Alexander Lacik

Pandora exceeds full-year guidance after strong Q4 sales

Pandora has revealed that its results for 2023 su expectations following an organic growth of 8% for the full-year, exceeding the “5 or 6%” growth forecast in November. The company’s Q4 2023 organic growth accelerated to +12% boosted by like-for-like growth of +9%. Key markets in Europe remained solid at…

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Pandora ups guidance amid double digit growth

Pandora has increased its full-year organic growth guidance range to between a 5% and 6% increase, up from a 2% to 5% increase as a result of a strong Q3. The company’s organic growth was up 11% like-for-like for Q3 with growth increasing 9%. Alongside this, Pandora’s EBIT margin landed…

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Pandora raises revenue guidance amid strong store sales

Pandora has upped its revenue guidance for the year to between DKK 34-36bn (£4.2-4.5bn) after seeing a spike in store sales. As part of its Phoenix strategy, Pandora plans to scale up its investments to accelerate revenue growth, brand desirability and store network. This will include building its position as…

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Pandora raises full-year revenue guidance as sales jump 5%

Pandora has delivered “robust” results in Q2 2023 as it saw its sales jump 5% and total revenue increase to DKK 5,894m (£675.35m). As a result, the retail jeweller has now updated its organic growth guidance range to +2% to +5%, which was previously -2% to +3%. LFL growth in…

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Pandora launches three new lab-grown diamond collections

Pandora has announced the expansion of its lab-grown diamonds assortment with the launch of three new collections. The new collections include Pandora Nova, Pandora Era and Pandora Talisman. Pandora Nova features round brilliant or princess cut stones and introduces a proprietary four-prong setting that reveals more of the diamond. Pandora…

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Pandora appoints new chief of retail operations

Pandora has appointed Massimo Basei as the company’s new chief of retail operations from 1 April 2023. Basei is promoted from general manager, Southern Europe, Middle East and Africa and will report to CEO Alexander Lacik and serve on Pandora’s Executive Leadership Team. Pandora also announced that its nine market…

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Pandora celebrates 100% renewable energy usage for lab-grown collection

Pandora has announced that it has further improved the process of its lab-created diamond collection, Diamonds by Pandora. The collection, which was initially launched in the UK in 2021 as ‘Pandora Brilliance’, is now being crafted with diamonds that are grown, cut and polished using 100% renewable energy and have…

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RJC executive director steps down amid ongoing Russia conflict

The Responsible Jewellery Council’s (RJC) executive director, Iris Van der Veken, has reportedly resigned from her role following the organisation’s handling of Alrosa’s membership during the Russia-Ukraine war. According to Rapaport News, Van der Veken handed in her resignation letter to the board of directors on Wednesday (30 March) as…

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Pandora ends membership with RJC after refusal to suspend Russian companies

Pandora has announced it is ending its 12-year membership with the trade association Responsible Jewellery Council (RJC) after its “failure to suspend Russian companies’ memberships and responsible business certifications and urge its members to suspend business with Russia”. It comes after Pandora had previously requested that RJC take such actions.…

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LGDs are the future, despite the backlash

“They are as much a symbol of innovation and progress as they are of enduring beauty and stand as a testament to our ongoing and ambitious sustainability agenda,” said Alexander Lacik, CEO at Pandora, upon releasing the group’s first lab-grown diamond (LGD) collection. However, the global jewellery retailer went beyond…

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