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Jewelry Maker Loses Its Sparkle
Pandora CEO quits as shares tumble from a 2016 high
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Anders Colding Friis is set to leave Pandora A/S shares almost 50 percent lower than when he started in 2015. The 54-year-old, whose tenure ends Aug. 31, saw the stock climb 57 percent to a peak in 2016. Earlier this week the world’s biggest jewelry maker lost almost a quarter of its market value when it cut its 2018 profit forecast.