World-renowned jewellery company Pandora has purchased 37 franchise sites situated across the US and Canada with the aim of supporting its ambitious long-term growth.
The 37 stores in question have been bought from the high-end jewellery retailer Ben Bridge, who was the largest franchisee of Pandora in North America. Over the course of a to-date 12-year partnership, Ben Bridge has gone from having Pandora jewellery in its stores to opening standalone Pandora concept stores across five states and British Columbia in Canada.
Luciano Rodembusch, President of Pandora North America, said: “The US is Pandora’s largest market and key to achieve the growth ambitions of our Phoenix strategy. As a leading global jewellery brand we plan to increase market share in North America, and we continually look for opportunities for sustainable growth and to better serve our clients. We are thankful to continue working with Ben Bridge after many years, and we are confident this acquisition will help us achieve Pandora’s business goals.”
