Pandora takes over its Spanish distributor

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18 September 2017 à 11h57

Updated on 10 May 2019 à 17h38

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2 minutes

Publication: 18 September 2017 à 11h57, Updated on 10 May 2019 à 17h38

Reading time: 2 minutes

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Publication

18 September 2017 à 11h57

Updated on 10 May 2019 à 17h38

Reading time

2 minutes

Publication: 18 September 2017 à 11h57, Updated on 10 May 2019 à 17h38

Reading time: 2 minutes

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In August, the Danish charm-bracelet retailer Pandora A/S signed an agreement to acquire 100% of City Time, which owns the distribution rights for Spain, Gibraltar and Andorra markets and posted sales of€94 million in 2016. This €110 million-deal should be finalised by Q4 2017. City Time’s retail business includes 51 fully owned stores, 15 franchise stores and a wholesale business offering in 500 points of sale. Pandora will also absorb 500 employees, a regional office plus a distribution...

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