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The two groups profiled below are involved in the retail of jewellery. Check the current market valuations of the
two companies and their evolution in recent years. Clare's was featured in a recent article in the Economist for its excellent
business performance. How has Michael Hill Jeweller performed?
Read what Warren Buffet, one of the world's leading investors, has to say about the Jewellery business in relation to
Borsheim's - a company that he has invested in.
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Clare's Stores
For frugal, fashion-conscious teen and preteen girls, Claire's Stores is the queen of costume jewelry, handbags, and
hair bows typically priced from $2 to $20. Claire's operates about 3,000 boutiques, primarily in malls, that include Claire's,
The Icing, Bijoux One, and Cleopatre, among others. The chain operates in all 50 US states, Canada, Europe, Puerto Rico, the
UK, and the Virgin Islands. Claire's Stores has sold its Mr. Rags operation, which offered apparel for boys. The Schaefer
family is the company's majority shareholder and controls about one-third of Claire's voting power.
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Michael Hill Jeweller
Michael Hill International operates Michael Hill Jeweller – a retail jewellery chain catering principally for the
middle section of the jewellery market, with 158 stores between Australia, New Zealand and Canada as at 28 July 2005. The
Company also specialises in higher priced diamond jewellery. The Company had its origins in 1979 when Michael Hill opened
the first store in the New Zealand town of Whangarei, some 160 kilometres north of Auckland.
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