Jewellery Maker Pandora Says Organic Sales Could Rise or Fall This Year

Jewels are seen in a Pandora jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)
Jewels are seen in a Pandora jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)
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Jewellery Maker Pandora Says Organic Sales Could Rise or Fall This Year

Jewels are seen in a Pandora jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)
Jewels are seen in a Pandora jewellery shop in downtown Rome, Italy, August 7, 2018. (Reuters)

Danish jewellery maker Pandora expects organic sales growth between -3% and 3% this year, it said on Wednesday as it reported fourth-quarter earnings above analysts' expectations.

Analysts had expected the organic growth forecast to come in at 1% on average.

"We ended 2022 on a high note. Despite the macroeconomic pressure on consumers and COVID-19 headwinds in China, we continue to deliver solid growth vs. pre-pandemic levels," Chief Executive Alexander Lacik said in a statement.

Pandora reported quarterly sales of 9.9 billion Danish crowns ($1.43 billion), above an average forecast of 9.6 billion in a poll of analysts compiled by the company.

It proposed a dividend of 16 crowns per share and a new share buy-back program of 2.4 billion crowns, with an intention to increase that to 5 billion unless macroeconomic conditions worsen, it said.



Valentino’s New Designer Showcases History and Drama at Couture Debut in Paris

 A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)
A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)
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Valentino’s New Designer Showcases History and Drama at Couture Debut in Paris

 A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)
A model wears a creation as part of the Valentino Haute Couture Spring Summer 2025 collection, that was presented in Paris, Wednesday, Jan. 29, 2025. (AP)

Alessandro Michele’s Valentino couture debut was the most anticipated ticket of Paris Couture Week, and the designer didn't disappoint with a lavish spectacle at the Palais Brongniart, a fittingly historic backdrop for his past-meets-present storytelling.

Known for his “more is more” aesthetic, Michele delivered a VIP-filled show on Wednesday brimming with historical reverence, theatricality, and his signature offbeat twists.

Michele, who previously spent nearly eight years redefining Gucci with his eclectic maximalism, has long drawn inspiration from history. It's an obsession that traces back to his childhood in Rome, where he would rummage through his mother’s closet, captivated by the textures of bygone eras.

His tenure at Gucci transformed the brand into a powerhouse of layered nostalgia and offbeat opulence, making his appointment at Valentino — a house steeped in aristocratic elegance — both a natural evolution and a challenge.

His arrival was a significant shift from Valentino's former designer Pierpaolo Piccioli, who was celebrated for his pared-down romanticism.

The opening look set the tone: a harlequin-patterned gown of enormous proportions, fusing the whimsy of the circus with regal splendor.

Full skirts billowed with 18th-century grandeur against a stark black runway, while ’70s-inspired ruffles added his distinctive vintage-inflected edge. A standout floral gown, evocative of Marie Antoinette, received the New Romantics treatment, a nod to the late ‘70s and early ’80s era that has long fascinated the designer.

Though the collection largely played to Michele’s strengths, with exuberance tempered by couture-level precision, some elements felt overdone. A polka dot jacket with an oversized bow veered into twee territory, an example of how his fondness for embellishment can sometimes tip into excess. Yet, the overall balance leaned toward refinement, with a relative restraint compared to his past work at Gucci.

Michele’s couture debut reaffirmed his reputation as a designer who finds beauty in historical excavation.