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Share Sid Keswani (pictured), who served as president of Pandora’s North American division starting in 2018, left the charm-maker at the end of April to become the president of Centric Brands, a lifestyle brands collective. “Sid handed over the market in great shape, and we are grateful for his contributions over the years,” Pandora spokesperson Johan Melchior tells JCK. “Work to find Sid’s successor is ongoing, and we will communicate on this in due time.” North America is Pandora’s largest market, and the United States accounted for 31% of the brand’s revenue in the first quarter of 2021. The U.S. market delivered a “very strong performance” in the quarter, particularly on Valentine’s Day, the company said recently. ....
Dive Brief: The brand collective and licensing specialist tapped Sid Keswani as president of Centric Brands. Keswani previously served as president of jewelry retailer Pandora s North American division, according to a press release. Centric Brands also added Bain & Co. adviser Ruth Hartmanman to its board. Hartmanman previously was president of Lord & Taylor, overseeing digital, merchandising, stores and marketing. Dive Insight: Centric Brands CEO Jason Rabin touted the operational and digital chops of Keswani and Hartman as the company works to execute on its strategic growth initiatives. Rabin said of Hartman, Ruth has a great deal of knowledge and experience in the digital space that can help us capitalize on one of our key growth initiatives of expanding our online revenue. Prior to Lord & Taylor, Hartman was chief merchant of online clothing rental specialist Le Tote (which acquired Lord & Taylor in 2019 before filing for bankruptcy last year). ....
The sports betting operator reports a wider than expected loss. DraftKings raised its guidance for the full financial year on Friday. DraftKings Inc. (NASDAQ: DKNG) said on Friday its revenue posted a close to 200% growth in the fiscal first quarter. The company, however, reported a wider than expected loss in Q1 that more than quadrupled on a year over year basis. 1. Financial performance DraftKings noted £247.62 million of net loss in the first quarter versus the year-ago figure of a significantly lower £58.71 million. The Los Angeles-based firm valued its revenue at £223.31 million in Q1 that represents an annualised increase of 252.65. Are you looking for fast-news, hot-tips and market analysis? ....