A fire broke out at Pandora’s European distribution center, located in Hamburg, Germany.
In an Oct. 31 press release the company said the blaze had been extinguished and that “access to the premises is possible.” No injuries were reported.
The Copenhagen-based company stated: “The jewellery inventory is intact, and we expect distribution will be back to normal in a few weeks. In the meantime stock for Pandora stores in Europe will to the furthest possible extent be fulfilled by our Thailand distribution centre to ensure business continuity. Online sales continue unaffected through external distribution partners.
“The initial assessment is that Pandora stores in Europe hold inventory to sustain sales until the European distribution centre is expected to be operational again.”
Pandora stated that it is insured against business interruption.
“The potential impact on revenue and thereby business interruption insurance is being assessed,” the company noted.
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Pandora jewelry is sold in more than 100 countries through 6,400 points of sale, including more than 2,400 concept stores.
Honoring a Legacy: How Smith & Son Jewelers Exceeded Every Goal With Wilkerson
When Andrew Smith decided to close the Springfield, Massachusetts location of Smith & Son Jewelers, the decision came down to family. His father was retiring after 72 years in the business, and Andrew wanted to spend more time with his children and soon-to-arrive grandchildren.
For this fourth-generation jeweler whose great-grandfather founded the company in 1918, closing the 107-year-old Springfield location required the right partner. Smith chose Wilkerson, and the experience exceeded expectations from start to finish.
"Everything they told me was 100% true," Smith says. "The ease and use of all their tools was wonderful."
The consultants' knowledge and expertise proved invaluable. Smith and his father set their own financial goal, but Wilkerson proposed three more ambitious targets. "We thought we would never make it," Smith explains. "We were dead wrong. We hit our first goal, second goal and third goal. It was amazing."
Smith's recommendation is emphatic: "I would never be able to do what they did by myself."
