July 14, 2014 – Groupe Bikini Village to focus on the transformation of its existing business.

Mr. W. Scott Leckie, Principal of Takota Asset Management, a significant investor in Groupe Bikini Village, announced today that he will step down as Chairman of the Board of Groupe Bikini Village to be succeeded by Mr. Jocelyn Dumas as Executive Chairman as the Company directs its focus on the transformation of its existing business. Mr. Leckie will continue to serve as a Director of the Corporation.
In the press release issued by Groupe Bikini Village, Mr. Leckie also said: “After a thorough review of any possible strategic alternatives, the Board has determined that none of those options is as attractive as taking advantage of the opportunities inherent in the Bikini Village brand and assets. To this end, the Board is pleased to have found an experienced and skilled executive to lead the Corporation through its needed transformation. We welcome Mr. Dumas to Groupe Bikini Village as Executive Chairman.”
News release from Groupe Bikini Village.

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