Lacklustre demand for its jewellery hampers Pandora’s turnaround
Shine is off the high-profile brand relaunch after jeweller warns of a steeper-than-expected fall in sales
05 November 2019 - 17:08
Copenhagen — Attempts to turn around struggling jewellery maker Pandora by new CEO Alexander Lacik are being hampered by subdued consumer spending in key markets such as the US and mainland China, and by political unrest in Hong Kong.
The company’s shares fell more than 17% on Tuesday after it warned of a steeper-than-expected fall in sales this year, just months after a high-profile relaunch of the brand...
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