
Passing Of Sir Michael Hill
It is with great sadness that Michael Hill announces the passing of our Founder and Non-Executive Director, Sir Michael Hill this morning.
The Board, Executive and all the Michael Hill team express their deepest and sincerest condolences to Michael's family and friends.
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 Whangārei, New Zealand to a global retail jewellery brand that spans Australia, New Zealand and Canada.
Sir Michael's first love was music and, as a young man, he dreamed of becoming a concert violinist. However, at just 17, he was told he had started too late to reach the pinnacle of his craft. Forced to reconsider his future, he pivoted into the world of jewellery, joining his uncle's family-owned store in New Zealand.
What began as a job soon became a passion. Sir Michael had a natural gift for storytelling, a keen eye for visual merchandising, an instinct for attracting customers and a gift for selling. He won international awards for his window displays and revolutionised the store's advertising with bold, unconventional campaigns.
'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,' says Rob Fyfe, Chairman of Michael Hill.
'Michael Hill, Jeweller' was much more than a Jeweller, founding the Michael Hill International Violin Competition, one of the most respected violin contests in the world, creating The Hills, one of New Zealand's most iconic golf courses and inspiring generations of New Zealanders through his books.
In the spring of 1964, Sir Michael met his wife Lady Christine, connecting over their shared appreciation for creativity, craftsmanship, and storytelling—foundational values that define the Michael Hill brand to this day. Sir Michael and Lady Christine married in 1965 forging a love affair and business partnership that lasted more than 60 years. A private memorial to celebrate the life of Sir Michael will be held in Arrowtown.
About Michael Hill
Michael Hill was founded by Sir Michael Hill in 1979 when he opened his first jewellery store in Whangarei, New Zealand. The Group currently has 287 stores globally across Australia, New Zealand, and Canada. The Group's global headquarters, including its wholesale and manufacturing divisions, are located in Brisbane, Australia. The Company is listed on the ASX (ASX: MHJ) and the NZX (NZX:MHJ).
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NZ Herald
an hour ago
- NZ Herald
The Government says it's fixing the cost of living, so what happens if voters don't believe it?
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Alongside Finance Minister Nicola Willis, he spoke for more than 10 minutes to mark the first anniversary of the Government's tax package coming into effect. He listed every other cost-of-living policy the Government had implemented since taking office. Finance Minister Nicola Willis and Trade Minister Todd McClay spoke about US tariffs yesterday. Photo / Mark Mitchell Again, there's nothing inherently wrong with reannouncing something old. Former Prime Minister Jacinda Ardern liked to mark anniversaries too. Some years, she'd put out a press release celebrating the fact that superannuation payments were increasing in line with wages - despite the fact that this annual increase is written into primary legislation. But Monday's announcement, coming as voters' economic sentiment bounces along the bottom and the country seems on the verge of rioting over the butter price, seemed vacuous. There was something ever so faintly Soviet about a Government thinking that, simply by telling voters it had a policy to fix their problems, they'd believe those problems were being fixed. There are two obvious pathways for how the next few months might pan out. The Government is clinging to several good forward economic indicators: business confidence surveys report okay-ish vibes from firms and suggest something of a recovery next year; the primary sector, far from being the villain of the butter crisis, is driving an export-led recovery in the regions; the Reserve Bank is likely to continue cutting interest rates, spurring investment and growth in 2026, giving Luxon an economic tailwind of good vibes and rising house prices in election year. The snow will soon melt, the ground will thaw, and New Zealanders may spend their summer holidays contemplating having endured the worst of it. Luxon and his colleagues may return to work in January, set the election date and wonder what on earth they were so worried about in winter. That's one scenario, sure. There's another. For every positive data point, there is an equally negative one. The Reserve Bank's GDP tracker suggests what every New Zealander feels in their bones: the economy has been shrinking, and could shrink further. A small recession, measured by the glib but powerful two-negative-quarters definition, could be on the cards. The most recent ANZ business confidence survey showed residential construction intentions tanking, to use the words of the bank's economists. If things continue to follow that negative trajectory, another scenario opens up: one of panic, as the once-distant prospect of a first-term defeat becomes more plausible. If the economy continues to worsen, and National's polling materialises into gloomy party vote numbers, don't entirely rule out a leadership change. A change is not 'on' - you'd be a fool to put money on it — but you'd also be a fool to bet against it. There's no real affection for Luxon in the caucus room, and National has little patience for underperformance, particularly from its leaders. Luxon's intense self-belief could count against him. He does not seem to observe that, of all his frontbenchers, he is the one who is struggling the most. Despite the whole Cabinet fighting fires on every front, National's ministers do a decent job of rebuffing their Labour opposite numbers during Question Time. Health Minister Simeon Brown has come under the most pressure, but has so far survived in the House. Chris Bishop seems unbothered by Kieran McAnulty and seemed to be enjoying himself on Thursday when he answered finance questions on behalf of Willis, who was away (the caucus enjoyed it too). Willis herself never breaks a sweat debating her opposite number, Barbara Edmonds. 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When the public demands 'something must be done', centre-left governments have no shortage of ideas for that 'something'. The National benches regularly look despondent during Question Time - as pictured here in March. Photo / Mark Mitchell For the right, recovery comes from automatic stabilisers like benefits doing their job, before the fiscal part of the Government gets out of the way of the monetary side, allowing the reduction of interest rates to encourage firms to borrow and invest. It's a less politically attractive recovery because it involves substantially less ribbon-cutting, but that doesn't make it any less sensible a strategy. Ultimately, however much a government tries to pump-prime an economy back to life with fiscal policy, eventually private firms will need to pick up some slack too - and that means low interest rates. Luxon, to his credit, has been explicitly articulating this as his vision for the economic recovery. Last month, he successfully rebuffed one of Hipkins' questions, noting that the construction sector was 'hit hard because of high interest rates. High interest rates happened because Government spending was out of control, and you let inflation get out of control'. Not bad. Grim economic times will always be tough for a government, but they needn't be as tough as these. Back in 2012, net migration to Australia was even higher than it is now and the unemployment rate, in September of that year, was higher than at any point in the past 25 years. Yet that economic malaise failed to find its way into politics. National's party vote polling peaked at 48.8% in October 2012, rising - strangely - in tandem with the unemployment rate. Prime Minister John Key's popularity was unassailable. A government can be popular when an economy is under strain. But that appears to require the public to have faith that the government has a plan to make things better. 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NZ Herald
20 hours ago
- NZ Herald
Offshore oil ban repeal: Coalition seeks consensus amid opposition
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Its managing director, Andrew Jeffries, said other countries had more political consensus, making New Zealand an even more unattractive option for investment. Act Party MP Simon Court said the repeal would restore certainty, credibility and confidence, but called on Labour not to reimpose the ban if it won power. 'Today marks the end of an era – a really bad one. It marks the end of a six-year reign of economic vandalism and energy illiteracy by the previous New Zealand Labour Government. 'Even the Honourable Shane Jones said at the time – bless his soul – that ending oil and gas exploration 'is the only scenario'. When he stood at that podium, I was shocked, but I'm pleased that minister has come to his senses – but profoundly disappointed that the Labour Party still has not.' Court's leader, David Seymour, said it was 'very possible that they won't find the gas, but the impediment to people getting cheaper energy should not be our own Government, and that's why I say if New Zealand First can change their mind then Labour should be able to do that too'.


The Spinoff
20 hours ago
- The Spinoff
The cost of being: An administrator who is ‘uncontrollable around a bougie food truck'
As part of our series exploring how New Zealanders live and our relationship with money, an administrator who who has spent most of their life on welfare explains what they spend their money on. Want to be part of The Cost of Being? Fill out the questionnaire here. Gender: Lady-coded. Age: 33. Ethnicity: Pākehā. Role: Administration. Salary/income/assets: $62,196 pa. My living location is: Rural. Rent/mortgage per week: $480 rent, split between myself and my partner. Student loan or other debt payments per week: $87.42 student loan, recently completely paid off a personal loan. Typical weekly food costs Groceries: Around $150 per week for two people according to my spreadsheets! I have a very well stocked pantry of staples. Eating out: $25 per person, weekly buffet dinner at a local cafe, then maybe $30 per person beer and kai on a Saturday or Sunday. Takeaways: Probably also around $25 per person, we do it a lot less since we moved way out of town! Workday lunches: $6 on Mondays, Wednesdays and Fridays for the $4 lunch at Otago Uni (the extra $2 is for a samosa for afternoon tea). Cafe coffees/snacks: $20 max – only go to cafes fairly rarely and when I do, I'm getting a lil treat. Savings: Try for between $200-300 a fortnight, but life finds a way. I worry about money: Sometimes. Three words to describe my financial situation: Safe – for now. My biggest edible indulgence would be: I am uncontrollable around a bougie food truck. In a typical week my alcohol expenditure would be: $20 (ya girl drinkin' top shelf). In a typical week my transport expenditure would be: My partner recently got a work vehicle so we're saving heeeaps. I put $10 on my Bee Card once a month. I estimate in the past year the ballpark amount I spent on my personal clothing (including sleepwear and underwear) was: Conservative estimate around $2000. Since getting a Real Job, I have decided to buy ethically made and well built clothing that will last a lifetime, either new or secondhand. Shit's expensive. My most expensive clothing in the past year was: Bought an incredibly sick matching jacket and jeans (black, contrast stitching) for around $550 all up. But buying a co-ord is actually like buying three new outfits so…. My last pair of shoes cost: $200 Allbirds, all black. Needed some nondescript shoes that can handle wet weather. My grooming/beauty expenditure in a year is about: I bought a $15 eyebrow gel and powder set five years ago that I am still using. I probably spend $50 total on Cetaphil face wash and moisturiser, then my shampoo and conditioner are $30 each, but only once a year-ish. I am very lucky that I never got into wearing makeup and have decent skin. My exercise expenditure in a year is about: $780 for gym membership, and I bought $60 Vans for lifting (flat shoes better) 2.5 years ago. My last Friday night cost: $30, a mere two pints and a soda. Most regrettable purchase in the last 12 months was: A pair of shorts that are borderline transparent. Most indulgent purchase (that I don't regret) in the last 12 months was: Aforementioned jacket/pant co-ord. One area where I'm a bit of a tightwad is: I'm not really in any area, sure I buy on sale/in bulk or whatever but I think quality is quality and generosity is its own reward. Five words to describe my financial personality would be: Should think more long term. I grew up in a house where money was: Scarce, mostly. I have spent most of my life on welfare, including the vast majority of my childhood. My mother never shielded us from the reality of the situation, only in the sense that I learned a lot of pragmatism and resilience from her. She told me often when I was young that you always pay your rent first – you can go to a food bank, and you can sit in darkness but you need to have a roof above all else. I grew up in a very supportive community, we were all mostly in the same situation, everyone watched each other's kids, you ate at whichever house you happened to be in at that time. Money was loaned without an expectation of exact repayment or on any time scale. When I went to uni and met rich people I was really shocked at how miserly they are! The last time my Eftpos card was declined was: Six months ago, at the dentist. It was the day before payday so my account was dry. In five years, in financial terms, I see myself: I am going back to school next year to train as a teacher, so I see myself as being stable and secure, probably not wealthy. My partner has a good job getting better, but hopefully in five years that'll all be going right down the drain to kids and a mortgage :) I would love to have more money for: The kind of clothing that they sell in shops where they kick you out if you ask what the price is. Describe your financial low: At one point I was supporting myself, my mother and my brother on just one person's sickness benefit due to immigration stuff.