Pandora ramped up franchise store acquisitions during Q1

Pandora ramped up franchise store acquisitions during Q1

In the first quarter of the year Pandora acquired 17 franchise stores, mainly located in the UK. According to the jewellery giant’s Q1 report, the business continued to expand its retail network and globally added 48 new owned and operated concept stores, which included the acquisition of 17 franchise stores, predominantly from the UK In March alone Pandora took over six stores in the region. All in all, revenue growth for the company increase by 6% in local currency for Q1 2018 This was mainly driven by EMEA as Asia Pacific experienced a slowdown mainly due to lower growth in China.

A commercial plan to strengthen the Chinese business is now being implemented. In the EMEA, revenue soared by 16% in local currency, compared to the same period in 2017 The brand attributes this growth to strong performances in Italy, France and Germany However, the brand reported that the UK remains a “challenging retail. More

Popular products near you

Popular Posts

Décor, Collectibles, Vintage Fashion & Jewelry

169 ItemsSale #20DCC634. Décor, Collectibles, Vintage Fashion & Jewelry. 8 ...

read more

A 102-carat 'perfect' diamond could become the most expensive ever sold to online bidder at ...

Sotheby's is set to auction off a 102-carat diamond that could become the most expensive jewel ever ...

read more

Cartier Wedding Band Gold

Cartier Wedding Band Gold. Gold Diamond Wedding Ring · Cartier Trinity Band Ring &midd...

read more

Freeform Boulder Opal pair featuring Peacock Green and Blue colours set in 18k white gold ...

Freeform Boulder Opal pair featuring Peacock Green and Blue colours set in 18k white gold earrings w...

read more

Subscribe to our Newsletter

Get the best news about jewelry and watch industries, products and services