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De Beers Sight Still On Despite Travel Ban
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De Beers’ upcoming sight in Botswana will still take place despite the country’s ban on arrivals from the US, China, India and Belgium, the miner has confirmed.“While this is an extraordinary situation and COVID-19 has...
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Rough Markets
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Mar 18, 2020
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Joshua Freedman
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Pandora Chairman Quits Amid Reshuffle
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Pandora chairman Peder Tuborgh is set to leave the Danishjewelry maker. This comes just one month after the company appointed veteranconsumer-brand executive Alexander Lacik as its new CEO. These significant leadership changes form...
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Retail
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Mar 14, 2019
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Rapaport News
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Pandora Sales Rise as Store Network Grows
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Pandora’s revenue grew 21 percent to $2.9 billion (DKK 20.28billion) last year as the jeweler expanded its network of branded stores.The number of Pandora-branded retail locations, known asconcept stores, increased by 336 to 2,138 in 2016, the company...
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Retail
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Feb 08, 2017
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Rapaport News
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Pandora Lifted by Asia-Pacific Growth
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Pandora reported revenue and profit grew strongly in thethird quarter as Asia-Pacific sales rocketed and new collections were wellreceived.Revenue increased 18 percent to $683.1 million (DKK 4.61billion) and net profit leapt 40 percent to $208.1 million,the...
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Retail
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Nov 01, 2016
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Rapaport News
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Pandora Eyes China Breakthrough via Online Entry
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Pandora has launched on Alibaba’s ecommerce platformTmall.com, as the Denmark-based jeweler aims to break into the Chinese market.Internet retailing, which grew 53 percent last year, is gainingtraction in China because of faster internet, improved payment security andincreasing...
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Retail
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Oct 18, 2016
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Rapaport News
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Pandora Sales Rise Across All Regions
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Pandora reported revenue surged 20 percent to $648 million(DKK 4.33 billion) in the second quarter driven by higher sales volume whileprices were mostly stable. In local currency terms, revenue increased 25percent, the Denmark-based jeweler said.Growth...
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Retail
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Aug 10, 2016
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Rapaport News
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Pandora ‘Acquitted’ in Court Case over Company Announcements
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Pandora said it had been acquitted on all accounts by theEastern High Court in Copenhagen in a case relating to the Denmark-basedjeweler’s downward adjustment of revenue growth expectations in August 2011.The district court in Glostrup, Denmark, found thecompany should have...
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Financial-Legal
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Feb 25, 2016
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Rapaport News
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Pandora’s Sales +40% in 2015
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Pandora reportedpreliminary revenue surged 40 percent to $2.44 billion (DKK 16.7 billion) overthe year to December 31, in line with its guidance released in November.A “tailwind” from foreign-exchange rates of about 11percent was one percentage point...
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Retail
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Jan 10, 2016
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Rapaport News
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Pandora’s 3Q Revenue +37%, Ring Sales +79%
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Jewelry retailerPandora’s revenue jumped 37 percent to $563.7 million (DKK 3.9 billion) year onyear in the third quarter that ended September 30. The increase was 28 percentin local currency, the Danish group said in a statement...
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Retail
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Nov 11, 2015
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Rapaport News
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