Pearl Necklace

Monday, April 16, 2018

The Pandora brand reached an agreement to acquire a 100% stake in Pan ME A / S, which was responsible for the distribution of Pandora products in the Middle East, Diamondworld.net reported. To complete this transaction, it is necessary to fulfill a number of conditions. As a result of the transaction, the jewelry brand will directly sell its products in the markets of the UAE, Bahrain, Qatar and Oman. Sales of Pandora will be carried out in 10 stores in the UAE and three distribution stores in Bahrain, Qatar and Oman. The income of Pan ME A / S in 2013 was $ 16.6 million.
Sales of Pandora products in the Middle East were started in 2010. The company expects to establish a head office in Dubai to organize the supply of products to the countries of the Middle East and North Africa.

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