The fast-casual chain partnered with Anna Sheffield’s Bing Bang NYC brand on a capsule collection and it’s a little “extra.”
Head of Pandora Americas to Step Down Next Month
Scott Burger served in the role for almost six years and had been with the jewelry brand for 10.
Copenhagen--Pandora A/S announced Thursday that Scott Burger, who has headed the Americas market for five and a half years, will step down next month.
The company said it already has begun looking for his replacement and expects to name a president for Pandora Americas, which has its headquarters in Baltimore, in the second quarter.
In the meantime, Pandora CEO Anders Colding Friis will oversee the region.
Burger was named president of Pandora Americas--which encompasses the United States, the Caribbean and Latin America--in August 2012. Prior to that, he spent a year as the company’s chief financial officer and about four years as its chief operating officer.
During his early years with Pandora, the brand enjoyed a symbiotic relationship with independent jewelers in the United States; the jewelers relied on the inexpensive bead brand to help get them through the recession and Pandora, in turn, saw huge growth in the market.
In the last few years, however, Pandora’s plans have changed. The company has pulled its merchandise from thousands of U.S. independents in favor of opening company-owned and -operated concept stores or shop-in-shops in order to have more control over its brand, leaving many independents feeling like they were treated unfairly.
Over the past few quarters, the company has seen U.S. sales slip, dinged in part by the decline in mall traffic and by other affordable jewelry brands being “increasingly promotional,” it said.
Meanwhile, the news about Burger’s departure came as a small paragraph at the end of a larger company announcement about the resignation of Pandora Chief Financial Officer Peter Vekslund, who will leave the company after about four years as CFO.
Board member Anders Boyer, 47, will resign from the board at the company’s annual general meeting in March and take over as CFO later this year.
Boyer currently is the CFO of Hempel A/S, a manufacturer of coatings. Vekslund will remain with Pandora until Boyer can assume the position, which is expected to be no later than Aug. 1.
Pandora is scheduled to release its annual report on Feb. 6.
Ahead of that, the company reported preliminary results for 2017 in a separate announcement also made Thursday.
Pandora said global sales totaled 22.8 billion DKK ($3.71 billion), a 12 percent year-over-year increase but below
CEO Friis said it was a “challenging” year for Pandora due to in part to the “difficult” retail climate in the U.S.
The company opened a net of 308 concept stores over the course of the year, slightly above its initial guidance of 300.
The Latest

The diamond and tanzanite bracelet was inspired by the waves of the Italian gulf near Genoa.

De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.

The home improvement store’s website features an “Empowerment Tools” demi-fine jewelry collection.


The show will feature a new pavilion of 30 jewelry designers and manufacturers from Surat, India.

A government official said search crews “found the needle in the haystack” when they located the capsule belonging to Rio Tinto along an 870-mile stretch of road.

De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.

Amanda Gizzi welcomes February with a selection of amethyst jewelry, a birthstone that “deserves its own time to shine.”

Behind the playful and nostalgic brand lies deeper meaning.

The Time Century Jewelry Center is located in downtown Miami’s jewelry district.

Wariness about the year ahead offset a more positive view of the current economic situation.

It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.

The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.

The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.

Industry veteran Kevin Lane has stepped into the role.

The ancient Egyptian teenager was buried 2,300 years ago with 49 amulets to guide him through the afterlife.

The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.

Nominations are open now through March 24.

A column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.

Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.

Executives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.

The Victorian-inspired design is a functional lock and key.

For over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.

The trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.

The Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.

It will be located in San Antonio’s Alamo Quarry Market and will be Lee Michaels’ third location in the city.