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Pandora Surges as Jewelry Charms Market (1 pregled) (1) Gost
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TEMA: Pandora Surges as Jewelry Charms Market
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Pandora Surges as Jewelry Charms Market prije 4 Mjeseci, 1 Tjedan Karma: 0  
STOCKHOLM—Shares in Danish jewelry maker pandora charms on sale canada soared more than 15% on the Copenhagen exchange early Tuesday as the company launched a share buyback program and announced a new focus on the Chinese market.

The company, known for its charm bracelets, on Tuesday posted a 40% rise in fourth-quarter sales and said net profit rose to 1.01 billion Danish kroner ($154 million), compared with 739 million kroner in the same period of 2013. The company said it would buy back shares for 3.9 billion kroner in 2015.

Pandora leather bracelet sale said it expected revenue in 2015 to increase by 17% compared with 2014, with optimism fueled by what it described as a strategic alliance in China. The company said it has signed an agreement with Hong Kong-based Oracle Investment about a joint distribution of its jewelry in China.

“China is a huge opportunity for disney pandora bracelet canada. It is the largest jewelry market in the world, and our business there today is tiny,” said Allan Leighton, chief executive in a statement. “With this new collaboration with Oracle we gain direct access to and control over this highly attractive market, which will enable us to ramp up our presence there significantly over the next few years.”

Mr. Leighton took the helm in 2013, continuing a strategy of freshening the product line, revamping the retail footprint and broadening pandora earrings rose gold canada reach through new markets and online retailing.
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