Pandora fires CEO as new jewelry fails to allure

Pandora’s leader government, Anders Colding Friis, is stepping down, the company stated on Thursday, simply days after caution of decrease gross sales and benefit margins this 12 months. As Francis Maguire reviews, stocks within the Danish jewelry maker, recognized for its silver allure bracelets, have plunged by means of greater than a 5th because the corporate decreased its gross sales and benefit margin steering for this 12 months and introduced plans to chop nearly 400 jobs on Monday.

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