2015: Michael Hill International
Last updated: 03/2015
Michael Hill International Limited [MHI.NZ] owns the brand “Michael Hill” and operates a retail jewelry chain of 267 stores in Australia, New Zealand, Canada and the United States as at 30 June 2013. The Company had its origins in 1979 when Michael and Christine Hill opened their first store in the New Zealand town of Whangarei, some 160 kilometers north of Auckland. A unique retail jewelry formula that included dramatically different store designs, a product range devoted exclusively to jewelry and high impact advertising, elevated the Company to national prominence. The Company listed on the New Zealand Stock Exchange in 1987 after a public issue of 6m shares at 65c. The same year the Group expanded into Australia. In 2002, the Group expanded into Canada, opening its first stores in Vancouver. MHI now has a presence in British Columbia, Alberta, Manitoba, Saskatchewan and Ontario. In September 2008, the Group entered the United States market. As at 30 June 2013, the Group has 52 stores in New Zealand, 162 in Australia, 45 in Canada and 8 stores in Chicago, USA. It employs over 2,300 permanent employees who are involved in retail sales, manufacturing and administration. It has approximately 3,500 shareholders and has consistently given steady returns to shareholders.
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