Michael Hill International Limited
Recent research View all research
About Michael Hill International Limited
Michael Hill International operates a specialist retail jewellery chain. The company originated in Whangarei, NZ in 1979. MHI has a large store base in Australia (167 stores) and New Zealand (52 stores). As footprint expansion in these markets slows we expect the US and Canada to play an increasingly important part. MHI expanded into Canada in 2002 and is now the second largest jewellery chain by store count with 62 stores. Canada is its key near-term growth opportunity. MHI entered the US market in 2008 and now has 10 stores. It is a long-term growth opportunity.