Goldlight has been acquired by Grenardi Group

November 2024 — AS Grenardi Group, the largest Baltic jewelry retailer, has acquired Goldlight.

Goldlight is a well-known jewelry retail brand operating at 10 locations in the largest shopping centers in Riga, Latvia. The company has established a robust brand presence, ranking as the fourth-largest jewelry retail chain by number of locations in Riga.

AS Grenardi Group is the parent company of GIVEN and GRENARDI, two distinct jewelry retail brands in the Baltics. The company operates 91 stores in total, including 74 GIVEN chain stores, seven GRENARDI chain stores and 10 GOLDLIGHT chain stores, as well as six online stores. GIVEN is a jewelry brand that represents joy, beauty, love, creativity and sustainability. This is reflected in the design of its jewelry, its unique brand collections and carefully considered details that make the valuable accessible. GRENARDI has been a leading luxury jewelry retail chain in Latvia and Estonia for over 20 years. It offers an extensive assortment of world-renowned luxury jewelry brands and sophisticated private collections.

Our role in the transaction

Oaklins’ team in Latvia acted as the M&A advisor to the founder of Goldlight in this transaction.