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Former Michael Hill CEO partners with Aussie competitor Secrets

  • Who's Where
  • April 4, 2017
  • Sarah Dunn
Former Michael Hill CEO partners with Aussie competitor Secrets

Mike Parsell stepped down as chief executive of Kiwi jeweller Michael Hill International in August last year. He’s now joined competing jeweller Secrets as its managing director.

In more than 35 years with Michael Hill, Parsell took the company from its humble beginnings in Whangarei to more than 300 stores. In delivering his resignation to the board, he noted he had taken the group’s annual revenues from $160m to $540m during his 16 years as CEO.

“The business has been successfully expanded into international markets and has ample growth opportunities on the horizon with the continued roll out of Michael Hill stores in North America and the growth of our new brand Emma and Roe,” he then said.

“I feel now is a good time for a change in leadership as the business is performing well and has a stable and experienced leadership team.”

Parsell was replaced by another long-serving Michael Hill executive, Phil Taylor, who was appointed CEO in March 2017. Taylor has worked in the company since 1987.

Secrets was founded in Noosa, Queensland in 2000. The company’s branding is all about “attainable luxury”, providing bridal and fashion jewellery “that literally doesn’t cost the earth”. It has eight stores in Australia.

Founding director Jane Meredith says she’d been looking for somebody with the expertise to grow the brand, and found it in Parsell.

“Mr Parsell brings the high level of expertise, experience and knowledge of the industry that the business needs for continued success,” she says. “I’m particularly delighted that Mr Parsell shares my passion and commitment for the business and understands the uniqueness of the brand.”

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Kimberlys will be gone by Sunday

  • News
  • December 11, 2017
  • Sarah Dunn
Kimberlys will be gone by Sunday

Womenswear company Kimberlys was founded in 1983, but it won’t see out the end of 2017 before folding. It went into receivership in October and as a buyer has failed to come forward, all remaining Kimberlys stores will close on December 17.

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In store music matters

  • In Association with OneMusic
  • December 11, 2017
In store music matters

Music. It’s always there, but it’s not often we stop to think about the effect it has on our environment. Mark Cowie, New Zealand operations manager for Recycle Boutique talks about how they use music targeted to their demographic to add to the in-store experience.

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Oroton luxury bags put into administration

  • News
  • December 8, 2017
Oroton luxury bags put into administration

Oroton Group, owners of luxury accessories chain Oroton, entered the brand into administration at the end of November. The chain is set to operate as usual until a decision is reached regarding the brand's future.

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Expected retail trends for 2018

  • Opinion
  • December 7, 2017
  • Courtney Devereux
Expected retail trends for 2018

The retail industry is a fast-paced, uncertain minefield, where retailers must keep up with the latest trends and expectations to survive in the market. This year saw many trends come in and out, but what can retailers expect to face from 2018?

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