Jewellery Maker Pandora’s Q3 Profit Falls Less Than Expected, Raises Sales Outlook 

People walk past a Pandora jewelry store in a Hollywood shopping center on October 26, 2023 in Los Angeles, California. (Getty Images/AFP)
People walk past a Pandora jewelry store in a Hollywood shopping center on October 26, 2023 in Los Angeles, California. (Getty Images/AFP)
TT

Jewellery Maker Pandora’s Q3 Profit Falls Less Than Expected, Raises Sales Outlook 

People walk past a Pandora jewelry store in a Hollywood shopping center on October 26, 2023 in Los Angeles, California. (Getty Images/AFP)
People walk past a Pandora jewelry store in a Hollywood shopping center on October 26, 2023 in Los Angeles, California. (Getty Images/AFP)

Danish jewellery maker Pandora on Wednesday reported a third-quarter operating profit above expectations and raised its full-year sales outlook.

Operating profit fell to 920 million crowns ($132 million)from a year-earlier 978 million, against a mean forecast in an analyst poll published by Pandora of 875 million, on organic sales growth of 11%.

Pandora said it now expected full-year organic sales growth of 5%-6%. Its previous forecast was for 2-5% growth. It maintained a full-year operating profit margin forecast of around 25%.



Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition

Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition
TT

Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition

Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition

Saudi Arabia’s Fashion Commission launched on Tuesday the “Traditional Handcrafts Revival in Saudi Fashion” competition to promote traditional Saudi attire and emphasize Saudi cultural heritage.

The competition, launched in alignment with the Ministry of Culture’s Year of Handicrafts 2025, aims to boost and preserve Saudi cultural identity, while fostering local talent in the realm of creative design.

The competition will equip participants to acquire advanced knowledge about traditional fashion design and Saudi handcrafts, bolstering technical and creative design skills and gaining a deeper understanding of Saudi heritage and architecture.

The winning design will be announced on February 16 and displayed at the Fashion Commission’s exhibition at the Saudi Cup 2025 in celebration of Saudi Founding Day.

Participants will attend a five-day workshop led by expert professionals, with the workshops covering four key areas: traditional fashion design, Saudi heritage and architecture, fashion handcrafts, and creative fashion skills.

Participants are invited to create distinctive fashion pieces that incorporate elements and characteristics reflective of local traditions and design artistry in the Saudi culture.

Following the creative process, participants will submit their creations to be assessed by a specialized panel of experts selected by the Royal Institute of Traditional Arts (Wrth).

The Traditional Handcrafts Revival in Saudi Fashion competition seeks to enhance awareness of traditional handcrafts in the Kingdom, preserve Saudi cultural identity, and develop local talent in the field of creative design by providing training and guidance opportunities to participants throughout the whole duration of the competition.