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Pandora Plans `Reset' in Bid to Shore Up Investor Confidence

  • Jeweler cuts its outlook and abandons long-term sales goal
  • Management says it will cut back store acquisitions, expansion
Bloomberg business news
Pandora cut its outlook and said it still hasn’t found a CEODaybreak: Europe." (Source: Bloomberg)
Updated on

Pandora A/S has come undone again.

The Danish charm bracelet seller plans a “reset” after cutting its outlook and abandoning a long-term sales goal. The company said it’s scaling back acquisitions of franchised stores and focusing new openings on promising markets like China, as it looks for a new chief executive officer.