The Board announced Ms. Chantal Létourneau for having served as Interim President and Chief Executive Officer in addition to her regular function as Chief Financial Officer. Ms. Létourneau will continue as Chief Financial Officer and will provide the necessary support to Mr. Dumas in his new function.

Groupe Bikini Village Inc. Announces Earnings Results for the First Quarter Ended May 3, 2014

Groupe Bikini Village inc. reported unaudited earnings results for the first quarter ended May 3, 2014. For the quarter, the company reported revenues of CAD 8,025,000 against CAD 8,478,000 a year ago. Loss before income tax recovery was CAD 927,000 against CAD 1,172,000 a year ago. Net loss was CAD 927,000 against CAD 859,000 a year ago. Loss per basic and diluted share was CAD 0.48 against CAD 0.45 a year ago. LBITDA was CAD 610,000 against CAD 745,000 a year ago. Despite lower sales, the company decreases its operating losses (EBITDA), achieved through tight controls on both operating and administrative expenses, and proactive management of inventory. The decrease in Net Sales were to lower consumer demand driven by a harsh and prolonged winter season, and a retail sector environment that continues to be challenging. Its proactive efforts to reduce both selling expenses and overall expenses through implementation of its reorganization plan resulted in a decrease in first-quarter operating loss (EBITDA) as compared to the similar period in the previous year.


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