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Michael Hill International operates Michael Hill Jeweller - an Australasian
retail jewellery chain catering principally for the middle section of
the jewellery market, with 120 stores between Australia and New Zealand
as at 30 June 2002. The Company also specialises in higher priced diamond
jewellery. The Company had its origins in 1979 when Michael Hill opened
the first store in the New Zealand town of Whangarei, some 160 kilometres
north of Auckland.
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unique retail jewellery formula that included dramatically different
store designs, a product range devoted exclusively to jewellery and
almost saturation levels of high impact advertising elevated the Company
to national prominence and record sales.
The Company
grew rapidly, expanding to 10 stores by 1987 - the same year it
was listed on the New Zealand stock exchange. 1987 also saw expansion
into Australia, opening the first store in August, in the Brisbane
suburb of Indooroopilly.
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Today
the group employs over 1,500 full and part time staff in retailing, manufacturing
and administration. It has approximately 2,800 shareholders and remains
the most profitable publicly listed retail jeweller in Australia/New Zealand.
Our Overall Strategic Goal
- To grow shareholder wealth over time through our philosoply of controlled
profitable growth.
Our Mission
- Our mission is to be the most people focused jeweller in the world.
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