21/04-2017 14:57:36: (E-PNDORC.BTSE, PNDORA.CPH) PANDORA ENTERS INDIAN MARKET WITH FIRST CONCEPT STORE
MEDIA RELATIONS INVESTOR RELATIONS
Kristian Lysgaard Magnus Thorstholm Jensen
Director, Corporate Communications Vice President, Head of Investor Relations
+45 7219 5774 +45 7219 5739
Investor Relations Officer
+45 7219 5344
firstname.lastname@example.org of Mr. Vikram Bakshi a
pioneer of modern retail in India.
PANDORA designs, manufactures and markets hand-finished and contemporary
jewellery made from high-quality materials at affordable prices. PANDORA
jewellery is sold in more than 100 countries on six continents through around
8,100 points of sale, including more than 2,100 concept stores. Founded in 1982
and headquartered in Copenhagen, Denmark, PANDORA employs more than 21,500
people worldwide of whom around 12,400 are located in Thailand, where the
Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq
Copenhagen stock exchange in Denmark. In 2016, PANDORA's total revenue was DKK
20.3 billion (approximately EUR 2.7 billion).
For more information, please conompany exclusive distribution rights for PANDORA jewellery in India. PANDORA
plans to open around 50 concept stores across the country over the next three
years with an initial focus on Delhi, Mumbai and Bangalore. Around five stores
are scheduled to open in 2017.
ABOUT PAN INDIA
Pan India is owned by three business partners, Vikram Bakshi, David Hudson and
Thomas Bay. David Hudson, a British citizen, has been responsible for
establishing several companies in India, G4S, the largest security provider in
India being one of them. Thomas Bay is a former Counsel General at the Danish
Embassy in UAE and a founding partner of Panmeas (the original PANDORA
distributor in UAE, Bahrain, Qatar and Oman). The business in India shall be
operated by Devika Bakshi and Kanika Talwar, dathe
world and sells affordable high-quality jewellery in more than 100 countries.
The new concept store, which is owned and operated by PANDORA.s distribution
partner Pan India Charms & Jewellery Private Limited (Pan India), is located in
the `Mall of India., in the Noida area of Delhi.
Commenting on the announcement, David Allen, PANDORA.s President of EMEA said:
.Entering one of the largest jewellery markets in the world is an integral part
of our strategy to increase our global footprint, bringing our brand closer to
our consumers around the world. We are thrilled and very excited to start this
journey with our partner and distributor, to establish the PANDORA brand in
In January, PANDORA signed a letter of intent with Pan India which granted the
PANDORA ENTERS INDIAN MARKET WITH FIRST CONCEPT STORE
PRESS RELEASE: The new concept store is located in the `Mall of India., in the
Noida area of Delhi and is the first of around 50 concept stores to be opened
in India over a three year period.
Copenhagen, 2017-04-21 14:57 CEST (GLOBE NEWSWIRE) -- PANDORA, the leading
international jewellery manufacturer and retailer, enters one of the largest
jewellery markets in the world, with the official opening of the first PANDORA
concept store in India which took place on Wednesday, 19 April.
This represents a significant milestone for the company and is part of
PANDORA.s successful overall strategy of expanding its branded network
globally. Today, the Company has more than 2,100 concept stores around
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