Success sparkles after testing start

Posted: October 1, 2012 at 5:12 am


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Kat Gee admits to being "very green" when she kick-started her jewellery business Kagi.

The year was 2006, she was 24, full of great ideas for design, and leapt in to a world dominated by old men, old thinking and gold and diamonds.

Over the years Gee has had to pull on her large stores of inner strength to develop the business, especially when she began to face unsustainable losses when her business loan ran out.

It was at that point she sat down and crunched the numbers, while looking at the company's core competencies and what people loved about the product.

She developed an innovative and cost-effective approach to jewellery, such as asking "why pay silver's high prices when stainless steel looks like silver, is more resistant and durable and under half the price".

With help from her successful entrepreneurial father Bill Gee (who founded garaging company Spanbild), fashion consultant Dianne Ludwig, her fiance Geoff Neil, and others, she formed several key philosophies.

These have included being truly customer focused, pre-testing designs and strategies before release, sticking to a small range of 150 bestsellers, and pricing the jewellery affordably.

Jewellers were resistant to Kagi's affordable price points and feared it would cannibalise their stock. However, Gee and her team won over the retailers and became many stores top performing brand.

The business, based in Newmarket, Auckland, has grown phenomenally quickly. Kagi was placed in the 2011 Deloittes Fast 50, and recently ran a show at NZ Fashion week. Gee was a finalist in the Ernst and Young Entrepreneur of the Year 2012.

Kagi is distributed in 220 stores across Australasia, and intends to be in 250 stores by March next year.

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Success sparkles after testing start

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October 1st, 2012 at 5:12 am

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