In 2024, Grenardi Group continued its journey as the leading jewellery retailer in the Baltics, consolidating the strong foundation built during previous years of rapid growth. The year was marked by steady business development, including the successful launch of the first public bond program and the acquisition of the GOLDLIGHT retail network. While maintaining a deliberate focus on operational stability and integration, we remained committed to embedding sustainability into our long-term strategy, ensuring that business growth is aligned with responsible practices and lasting value creation for all stakeholders.

Building on the work initiated in 2023, we maintained our focus on developing and refining our Environmental, Social, and Corporate Governance (ESG) framework. In 2024, we actively engaged with our partners to emphasize the importance of sustainable practices and launched a supplier survey to better understand their ESG-related activities. Additionally, we introduced two new collaboration projects with a charitable purpose—“Komanda Latvija” and “LEAD” in Estonia—reflecting our commitment to giving back to the communities we operate in.

We remain committed to a responsible growth path that reflects the values of our customers, partners, and employees!

About Grenardi Group

AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics, as well as GOLDLIGHT in Latvia. As of September 30, 2025, AS Grenardi Group operates a total of 86 stores – of which 70 GIVEN chain stores, 6 GRENARDI chain stores and 10 GOLDLIGHT chain stores. Additionally, the Group has six online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv, www.grenardi.ee and www.goldlight.lv.

GIVEN is a jewellery brand that stands for joy, beauty, love, creativity, and sustainability by expressing this in its jewellery – through design, unique collections of brands, and carefully considered details, making the valuable accessible.

GRENARDI has been the leading luxury jewellery retail chain in Latvia and Estonia for more than 25 years, offering an extensive selection of world-renowned luxury jewellery brands alongside sophisticated collections designed by GRENARDI.

GOLDLIGHT is a well-known jewellery retailer in Riga, Latvia offering its customers a wide assortment of gold, silver and diamond jewellery, as well as brands such as Nomination, Ti Sento, Mirco Visconti and others.