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Pandora CEO says producing jewelry in America ‘simply won’t work’: ‘I can’t find that amount of talent that actually has this craft experience in the U.S.’

Fortune LogoFortune1d ago

Pandora CEO says producing jewelry in America ‘simply won’t work’: ‘I can’t find that amount of talent that actually has this craft experience in the U.S.’ - Fortune

Quick Summary:

The U.S.jewelry company employs nearly 15,000 Thai workers to produce its charm bracelets and rings.

While the company provides its stores in Canada and Latin America with jewelry shipped to its Baltimore distribution center, it is now working to rejig its deliveries directly to those countries without having to pass through the U.S.

The jewelry company—the largest maker in the world by volume—last month said the impact of the taxes would be worth 1.2 billion kroner ($182 million) annually, costing 700 million kroner ($68 million) in 2025.


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Pandora CEO says producing jewelry in America ‘simply won’t work’: ‘I can’t find that amount of talent that actually has this craft experience in the U.S.’ - Fortune (Picture 1)

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 17:07:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 656 words

Reading Time: 4 minutes read

Sentences: 6 lines

Sentence Length: 110 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28475298

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Official Website: fortune.com

Update Frequency: 51 posts per day

Year Established: 1929

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News Last Updated: 9 hours ago

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