Bevilles Jewellers
| Bevilles Jewellers | |
| Private | |
| ISIN | 🆔 |
| Industry | Retailing |
| Founded 📆 | 1943 (Melbourne, Australia) |
| Founder 👔 | |
| Headquarters 🏙️ | Melbourne, Australia |
Number of locations | 21 (as at October 2018)[1] |
Area served 🗺️ | Australia |
Key people | Michelle Beville (CEO) |
| Products 📟 | Jewellery |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Bevilles Jewellers is a jewellery retailer in Australia. The company is run by CEO Michelle Beville. As of 2018, Bevilles operated 21 stores across Victoria, New South Wales, and South Australia.
History
1930s
Bevilles has a history of creating jewellery dating back to 1934. Leo Beville and his wife Rae began trading in Bourke Street, Melbourne, as a homeware retailer selling products such as blankets, chests, chandeliers, saucepans, and dinner sets.
1950s
In the early 1950s, jewellery and diamond rings were introduced into the product line at Bevilles.
1970s
In the late 1970s, Leo's son Keith and his wife Deirdre further expanded the business and opened a store at Knox City.
1990s
Since the late 1990s, Keith and Deirdre’s children, Michelle and Gary, further expanded the business.
2010s
In January 2013, six stores in Victoria – Doncaster, Greensborough, Southland, and Moorabbin DFO – and one store in South Australia – Elizabeth and Marion – were slated to close, but only one store (Moorabbin DFO, Victoria) successfully broke its lease.[2]
In April 2014, Bevilles entered voluntary administration[3] but announced one month later that the Beville family had reacquired the business.[4]
The first creditors' meeting was to be held on May 11, 2014.[5]
In 2013, Bevilles began the rollout of its new, smaller jewellery-only format stores, which were tested at Highpoint shopping centre in Melbourne and Liverpool in Sydney.[6]
The company moved to a new head office on Coventry St, South Melbourne, in 2014 after spending decades on Collins St, in Melbourne’s CBD.[7]
In 2013, Indian jewellery company Tara Jewels formed a "strategic alliance" with Bevilles, but in 2017, they acquired a 49 per cent stake in Bevilles, with the Beville family retaining a 51 per cent stake. A statement was released explaining that the two companies made a "strategic alliance" in 2013; however, it was always intended that this would be converted into an “equity partnership” when the timing was right.[8]
References
- ↑ Bevilles Family History Page, [1]
- ↑ https://www.smh.com.au/business/companies/bevilles-enters-voluntary-administration-20140402-35xcq.html
- ↑ https://www.smh.com.au/business/companies/bevilles-enters-voluntary-administration-20140402-35xcq.html
- ↑ https://www.jewellermagazine.com/Article/7594/Indian-company-to-acquire-stake-in-Bevilles-jewellers
- ↑ https://www.smh.com.au/business/companies/bevilles-enters-voluntary-administration-20140402-35xcq.html
- ↑ https://www.insideretail.com.au/news/new-era-bevilles-201409
- ↑ https://www.insideretail.com.au/news/new-era-bevilles-201409
- ↑ https://www.jewellermagazine.com/Article/7594/Indian-company-to-acquire-stake-in-Bevilles-jewellers
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