Pandora shares climb 10% as jewellery sales rise      

Meanwhile, Michael Kors owner, Capri, cut its annual profit forecast and provided a dour outlook for 2024

Pandora, which aims to triple its sales in China compared to 2019 levels, postponed a branch relaunch there last year.

Danish jewellery maker and retailer Pandora reported better-than-expected fourth-quarter results and record annual sales, sending its shares up more than 10%, although it predicted uncertainty around sales in 2023.

"We ended 2022 on a high note. Despite the macroeconomic pressure on consumers and Covid-19 headwinds in China, we continue to deliver solid growth vs pre-pandemic levels," chief executive Alexander Lacik said.