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LONDON (Reuters) -Pandora, the world's biggest jewellery maker, said on Wednesday its performance since the start of the year has been "healthy" with high single-digit sales growth, as it announced a share buyback programme after a strong run. Pandora, which sells charm bracelets with prices ranging from $60 to more than $2,000, has been a rare bright spot among retailers and brands targeting aspirational consumers with affordable luxury items. The company aims for organic revenue growth of 6%-9% in 2024, it said, after reporting strong sales of its silver charms and bracelets which have helped its share price to more than double since the start of last year. ....
The Swiss watch and jewellery maker Swatch Group reported on Tuesday a full-year rise in net profit on strong demand for its luxury accessories, even though the strong franc took a toll. In 2023, net profit rose by 8.1% to 890 million Swiss francs ($1.02 billion), while sales increased by 5.2% to 7.9 billion francs despite impact of currency effects. Sales in Switzerland rose by 30% last year, while sales in the rest of Europe tended to be in the single-digit range. There were also double-digit ....