Pandora fires CEO as new jewellery fails to charm

Pandora's chief executive, Anders Colding Friis, is stepping down, the firm said on Thursday, just days after warning of lower sales and profit margins this year. As Francis Maguire reports, shares in the Danish jewellery maker, known for its silver charm bracelets, have plunged by more than a fifth since the company lowered its sales and profit margin guidance for this year and announced plans to cut almost 400 jobs on Monday.

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