Latest news with #MichaelHill
The Australian
a day ago
- Business
- The Australian
Globally renowned jewellery tycoon Sir Michael Hill dies aged 86
Sir Michael Hill, owner of the multimillion-dollar jewellery chain of the same name, has died aged 86. The celebrated entrepreneur stepped down from his role on the board of his world-renowned jewellery company in April to undergo treatment for cancer and died on Tuesday morning. The millionaire entrepreneur and philanthropist was born in New Zealand in 1938, mere months before the outbreak of World War II. According to a memoriam statement posted by Michael Hill International Limited, Sir Michael's first love was music. 'As a young man, he dreamt of becoming a concert violinist, however – at just 17 – he was told he had started too late to reach the pinnacle of his craft,' a spokesman wrote. Sir Michael was raised in Whangarei, on New Zealand's North Island, where he attended Whangarei Boys' High School until he was 16, at which point he elected to drop out. 'Forced to reconsider his future, he pivoted into the world of jewellery, joining his uncle's family-owned store in New Zealand.' Shortly after founding his own business alongside his wife Christine in 1979, Sir Michael decided they should expand into the Australian market. Michael Hill was originally focused on music but changed his tune later in life to the jewellery business. Picture: supplied 'What began as a job soon became a passion. Sir Michael had a natural gift for storytelling, a keen eye for visual merchandising and an instinct for attracting customers and a gift for selling,' the spokesman said. 'He won international awards for his window displays and revolutionised the store's advertising with bold, unconventional campaigns.' Michael Hill Chairman Rob Fyfe said Michael brought a 'deep sense of purpose' and an 'enduring curiosity, open-mindedness and creativity' to everything he did. Michael Hill International owns 302 stores globally across Australia, Canada and New Zealand. In 2024, the business earn revenue of almost $650m. Michael Hill's jewellery has been worn by some of the world's most famous celebrities, including Miranda Kerr and Kim Kardashian Tributes have begun to flow in celebration of Sir Michael and the legacy he has left behind. In a post on X, New Zealand Prime Minister Christopher Luxon said Sir Michael's 'aspiration, grit and determination to succeed not only built a globally recognised brand, but also inspired generations of Kiwi entrepreneurs to dream big. 'He built a brand from scratch and gave back to the country that he loved. May he rest in peace.' Sir Michael is survived by his wife of more than 60 years, Lady Christine, and their two children, Mark and Emma. Jack Nivison Cadet Journalist Jack began his journalism career as a freelancer for the New England Times, a small community paper based in Armidale, regional New South Wales. He is currently a Sydney-based Cadet Journalist at News Corp. Jack Nivison
The Australian
a day ago
- Business
- The Australian
ASX cautious ahead of inflation data to be released on Wednesday
Cautious traders lifted the ASX from an early fall on Tuesday but are still waiting for Wednesday's key CPI figure and US tariff fallout. The benchmark ASX200 eked out a small 6.9 or 0.08 per cent gain to 8,704.6 after falling by as much as 0.6 per cent on the open. The broader All Ordinaries also finished in the green up 3.20 points or 0.04 per cent to 8,966.70. Australia's dollar firmed marginally up 0.06 per cent to buy 65.25 US cents. Markets pared back early losses during Tuesday's trading. Picture NewsWire/ Gaye Gerard. On an overall quiet day of trading, seven of the 11 sectors finished in the green, led by energy, industrials and healthcare stocks. Woodside Energy gained 1.57 per cent to $26.60 and Santos jumped 2.06 per cent to $7.91 on the back of rising oil prices. Healthcare giant CSL gained 0.52 per cent to $272, Pro Medicus gained 0.86 per cent to $323.21 and Fisher Paykel Healthcare jumped 1.44 per cent to $33.78. It was a mixed day for the market heavyweight big four banks. Commonwealth Bank shares slipped 0.35 per cent to $174.29 while Westpac fell 0.06 per cent to $33.19. Offsetting the falls were gains from National Australia Bank which closed 1.17 per cent higher to $38.20 and ANZ which eked out a 0.03 per cent gain to $30.32. The initial excitement in the markets on the back of a US-EU trade deal over the weekend quickly died down as the White House announced a possible bounce in the tariff rate. Under the new plan the 'Rest of World', including Australia, could now face tariffs of 15 to 20 per cent, up from the 10 per cent initial base rate. senior financial market analyst Kyle Rodda said market excitement on the back of trade talks between the US and the EU was short lived. 'Wall Street failed to hold onto the post US-EU trade deal buzz but that's only because of the mountain of event risk that the markets confront in the coming days,' he said. 'The August 1 trade deadline loomed as potentially the biggest story of the week'. Seven of the 11 sectors finished higher on a quiet day of trading. Picture: NewsWire / Max Mason-Hubers But Mr Rodda pointed out that with deals worked out between the US and the EU, Japan and potentially China means markets attention will shift to macroeconomic figures and corporate earnings. Australia's key macroeconomic data comes out on Wednesday with the release of the quarterly CPI figures. Economists say a quarterly trimmed mean inflation rate between 2.6 and 2.7 per cent over the year, would fall in the RBA's target band of 2 to 3 per cent and open the door for further interest rate relief. In company news, shares in jeweller Michael Hill jumped 2.47 per cent to $0.42 on the bell after the business announced founder Sir Michael Hill died at age 86 earlier on Tuesday. 'To every endeavour he pursued, Michael brought a deep sense of purpose, an enduring curiosity, open-mindedness and creativity that challenged all of us to embrace ever more lofty goals and be unconstrained in our thinking – a legacy that will continue to inspire us,' Michael Hill chairman Rob Fyfe said in a statement to the ASX. Boss Energy continued its slump following the announcement of its result on Monday, dropping another 5.51 per cent to $1.80. The stock fell more than 40 per cent after warning the market it is unlikely to meet its production targets at its Honeymoon project in South Australia on the back of costs and concerns about the uranium quality. Shares in wagering company Tabcorp finished 1.31 per cent higher to $0.78 after Aware Super told the market it exited its stake on July 24 on the back of strong gains made earlier this year. Read related topics: ASX
News.com.au
a day ago
- Business
- News.com.au
‘Deeply saddened': Miranda Kerr's emotional statement after Sir Michael Hill's death
Miranda Kerr has issued an emotional statement paying tribute to Sir Michael Hill following his death at the age of 86. The Australian supermodel, who is an ambassador for his globally-renowned jewellery brand, told Stellar she was 'deeply saddened' by the news of his passing. 'I'm deeply saddened to hear of the passing of Sir Michael Hill,' Kerr said. 'He was a true visionary whose passion and creativity helped shape a brand that has brought joy to so many around the world. I feel incredibly honoured to be part of the brand he built with integrity, passion and heart. 'My love and deepest condolences go out to his family, friends and the entire Michael Hill team.' Sir Michael stepped down from his role on the board of his company in April to undergo treatment for cancer and died on Tuesday morning. The millionaire entrepreneur and philanthropist was born in New Zealand in 1938, months before the outbreak of World War II. Michael Hill Chairman Rob Fyfe said Michael brought a 'deep sense of purpose' and an 'enduring curiosity, open-mindedness and creativity' to everything he did. Michael Hill International owns 302 stores globally across Australia, Canada and New Zealand. In 2024, the business earned revenue of almost $650 million. Michael Hill's jewellery has been worn by some of the world's most famous celebrities, including Kim Kardashian Tributes have begun to flow in celebration of Sir Michael and the legacy he has left behind. In a post on X, New Zealand Prime Minister Christopher Luxon said Sir Michael's 'aspiration, grit and determination to succeed not only built a globally recognised brand, but also inspired generations of Kiwi entrepreneurs to dream big. 'He built a brand from scratch and gave back to the country that he loved. May he rest in peace.' Sir Michael is survived by his wife of more than 60 years, Lady Christine, and their two children, Mark and Emma.
Perth Now
a day ago
- Business
- Perth Now
Cautious investors lift ASX 200
Cautious traders lifted the ASX from an early fall on Tuesday but are still waiting for Wednesday's key CPI figure and US tariff fallout. The benchmark ASX200 eked out a small 6.9 or 0.08 per cent gain to 8,704.6 after falling by as much as 0.6 per cent on the open. The broader All Ordinaries also finished in the green up 3.20 points or 0.04 per cent to 8,966.70. Australia's dollar firmed marginally up 0.06 per cent to buy 65.25 US cents. Markets pared back early losses during Tuesday's trading. Picture NewsWire/ Gaye Gerard. Credit: News Corp Australia On an overall quiet day of trading, seven of the 11 sectors finished in the green, led by energy, industrials and healthcare stocks. Woodside Energy gained 1.57 per cent to $26.60 and Santos jumped 2.06 per cent to $7.91 on the back of rising oil prices. Healthcare giant CSL gained 0.52 per cent to $272, Pro Medicus gained 0.86 per cent to $323.21 and Fisher Paykel Healthcare jumped 1.44 per cent to $33.78. It was a mixed day for the market heavyweight big four banks. Commonwealth Bank shares slipped 0.35 per cent to $174.29 while Westpac fell 0.06 per cent to $33.19. Offsetting the falls were gains from National Australia Bank which closed 1.17 per cent higher to $38.20 and ANZ which eked out a 0.03 per cent gain to $30.32. The initial excitement in the markets on the back of a US-EU trade deal over the weekend quickly died down as the White House announced a possible bounce in the tariff rate. Under the new plan the 'Rest of World', including Australia, could now face tariffs of 15 to 20 per cent, up from the 10 per cent initial base rate. senior financial market analyst Kyle Rodda said market excitement on the back of trade talks between the US and the EU was short lived. 'Wall Street failed to hold onto the post US-EU trade deal buzz but that's only because of the mountain of event risk that the markets confront in the coming days,' he said. 'The August 1 trade deadline loomed as potentially the biggest story of the week'. Seven of the 11 sectors finished higher on a quiet day of trading. NewsWire / Max Mason-Hubers Credit: News Corp Australia But Mr Rodda pointed out that with deals worked out between the US and the EU, Japan and potentially China means markets attention will shift to macroeconomic figures and corporate earnings. Australia's key macroeconomic data comes out on Wednesday with the release of the quarterly CPI figures. Economists say a quarterly trimmed mean inflation rate between 2.6 and 2.7 per cent over the year, would fall in the RBA's target band of 2 to 3 per cent and open the door for further interest rate relief. In company news, shares in jeweller Michael Hill jumped 2.47 per cent to $0.42 on the bell after the business announced founder Sir Michael Hill died at age 86 earlier on Tuesday. 'To every endeavour he pursued, Michael brought a deep sense of purpose, an enduring curiosity, open-mindedness and creativity that challenged all of us to embrace ever more lofty goals and be unconstrained in our thinking – a legacy that will continue to inspire us,' Michael Hill chairman Rob Fyfe said in a statement to the ASX. Boss Energy continued its slump following the announcement of its result on Monday, dropping another 5.51 per cent to $1.80. The stock fell more than 40 per cent after warning the market it is unlikely to meet its production targets at its Honeymoon project in South Australia on the back of costs and concerns about the uranium quality. Shares in wagering company Tabcorp finished 1.31 per cent higher to $0.78 after Aware Super told the market it exited its stake on July 24 on the back of strong gains made earlier this year.
The Age
2 days ago
- Business
- The Age
A ‘true visionary': Renowned jeweller Michael Hill dies at age 86
Sir Michael Hill, the founder of one of the most prominent jewellery brands in Australia, has died at the age of 86. The Michael Hill company's board and executives announced the jeweller's death on Tuesday. 'Sir Michael was a celebrated jeweller, entrepreneur, philanthropist and committed father and husband who, with his wife Lady Christine, founded and grew Michael Hill from its humble beginnings in Whangarei, New Zealand to a global retail jewellery brand that spans Australia, New Zealand and Canada,' the statement read. Hill and his wife founded the jewellery brand in 1979, opening his first store in New Zealand. Since then, Michael Hill has grown into a cross-country enterprise, with 287 stores spanning New Zealand, Australia and Canada. The first Australian stores opened in 1980. Chairman of the company Rob Fyfe said Hill built a legacy that will continue to inspire. 'To every endeavour he pursued, Michael brought a deep sense of purpose, an enduring curiosity, open-mindedness and creativity that challenged all of us to embrace ever more lofty goals and be unconstrained in our thinking,' he said. Australian model Miranda Kerr, who became Michael Hill's first brand ambassador in April last year, called him a 'true visionary whose passion and creativity helped shape a brand that has brought joy to so many around the world'. 'I feel incredibly honoured to be part of the brand he built with integrity, passion and heart,' she said. 'My love and deepest condolences go out to his family, friends and the entire Michael Hill team.'
