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The international jewellery industry is an ever-changing landscape. ANGELA HAN reflects on Michael Hill’s acquisition of Bevilles.
There is little doubt the past 10 years have led to significant change in the Australian jewellery landscape – yet analysis of the data by Jeweller shows a number of surprising trends and stories.
Kevin Stent/Stuff Hard hit by Covid, US-based Reading Cinemas has ‘’monetised’’ a major piece of land on the Auckland industrial market. Cinema company Reading International has sold a huge parcel of light industrial land in South Auckland, making a bumper profit. The 28.5 hectare parcel of industrial land in Wiri near Auckland Airport was sold for $77.1 million to 100 Prices Rd, a company linked to prominent retailers Anne and David Norman,. Reading reaped a US$41m (NZ$58.45m) gain from the sale after costs, saying the property sold for well above its book value of US$13.5m and “...