From administration to $65m acquisition: Behind Bevilles’ turnaround

Behind the acquisition of Bevilles by Michael Hill Jeweller. Bigstock.
Behind the acquisition of Bevilles by Michael Hill Jeweller. (Source: Facebook)
Run by the same family for almost 90 years, jewellery chain Bevilles was recently acquired by Michael Hill Jeweller in a $45.1 million deal, which was completed yesterday. The acquisition marked another milestone in the decade-long turnaround of Bevilles, which is now expected to generate over $60 million in revenue by the end of the financial year. Opening its first store on Bourke St in Melbourne’s CBD 1934, Bevilles was in dire straits 80 years later, with the business collapsing in April,

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