Pandora opens new distribution centre in Canada
The new facility will handle Pandora's growing Canadian online business and reduces the company's exposure to US tariffs
Pandora Ceases Monthly Trading Updates
Pandora has since December 2020 issued six extraordinary trading updates to provide shareholders and financial markets with additional information on revenue development, while many of the company's stores have been temporarily closed due to the COVID-19 pandemic.
Pandora has previously communicated that the company will cease issuing these updates when less than 15% of the stores are temporarily closed. Today, around 10% of Pandora's stores are temporarily closed. As a consequence, Pandora will no longer issue monthly trading updates.
About Pandora
Pandora is the world's largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED-certified facilities in Thailand. Pandora is committed to leadership in sustainability and will use only recycled silver and gold in its jewellery by 2025 and halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 23.4 billion (EUR 3.1 billion) in 2021.