Pandora news and archive

BFC and Pandora unveil trophy design for Fashion Awards 2024

The British Fashion Council (BFC) has unveiled a new trophy for its annual Fashion Awards, highlighting the industry's evolving commitment to artistic innovation and environmental responsibility. Designed by Jade Adeyemi, a rising British-Nigerian interdisciplinary artist, this year's trophy for the December 2nd event at the Royal Albert Hall...

Business|Interview Featured

All about lab-grown diamonds: Why are they a more sustainable option?

While called many things - lab-grown diamonds, man-made diamonds, and lab-created diamonds, among others - upon seeing manufactured diamonds, there’s no way to differentiate them from their natural counterparts. The fact these these diamonds were not made in nature, also doesn't mean they aren't real. Thanks to the use of new technology, several...

Business

Pandora delivers like-for-like growth of 7 percent

Pandora reported third quarter organic growth of 11 percent, comprising like-for-like (LFL) growth of 7 percent, network expansion of 5 percent and negative 1 percent from phasing of sell-in to partners and other. The company said in a statement that LFL growth in key European markets was 4 percent, the US remained solid at 6 percent while the...

People

Berta de Pablos-Barbier joins Pandora as chief marketing officer

Pandora has appointed Berta de Pablos-Barbier, formerly CEO of the champagne brand Moet & Chandon (LVMH), as chief marketing officer. She will now report to the house’s CEO, Alexander Lacik. The new recruit will be responsible for continuing the strategy undertaken by Pandora since 2021, aimed at boosting its visibility on a global scale and...

Business

Pandora completes shift to use entirely recycled silver and gold

Jewellery specialist Pandora has officially completed its mission to utilise 100 percent recycled silver and gold in its crafting process. The shift means the company has achieved what it had initially set out to do earlier this year as part of a wider transformation of its entire precious metals supply. From now onwards, the company said all of...

Fashion

Pandora named official jewellery partner of LFW, reveals partnership with Ahluwalia

Jewellery specialist Pandora has been named the official jewellery partner of London Fashion Week in what the brand said is a continued investment into the industry and “commitment to empowering tomorrow’s generation of designers and creatives”. This September, Pandora is to join forces with the British Fashion Council (BFC) and will be present...

Business

Pandora reports strong Q2, raises full year outlook

In the second quarter, jewellery brand Pandora recorded an organic growth of 15 percent, comprising like-for-like (LFL) growth of 8 percent, network expansion of 6 percent and 1 percent phasing of sell-in to partners and other. For 2024, the company raised its forecast for organic growth to between 9 to 12 percent, while the EBIT margin guidance...

Business

Pandora achieves LFL sales growth of 11 percent

In the first quarter, Pandora delivered organic growth of 18 percent which consisted of LFL growth of 11 percent and network expansion of 5 percent. The company’s organic growth guidance is upgraded to 8 to 10 percent against prior outlook of 6 to 9 percent, while the EBIT margin guidance remains unchanged at around 25 percent. Commenting on the...

People

Pandora names new chief commercial officer

Danish jewellery brand Pandora has promoted Massimo Basei to chief commercial officer (COO), effective from April 1. Basei, who is currently chief of retail operations, has been promoted to COO to support Pandora’s growth strategy Phoenix and to drive “operational excellence across Pandora's more than 100 markets,” explained the jewellery brand...

Retail

Pandora plans wide scale retail expansion following ‘strong’ Q4

Jewellery specialist Pandora has unveiled a major retail expansion for the coming year after it reported a strong “growth” period throughout Q4 of 2023. Over 2024, the retailer is planning to open between 75 and 125 concept stores, as well as 25 to 50 owned and operated other points of sale. As such, it forecasted its capital expenditure (CAPEX)...

Business|Jewellery

Pandora reports “strong” growth in Q4 2023

Danish jewellery brand Pandora has reported “strong” trading for the holiday season, as sales in the fourth quarter gained 12 percent to 10.82 billion Danish kroner for the three months ended December 31, 2023. In a statement, Pandora revealed broad-based like-for-like growth in Q4 across all markets. Growth in Europe remained solid at 5...

Fashion |Jewellery

Pandora shifting to recycled silver and gold for all jewellery

Pandora, the world’s largest jewellery brand, is shifting its precious metals supply to only source recycled silver and gold for all its jewellery. In a statement, Pandora said using recycled materials instead of newly mined silver and gold will mean that the jewellery company will avoid 58,000 tons of CO2 every year. The shift means it will...