<SEC-DOCUMENT>0001193125-12-247335.txt : 20120816
<SEC-HEADER>0001193125-12-247335.hdr.sgml : 20120816
<ACCEPTANCE-DATETIME>20120524172417
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-12-247335
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20120524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIRKS & MAYORS INC.
		CENTRAL INDEX KEY:			0001179821
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1240 SQUARE PHILLIPS
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3B 3H4
		BUSINESS PHONE:		5143972511

	MAIL ADDRESS:	
		STREET 1:		1240 SQUARE PHILLIPS
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3B 3H4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HENRY BIRKS & SONS INC
		DATE OF NAME CHANGE:	20020809
</SEC-HEADER>
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<TYPE>CORRESP
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<TITLE>Correspondence</TITLE>
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<IMG SRC="g341067correspg001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">515 E. Las Olas Boulevard, Suite 1200 | Ft. Lauderdale, FL 33301 | T 954.525.1000 | F 954.463.2030 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Holland&nbsp;&amp; Knight LLP | www.hklaw.com </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tammy Knight </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(954) 468-7939 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">tammy.knight@hklaw.com </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May&nbsp;24, 2012
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Mara&nbsp;L. Ransom </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assistant Director </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">S<SMALL>ECURITIES</SMALL>
A<SMALL>ND</SMALL> E<SMALL>XCHANGE</SMALL> C<SMALL>OMMISSION</SMALL> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Division of Corporation Finance </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Washington, D.C. 20549 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Re:</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Birks &amp; Mayors Inc. (the &#147;Company&#148;) </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Registration Statement on Form F-1 (the &#147;Registration Statement&#148;) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Filed April 27, 2012 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>File No. 333-181031 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dear Ms.&nbsp;Ransom: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This letter is in response to your letter dated May&nbsp;21, 2012 regarding the review of the Company&#146;s Registration Statement and comments thereto
by the Staff of the Securities and Exchange Commission (the &#147;Commission&#148;). Please note that for the Staff&#146;s convenience we have recited each of the Staff&#146;s comments and followed each comment with the Company&#146;s response.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>General </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>1.
<I>We note a number of blank spaces throughout your registration statement for information that you are not entitled to omit. Please allow us sufficient time to review your complete disclosure prior to any distribution of preliminary prospectuses.
</I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We have
filled in all of the blanks that are not related to pricing or the record date. We plan to fill in the remaining blanks in a 424(b) prospectus pursuant to Rule 430(A) of Securities Act of 1933, as amended, after effectiveness of the Registration
Statement. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">S<SMALL>ECURITIES</SMALL> A<SMALL>ND</SMALL> E<SMALL>XCHANGE</SMALL> C<SMALL>OMMISSION</SMALL>
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 24, 2012 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"> Page
 2
 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Material U.S. Federal Income Tax Consequences of Rights Offering, page 32 </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>2. <I>We note that the disclosure in this section and in the section &#147;Material U.S. Federal Income Tax Consequences of Owning and Disposing of
Birks Class&nbsp;A Voting Shares&#148; does not address the Federal tax consequences of the rights offer on Class B multiple voting shares. Please revise your disclosure to address the Federal tax consequences of the rights offer on Class B multiple
voting shares or advise us why you believe you do not need to include this disclosure. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We do not believe this disclosure is necessary since Montrovest, the Company&#146;s majority shareholder, is the only holder of Class B multiple voting
shares, and the purchase of any shares by Montrovest would be effected in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, and, accordingly, would not be registered pursuant to the Registration
Statement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>3. <I>We note your disclosure here that the &#147;legal conclusions identified in this discussion are the opinion of our
counsel.&#148; Please advise us if the legal conclusions starting on page 80 under the caption &#147;Material U.S. Federal Income Tax Consequences of Owning and Disposing of Birks Class&nbsp;A Voting Shares&#148; are also the opinion of your
counsel. We may have additional comments after reviewing your response. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to Staff Legal Bulletin 19, an opinion of counsel on tax consequences is required where the tax consequences are material to investors. The staff
noted in footnote 39 of Staff Legal Bulletin 19 that in the context of a rights offering, the tax consequences are material where the registrant discloses that the transaction is tax-free. In such a case, the staff noted that a tax opinion should be
provided. We have included a tax opinion related to the tax consequences of the rights offering described under the heading &#147;Material U.S. Federal Income Tax Consequences of Rights Offering.&#148; However, we do not believe that the general tax
consequences of owning and disposing of common stock, as described under &#147;Material U.S. Federal Income Tax Consequences of Owning and Disposing of Birks Class&nbsp;A Voting Shares,&#148; is sufficiently material to investors to require a tax
opinion. The tax consequences described under this section are not unusual or complicated and the transactions described are taxable. As a result, the legal conclusions under the heading &#147;Material U.S. Federal Income Tax Consequences of Owning
and Disposing of Birks Class&nbsp;A Voting Shares&#148; are not included in our opinion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We have clarified the disclosure in the opinion
filed as Exhibit 8.1 that it relates to the legal discussion under the heading &#147;Material U.S. Federal Income Tax Consequences of Rights Offering.&#148; </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">S<SMALL>ECURITIES</SMALL> A<SMALL>ND</SMALL> E<SMALL>XCHANGE</SMALL> C<SMALL>OMMISSION</SMALL>
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 24, 2012 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"> Page
 3
 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Taxation of Subscription Rights, page 33 </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>4. <I>We note your disclosure that the receipt of subscription rights &#147;should not be treated as a taxable distribution.&#148; Through the use
of the word &#147;should&#148; it appears that you are indicating that the tax opinion is subject to a degree of uncertainty. If doubt exists as to the tax consequences, this disclosure should be revised to explain the degree of uncertainty and
better explain why a firm opinion regarding this issue cannot be provided, and a risk factor and/or other appropriate disclosure addressing the uncertainty of the tax consequences of the distribution and the risks of uncertain tax treatment to
investors should be added. Please refer to Staff Legal Bulletin No.&nbsp;19, III.C.4. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The requested revisions have been made on page 33 of the Registration Statement. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>Expiration of Subscription Rights, page 33 </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>5. <I>Similarly, we note your
disclosure that if an investor allows the expiration of the subscription rights, it &#147;should not recognize any gain or loss.&#148; If doubt exists as to the tax consequences, this disclosure should be revised to explain the degree of uncertainty
and better explain why a firm opinion regarding this issue cannot be provided, and a risk factor and/or other appropriate disclosure addressing the uncertainty of the tax consequences and the risks of uncertain tax treatment to investors should be
added. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
requested revisions have been made on page 33 of the Registration Statement. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Financial Statements, F-1 </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>6. <I>With your next amendment please include your interactive data files required by Item&nbsp;601(b)(101) of Regulation S-K. </I></FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We acknowledge the
Staff&#146;s comment. To address the Staff&#146;s comment, the Company will include its interactive data files required by Item&nbsp;601(b)(101) by amendment after the Company has filed its 2012 Annual Report on Form&nbsp;20-F. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Undertakings, II-8 </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>7.
<I>Please revise to include the undertakings required by Item&nbsp;512(a)(4) and (5)(ii)&nbsp;of Regulation S-K. </I></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">S<SMALL>ECURITIES</SMALL> A<SMALL>ND</SMALL> E<SMALL>XCHANGE</SMALL> C<SMALL>OMMISSION</SMALL>
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 24, 2012 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"> Page
 4
 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The requested revisions have been made on pages II-8 and II-9 of the Registration Statement. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Exhibit 5.1 </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>8. <I>We note
the language in the seventh paragraph of the legal opinion, which states that the opinion is &#147;addressed to the addressee only&#148; and &#147;may not be &#133;used for any purpose.&#148; This appears to be a disclaimer of responsibility that
implies that investors are not entitled to rely on the opinion. Please have counsel delete this disclaimer from the legality opinion. </I></FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The requested revision has
been made on page 2 of Exhibit 5.1 of the Registration Statement. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Exhibit 8.1 </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>9. <I>We note in the first and penultimate paragraphs counsel&#146;s reference to the discussion under the caption &#147;Material U.S. Federal
Income Tax Consequences.&#148; Please have counsel revise to cite to the full name of the caption, &#147;Material U.S. Federal Income Tax Consequences of Rights Offering,&#148; and, if applicable, to the caption &#147;Material U.S. Federal Income
Tax Consequences of Owning and Disposing of Birks Class&nbsp;A Voting Shares.&#148; </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The requested revisions have been made on pages 1 and 2 of Exhibit 8.1 of the Registration Statement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I></I>10. <I>We note in the seventh paragraph of the tax opinion that counsel has consented to the filing of its opinion and to the reference to its
firm in the section entitled &#147;Legal Matters.&#148; Please have counsel revise its opinion to consent to the discussion of its opinion in the prospectus and to consent to the reference to its firm in the tax disclosure sections of the
prospectus. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Response: </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The requested revision has been made on page 2 of Exhibit 8.1 of the Registration Statement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Please direct any questions or comments regarding this letter or the Registration Statement to me at 954-468-7939. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">HOLLAND&nbsp;&amp; KNIGHT LLP</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Tammy Knight</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tammy Knight</FONT></TD></TR>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
