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Shares of Pandora grew due to interest from funds
Shares of Pandora A/S grew in Copenhagen after it became known that private equity funds are considering the purchase of this Danish manufacturer of jewelry, Bloomberg reports.
Shares of Pandora A/S grew in Copenhagen after it became known that private equity funds are considering the purchase of this Danish manufacturer of jewelry, Bloomberg reports.
Company’s stocks gained 10%. This is the highest growth since the beginning of August. KKR and Bain Capital are among funds considering the purchase and viewing it as a great opportunity.
Until Tuesday, Pandora’s shares lost more than 60% of its value from peak levels in May of 2016 as bracelet’s producers encountered with weak retail sales in the US and competition on behalf of cheap Chinese import.