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. Source

Popular products near you

Popular Posts

White Gold Moissanite Engagement Ring Set MOI-7145S

This interlocking diamond wedding set features a solitaire engagement ring with round moissan...

read more

Chanel encounters a “crush” with reinvented jewelry collection

French fashion house Chanel is looking for love and liberation with its reimagined Toi et Moi ring f...

read more

Curations: Lucky Spring blooms for Van Cleef & Arpels, with new jewellery creations inspired by ...

It has become a yearly tradition for Van Cleef & Arpels to celebrate the season of rebirth by unveil...

read more

Gorgeous Diamond Jewelry For April Birthdays

Do April birthdays have it best? With diamonds as their birthstone, they just might. Our selection o...

read more

Subscribe to our Newsletter

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