Jewellery Maker Pandora Raises Guidance After Q1 Revenue Beat

The Pandora logo is seen in jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)
The Pandora logo is seen in jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)
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Jewellery Maker Pandora Raises Guidance After Q1 Revenue Beat

The Pandora logo is seen in jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)
The Pandora logo is seen in jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)

Danish jewellery maker Pandora on Wednesday raised its full-year revenue outlook after reporting results for the first quarter slightly above analyst forecasts. "We have started 2023 well with resilient growth and solid margins," Chief Executive Alexander Lacik said in a statement. "The macroeconomic outlook remains uncertain, but we are confident in our ability to adapt and thrive as we've proven over the past few quarters," Lacik added. The company now expects to generate organic sales growth between -2% and 3% this year, better than its earlier estimate of between -3% and 3%. Analysts expect 2% sales growth this year, according to a poll gathered by the company. Pandora, known for its customizable silver charms and bracelets, reported 1% organic sales growth for the quarter, above the -1% expected by analysts. The group's sales for the January-March period rose to 5.85 billion Danish crowns ($865.18 million) from 5.7 billion a year ago, compared to an average of 5.7 billion crowns expected by analysts in a poll gathered by the company.



Paris Fashion Week Outsider Highlights

US rapper A$AP Rocky presented his debut collection. Geoffroy VAN DER HASSELT / AFP
US rapper A$AP Rocky presented his debut collection. Geoffroy VAN DER HASSELT / AFP
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Paris Fashion Week Outsider Highlights

US rapper A$AP Rocky presented his debut collection. Geoffroy VAN DER HASSELT / AFP
US rapper A$AP Rocky presented his debut collection. Geoffroy VAN DER HASSELT / AFP

As well as the usual big-hitters at the menswear shows of Paris Fashion Week, there were some unexpected moments from emerging and avant-garde brands.
Here are a few highlights:
A$AP-style
A$AP Rocky, rapper and partner of Rihanna, launched a surprise with his first-ever clothing collection on Friday, said AFP.
The gangster vibes were strong, with models in balaclavas and luxury cars parked in the courtyard of a private hotel.
The rap elite were present, including Colombian icon Maluma, while Rihanna emerged in an evening dress and leather coat.
The clothes themselves combined baggy, XXL street wear plastered with the brand name American Sabotage AWGE.
The line may help with his legal fees -- he is currently facing prosecution for allegedly shooting his former friend Terell Ephron.
Rick Owens blockbuster
Rick Owens, the master showman of avant-garde art-fashion, excelled himself with his latest show, a homage to golden-era Hollywood historical epics at the Palais de Tokyo.
Instead of single-file, the models emerged in massed ranks, looking like a cross between fascist platoons, Ancient Roman processions and "Dune"-style otherworldly monks in their white gowns and hoods or pharaonic headdresses.
"It was a display of Rick's incredible talent and showmanship, creating a fashion moment that won't soon be forgotten," said Harrods buyer Simon Longland.
Beirenbonkers
Even by his own whacky standards, Walter Van Beirendonck pushed the limits of taste, with outfits that looked like pompom-laden devil clowns.
The Belgian veteran created oversized neon costumes, with smiley faces on hats and buttocks, little cardboard birthday hats, and twisted Joker-style smiles.
Not safe for work.
Friot's loud love
One new name creating buzz in France is young designer Jeanne Friot.
In a collection sponsored by Tinder, she stripped down gender codes with risque fishnet-dresses and fun innovations like a dress made entirely of belts, or another of tiny love-locks.
One model came out with the words "Love Louder" painted on his bare chest.
Backstage, the politically committed designer herself wore a T-shirt reading: "Why be racist, sexist, homophobic, transphobic when you could just be quiet?"