BlackRock Reduces Stake in Pandora Jewelry

BlackRock has lowered its stake in Pandora A/S, a jewelry company specializing in charms and carriers, other jewelry items, and related products. The group has 6,785 points of sale worldwide, with net sales distributed across various countries, including the US, UK, Italy, Germany, Spain, Mexico, France, Australia, and China.

BlackRock has recently reduced its stake in Pandora A/S, a prominent jewelry company known for its charms and carriers. The reduction comes as part of the ongoing financial restructuring and strategic initiatives at Pandora, which aims to position itself as a full jewelry brand. As of the latest announcement, BlackRock's holding in Pandora has decreased to 6,785,838 shares, corresponding to approximately 9.49% of the total voting rights and share capital [1].

Pandora has been actively executing a share buyback program, which began on February 5, 2025. The program is conducted in accordance with Regulation (EU) No 596/2014 on market abuse, ensuring transparency and compliance with European regulations [2]. This initiative is part of Pandora's broader strategy to enhance shareholder value and strengthen its financial position.

The reduction in BlackRock's stake follows a series of announcements regarding changes in the company's board of directors. On July 14, 2025, Pandora called for an Extraordinary General Meeting, nominating Lars Sandahl Sørensen as a new board member. Deputy Chair Christian Frigast will not stand for re-election at the 2026 Annual General Meeting [3]. These changes reflect Pandora's commitment to maintaining a strong and experienced board to guide the company through its strategic evolution.

Additionally, Pandora reported a 7% organic growth in Q1 2025, driven by a 6% Like-for-like (LFL) growth and a 4% network expansion. The company continues to execute its Phoenix strategy, which aims to diversify its product offerings and expand its market presence [4].

References:
[1] https://pandoragroup.com/investor/news-and-reports/company-announcements
[2] https://pandoragroup.com/investor/news-and-reports/company-announcements
[3] https://pandoragroup.com/investor/news-and-reports/company-announcements
[4] https://pandoragroup.com/investor/news-and-reports/company-announcements