Lower sales: People walk in front of a Pandora shop in Rome. The company expects sales to grow 4 to 7 in local currencies this year, down from a forecast of 7 to 10. — Reuters
COPENHAGEN: Pandora A/S’ chief executive officer Anders Colding Friis will step down after the world’s biggest jewellery maker earlier this week lost almost a quarter of its market value following a profit warning.
Colding Friis, 54, will leave as of Aug 31. The Copenhagen-based company has started a search for a replacement, while it also hired former Body Shop CEO Jeremy Schwartz as chief operating officer. The shares rose more than 10% in early trading yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
