Pandora
- Pandora jewelry is made from the highest quality, ethically sourced, 14k gold, 18K gold-plated sterling silver, sterling silver and Pandora Rose metals, and every single stone is hand set by a dedicated and skilled team of craftsmen.
- Pandora is free, personalized radio that plays music you'll love. Discover new music and enjoy old favorites. Start with your favorite artist, song or composer.
- Pandora radio is the personalized internet radio service that helps you find new music based on your old and current favorites. Create custom web radio stations, listen free.
Play the songs, albums, playlists and podcasts you love on the all-new Pandora. Sign up for a subscription plan to stream ad-free and on-demand. Listen on your mobile phone, desktop, TV, smart speakers or in the car. Pandora radio is the personalized internet radio service that helps you find new music based on your old and current favorites. Create custom web radio stations, listen free.
Type | |
---|---|
Nasdaq Copenhagen: PNDORA | |
Industry | |
Founded | 1982; 39 years ago |
Founder | Per Enevoldsen |
Headquarters | , Denmark |
7,092 (2020) | |
Area served | Worldwide |
| |
Revenue | DKK19.0 billion (2020) |
DKK2.684 billion (2020) | |
DKK1.938 billion (2020) | |
Total assets | DKK19.984 billion (2020) |
Total equity | DKK7.389 billion (2020) |
26,000 (2020) | |
Website | pandoragroup.com |
Footnotes / references Financial Reporting |
Pandora Music
Pandora A/S (often styled PANDORA) is a Danish jewellery manufacturer and retailer founded in 1982 by Per Enevoldsen.[1] The company started as a family-run jewellery shop in Copenhagen.
Pandora is known for its customizable charm bracelets, designer rings, necklaces and (now discontinued) watches. The company has a production site in Thailand and markets its products in more than 100 countries on six continents with more than 7,000 points of sale.
History[edit]
Pandora Music
Pandora was founded in 1982[2] by Danish goldsmith Per Enevoldsen and, his then-wife, Winnie Enevoldsen. The pair began on a small scale by importing jewellery from Thailand and selling to consumers.[3]
In 1987 the company ended its retail operations and became a pure wholesaler; two years later Enevoldsen hired in-house designers and established a manufacturing site in Thailand, where it is still located. With low production costs and an efficient supply chain, the Enevoldsens could provide affordable, hand-finished jewellery for the mass market. Pandora's collection grew to include an assortment of rings, necklaces, earrings and watches. It started selling its signature charm bracelets in 2000 after several years of development, protected by a patent.[4]
The Danish private equity group Axcel bought a 60% stake in the company from the Enevoldsen family in 2008. Shares totalling DKK 9.96 billion(US$ 1.84 billion) were sold in an IPO in October 2010, one of the biggest IPOs in Europe that year, giving Pandora a market capitalisation of around DKK 27 billion.[5] The company is publicly listed on the NASDAQ OMX Copenhagen Stock Exchange in Denmark and is a component of the OMX Copenhagen 20 index.
Pandora became the world's third-largest jewellery company in terms of sales, after Cartier and Tiffany & Co.[3] In 2011, more than one piece of Pandora jewellery was sold every second on average.[6]
Shares fell nearly 80% in 2011 after a shift in focus to higher-end designs alienated core customers, but performance recovered after a return to the more affordable mass market, with the group reporting revenue of DKK 11.9 billion and net profit in excess of DKK 3 billion in 2014.[7] In 2020 and due to the Covid-19 pandemic, 80% of Pandora's 2,700 stores around the world were closed. However, the company kept paying to all its staff in full, even for those who used to work in the closed stores.[8]
In early May 2021, Pandora announced the company would phase out mined diamonds in favor of gems manufactured in a laboratory. The new diamond jewelry will first be sold in the United Kingdom before being sold globally in 2022.[9]
Pandora is largely recognized for their collaborations with other companies and their tacky cheap jewelry.
Distribution network[edit]
Sales of the Pandora brand began in Europe and it first entered North America in 2003. The company opened concept stores around the world before its franchising model began in Australia in 2009.[6]Pandora products are sold in more than 100 countries on six continents through approximately 7,800 points of sale, including approximately 2,400 concept stores.[10] The company employs over 22,300 people, of whom 13,200 are located in Gemopolis, Thailand, the company's sole manufacturing site since 1989.[11]
Pandora launched an online sales platform in Europe in 2011, and began working to expand its e-commerce to the majority of its markets including Australia.[12]
Europe and the United States accounted for nearly 90% of group sales in 2014. The group announced a Chinese distribution deal in 2015, with plans to increase store numbers to 'a couple of hundred' in China.[7] In 2015, it bought out Oracle Investment's shares in its Chinese distribution service.[13]
Toronto, Fairview Mall Branch
Hong Kong, YOHO Mall Branch
References[edit]
- ^http://www.jewellermagazine.com/Article.aspx?id=234
- ^'https://pandoragroup.com/about/pandora-in-brief/the-pandora-story'. Pandora. Retrieved 2020-11-24.External link in
|title=
(help) - ^ abRachlin, Natalia (6 December 2011). 'A Danish Fairy Tale Gone Awry'. New York Times.
- ^Lieber, Chavie (23 August 2016). 'The Charmed Life of Pandora'. Racked. Vox Media. Retrieved 24 August 2016.
- ^Arnold, Martin (5 October 2010). 'Pandora shares leap on Copenhagen debut'. Financial Times.
- ^ abBitti, Mary Teresa (22 January 2014). 'How Pandora Jewellery grew to become a mega global brand'. Financial Post.
- ^ abBarrett, Claer; Paton, Elizabeth (17 February 2015). 'Pandora's jewellery earnings charm the market'. Financial Times.
- ^'Pandora paying all staff in full through pandemic'. BBC News. 2020-11-08. Retrieved 2020-11-10.
- ^Mellor, Sophie (2021-05-04). 'World's biggest jewelry giant shifts to lab-produced diamonds as millennials shun mined gems'. Fortune. Retrieved 2021-05-05.
- ^'PANDORA | About PANDORA - Jewellery Brand Values and History'. PANDORA. Retrieved 2016-11-16.
- ^Pandora A/S. 'PANDORA A/S NOTICE OF EXTRAORDINARY GENERAL MEETING'. GlobeNewswire News Room.
- ^Katarina Gustafsson (11 November 2014). 'Pandora Seeks to Tap 'Hopeless' Male Shoppers With Web Expansion'. Bloomberg.
- ^'PANDORA ENTERS INTO STRATEGIC ALLIANCE IN CHINA', 17 February 2015. Nasdaq Globe Newswire. Accessed 19 February 2016.
External links[edit]
Wikimedia Commons has media related to Pandora (jewellery). |
She’ll be a grandma! Lisa Vanderpump‘s daughter, Pandora Vanderpump Sabo, is pregnant with her first child.
The Next Generation! See'Vanderpump Rules' Stars' Babies
Read articlePandora Kaaki
The Vanderpump Rulesstar’s daughter, 35, announced the news on Saturday, August 7, when she debuted her baby bump on the pink carpet alongside her mother, 60. They attended the 5th Annual World Dog Day in West Hollywood, California, which benefits the Vanderpump Dog Foundation, where the mom-to-be serves as marketing president.
Her baby bump was on display thanks to her fitted navy dress with a floral print. Pandora had avoided showing her midsection on social media for several months leading up to the reveal.
© Provided by US Weekly Grandma-To-Be! Lisa Vanderpump's Daughter, Pandora, Is PregnantThe LVP Sangria founder said she and her husband, Jason Sabo, “are beyond thrilled.”
She continued, telling The Daily Mail, “It is such a blessing after such a difficult year for everyone. We are so excited about this new chapter in our lives.”
Video: Lisa Vanderpump's Daughter Pandora Is Pregnant With Her First Baby (E! News)
The baby is expected to arrive sometime in the winter, but Pandora noted that she and Jason, who married in 2011 on an episode of Bravo’s The Real Housewives of Beverly Hills, are keeping the sex a surprise.
‘Vanderpump Rules’ Cast: Then and Now
Read articleHer mother is thrilled that a baby is on the way. “Ken and I are overjoyed and are so happy for Pandora and Jason,” the Overserved With Lisa Vanderpump host told the outlet. “It’s such wonderful news and has been such a difficult secret to keep.”
The London native revealed that she won’t be going by Grandma Lisa, either. “We can’t wait for the new baby to arrive and I’m so excited to become Nanny Pinky,” she added.
Lisa has been vocal about wanting grandchildren but also not pressuring her kids.
“People are saying ‘Would you put pressure on them?’ I absolutely wouldn’t because it’s got to be them that’s got to raise the child. And it’s got to be them that’s gonna be up [with the baby],” she explained to The Daily Dish in 2019. “And it’s gotta be the time in your life when you’re ready for it. I think they’re kind of prepared, but I think Jason’s been traveling a lot. So I think they want that to slow down a little bit [first].”
Many of the women in Lisa’s life are starting their journey as moms this year. Several Vanderpump Rules cast members, both past and present, welcomed babies in the first half of 2021.
Cruz! Hartford! Vanderpump Rules' Babies' Cutest Playdate Photos
Read articleFormer star Stassi Schroeder and husband Beau Clarkwelcomed their little girl, Hartford Charlie Rose Clark, on January 7. On March 15, current Pump Rules cast member Lala Kent gave birth to daughter Ocean Kent Emmett, whom she shares with fiancé Randall Emmett. Jax Taylor and Brittany Cartwright, who announced their exit from the Bravo reality show in December 2020, met son Cruz Michael Cauchi on April 12. Scheana Shay and boyfriend Brock Honey Davies‘ daughter Summer Moon Honey Davies was born on April 26.