Pandora A/S Chief Executive Officer Anders Colding Friis will step down after the once-high-flying Danish maker of charm bracelets fell to Earth.
The 54-year-old CEO’s plan to sustain growth at the world’s largest jewelry maker misfired after shoppers stopped flocking to its 2,500 stores, amassed across shopping malls and town centers in more than 100 countries during a two-decade expansion.
