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At the time, 60 per cent of its shops were in Australia and greater than 80 per cent of MHI’s revenue and income were generated outside of New Zealand. However, even the buy-back program was saddled with strict conditions, including that retailers can be charged a dealing with payment. The over-stocking drawback elevated to such an extent that, in August 2019, the corporate took the extraordinary step of buying again jewellery from stockists for smelting.
On the opposite hand, Silvershop, which was founded in 1999, has now expanded to seven shops in Queensland making it a small chain.
India’s CPD…