Traded as ASX: MHJ, NZX: MHJ Founded 1979 CEO Phil Taylor (Aug 2016–) Motto We're For Love | Industry Retailing Headquarters Australia Number of locations 303 (as at December 2015) Chief marketing officer Anna-Maree Shaw | |
Parent organization Durante Holdings Pty Limited Profiles |
Michael Hill International Ltd. is a specialty retailer of jewellery in North America and Oceania. Michael Hill Jeweller operates a retail jewellery chain of 296 stores (as of June 2015 - MHI Annual Report 2015) in Australia, New Zealand, Canada and the United States, with over 2,000 permanent employees. The company's headquarters are in Brisbane, Australia.
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History
The company started in 1979, when Michael Hill and his wife, Christine, opened their first store in the New Zealand town of Whangarei. A 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. The company also received several international awards for window-dressing from renowned brands such as Bulova, Olympic and Omega.
The company grew steadily, expanding to 10 stores by 1987, the same year it listed on the NZX. Also in this year, Michael Hill Jeweller expanded into Australia, opening four stores in four weeks.
In 2002, the company expanded into Canada, opening its first stores in Vancouver. Michael Hill now has a presence in five Canadian provinces: British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. In September 2008, the company entered the United States market by acquiring 17 stores in Illinois and Missouri from Whitehall Jewelers. By mid-2013 over 60% of overall sales were from Australia, only 20% from New Zealand, with the rest from North America.
Emma Hill, the daughter of Michael Hill, will succeed him as chairman after the November 2015 annual general meeting.
Michael Hill watches
In late 2006, following a five-year trial, the company launched its own brand of watches under the Michael Hill name, phasing out all but the Citizen brand of watches by the middle of 2007. By mid-2008, only Michael Hill-brand watches were available in the company's stores. The watches range in design; including sports watches with rubber bands and gold bonded watches featuring diamonds and Mother of Pearl faces