The Pandora story
1982-1999: The early years
It all started in 1982. In a small jeweller’s shop in modest surroundings in Copenhagen, Denmark, Danish goldsmith Per Enevoldsen and his wife Winnie began the journey of what would one day become Pandora.
From the beginning, they often travelled to Thailand in search of jewellery for importing. As the demand for their products increased, their focus gradually shifted towards wholesale to clients in Denmark.
In 1987, after several successful years as wholesalers, the retail activities were discontinued and the company moved to larger premises. Meanwhile, the first in-house designer joined the company and Pandora began to focus on creating its own unique jewellery. In 1989, the company decided to start manufacturing its jewellery in Thailand.
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In 2000, Pandora’s charm bracelet concept was first launched in the Danish market. Consumers embraced the concept, and in the following years, driven by growing demand, the company began to expand internationally, entering new markets such as the United States in 2003 – today the company’s largest market – and Germany and Australia in 2004.
Over the following years, Pandora rapidly expanded its market presence from a Scandinavian platform to an international marketing and sales platform driven mainly by third party distributors and strong production capabilities in Thailand.
In 2005, Pandora opened a large scale crafting facility in Gemopolis, a jewellery industry zone outside Bangkok. Since then, we have expanded our operations, most recently in 2017 where we opened a crafting facility in Lamphun near Chiang Mai in Northern Thailand and in 2018 when we opened the Triple A facility in Gemopolis.
In 2008, Axcel acquired 60% of Pandora, and two years later, in 2010, Pandora was listed on the NASDAQ OMX Copenhagen Stock Exchange.
Pandora operates and manages a vertically integrated business model from in-house design and production to global marketing and direct distribution in most markets. Pandora’s products are available in more than 100 countries on six continents through around 7,400 points of sale, including more than 2,700 concept stores.
Pandora employs more than 26,000 people, of whom more than 11,500 are located in Thailand.