Michael Hill International Limited

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Michael Hill is an international multi-channel retail jewellery chain with a vision to be the most loved jewellery destination by creating fine jewellery accessible to all. As of 28June 2020, it operates 290 stores and digital platform across Australia, New Zealand and Canada. The first Michael Hill store opened in 1979 when Sir Michael Hill and his wife, Lady Christine Hill launched their unique retail jewellery formula in the New Zealand town of Whangarei, some 160 kilometres north of Auckland. With dramatically different store designs, a product range devoted exclusively to accessible jewellery and the clever use of high impact advertising, Michael Hill rapidly gained popularity and rose to national prominence. Successful listing on the New Zealand Stock Exchange in 1987 saw the Group expand across the Tasman to Australia. After 15 years of sustained growth in both countries, Michael Hill embraced the opportunity to expand to North America in 2002, opening its first stores in Vancouver, Canada. The Group's Canadian retail presence continues to evolve as does the Group's innovative online presence in all markets in which it operates. In 2016 Michael Hill moved its primary stock exchange to the Australian Securities Exchange and continues to maintain a secondary listing on the New Zealand Stock Exchange (ASX/NZX: MHJ). As of 28 June 2020, the Group proudly operates 155 stores in Australia, 49 in New Zealand and 86 stores in Canada. Around the world, the Group employs approximately 2,500 permanent employees across retail sales, manufacturing and administration roles. From 1979 until now and into the future, one constant underpins all that we do: we’re for love. Michael Hill remains committed to creating quality jewellery for our customers to cherish for a lifetime.


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Michael Hill slashes outlets
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MHJ - Macquarie rates the stock as Outperform