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At the time, 60 per cent of its shops have been in Australia and greater than 80 per cent of MHI’s income and profits had been generated outdoors of New Zealand. The over-stocking downside increased to such an extent that, in August 2019, the company took the extraordinary step of buying again jewelry from stockists for smelting. Following a six-year run of meteoric progress, the company began closing accounts in Australia and New Zealand; during 2011 alone, more than 100 stockists had their accounts closed as Pandora entered a “new business phase in Australasia”.
A strong model helps a company’s …