Pandora, Bronze medal in the Global Jewelry Market
It all started 30 years ago, in 1982.
It all started 30 years ago, in 1982. In a small jeweller’s shop in modest surroundings in Copenhagen, Denmark, Danish goldsmith Per Enevoldsen and his wife Winnie began the journey of what would one day become PANDORA. From the beginning, they often travelled to Thailand in search of jewellery for importing. As the demand for their products increased, their focus gradually shifted towards wholesale to clients in Denmark.
In 1987, after several successful years as wholesalers, the retail activities were discontinued and the company moved to larger premises. Meanwhile, the first in-house designer joined the company and PANDORA began to focus on creating its own unique jewellery. In 1989, the company decided to start manufacturing its jewellery in Thailand.
In 2000, PANDORA’s charm bracelet concept was first launched in the Danish market. Consumers embraced the concept, and in the following years, driven by a growing and encouraging demand, the company began to expand internationally, entering new markets such as the United States in 2003 – today the company’s largest market – and Germany and Australia in 2004.
Over the following years, PANDORA rapidly expanded its market presence from a Scandinavian platform to an international marketing and sales platform driven mainly by third party distributors and strong production capabilities in Thailand.
In order to increase production capacity, PANDORA opened a large scale, six-story fully-owned manufacturing facility in Thailand in 2005, which still forms a central part of the current production and infrastructure. In 2008, a second manufacturing facility was opened in the same area, followed by the third and fourth facilities in 2010, further strengthening the unique production setup. In 2008, Axcel acquired 60% of PANDORA, and two years later, in 2010, PANDORA was listed on the NASDAQ OMX Copenhagen Stock Exchange.
PANDORA operates and manages a vertically integrated business model from in-house design and production to global marketing and direct distribution in most markets. PANDORA’s products are sold in more than 90 countries on six continents through approximately 9,600 points of sale, including approximately 1,400 Concept stores.
PANDORA employs over 12,400 people, of whom 8,600 are located in Gemopolis, Thailand, where the company manufactures its jewellery. The company announced that the Global pandora Capital Investors day will be in Thailand January 2016.