× About Jewelry News Watch News Blog Contact Map View FAQs Return Policy Shipping

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

Roberto Coin Tiny Treasures 18K White Gold & ...

US $580.00

Hyde Park Jewelery (..., Newport Beach

5 5/8 Carat Tourmaline & Diamond Ring in 14k ...

US $5,990.00

The Jewelry Exchange..., Tustin

14K White Chatham® Created Alexandrite & 1/8...

US $1,007.74

Medallion Jewelers, Portland

1/4 Carat Diamond Foreverest™ Pendant in Go...

US $425.00

The Jewelry Exchange..., Tustin

Popular Posts

The Goal Is To Feel Strong, Says 'Black Panther' Jewelry Designer

She's happy to see people "Taking chances" with their jewelry - breaking away from the "Dainty pair ...

read more

Necklace ~ Moissanite Ring Holder Necklace

Necklace Specifications:Stones: LUX MoissaniteColor: DEF - ColourlessShape: Rounds Chain : 16" ...

read more

10 jewellery pieces that are perfect for those who love emeralds

Rings, earrings, bracelets-these emerald jewellery pieces will help you bring an elegant touch to mo...

read more

Cartier enchants with new Magnitude high jewellery collection

Impactful is what defines Cartier's newest collection of high jewellery, Magnitude. Featuring neckla...

read more

Subscribe to our Newsletter

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