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 ENTERS INDIAN MARKET WITH FIRST CONCEPT STORE
PRESS RELEASE: The new concept store is located in the `Mall of India', in the Noida area of Delhi and is the first of around 50 concept stores to be opened in India over a three year period.
Copenhagen, 2017-04-21 14:57 CEST (GLOBE NEWSWIRE) -- PANDORA, the leading international jewellery manufacturer and retailer, enters one of the largest jewellery markets in the world, with the official opening of the first PANDORA concept store in India which took place on Wednesday, 19 April.
This represents a significant milestone for the company and is part of PANDORA's successful overall strategy of expanding its branded network globally. Today, the Company has more than 2,100 concept stores around the world and sells affordable high-quality jewellery in more than 100 countries.
The new concept store, which is owned and operated by PANDORA's distribution partner Pan India Charms & Jewellery Private Limited (Pan India), is located in the `Mall of India', in the Noida area of Delhi.
Commenting on the announcement, David Allen, PANDORA's President of EMEA said:
"Entering one of the largest jewellery markets in the world is an integral part of our strategy to increase our global footprint, bringing our brand closer to our consumers around the world. We are thrilled and very excited to start this journey with our partner and distributor, to establish the PANDORA brand in India."
In January, PANDORA signed a letter of intent with Pan India which granted the company exclusive distribution rights for PANDORA jewellery in India. PANDORA plans to open around 50 concept stores across the country over the next three years with an initial focus on Delhi, Mumbai and Bangalore. Around five stores are scheduled to open in 2017.
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 6,400 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.