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Pandora Selloff Hits $7 Billion as a Horrible Year
Posted by: BillyKovacs
Date: December 26, 2018 02:32AM
The world’s biggest jewelry maker had another very bad day on the stock exchange, bringing lost market value this year to almost $7 billion.

pandora store online Shares in Pandora A/S, which is based in Copenhagen, plunged 12 percent on Wednesday after brokerage Carnegie warned clients to brace for bad news in the fourth quarter, and for a “tough” 2019.

pandora disney au A spokesman for Pandora declined to comment. The company dropped its long-term sales target last month and is due to present its 2019 outlook in connection with its annual report, on Feb. 5.

pandora bracelet charms sale The Danish company, which makes mid-priced baubles such as bracelets and necklaces, has struggled in both the U.S. and China, two of its most important markets. Carnegie says there’s little evidence things are improving. With the latest market selloff, the company is now worth less than $5 billion, compared with $18 billion at its peak in 2016.

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