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.
Tatjana Paulane
Shareholder and CEO, Goldlight
Talk to the deal team
Related deals
Capvis has sold hessnatur to Wourth Group
Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.
Learn moreU-Power has acquired 100% of KÜBLER
U-Power Group S.p.A., a leading player in the European personal protective equipment (PPE) market controlled by Renaissance Partners and the Uzzeni family, has signed binding agreements to acquire 100% of Paul H. Kübler Bekleidungswerk GmbH & Co. KG (KÜBLER). The transaction brings together two leading European companies in the PPE sector, combining complementary strengths, established market positions and proven distribution networks to further expand their presence in Europe and unlock new growth potential. U-Power contributes its international presence, strong position in safety footwear and workwear and extensive distribution networks, while KÜBLER adds decades of expertise in workwear and PPE, a strong position particularly in the DACH region and an established specialist retail network. Closing remains subject to customary regulatory approvals and is expected in Q1 2027.
Learn moreJoe Merino has been acquired by enterstore
The shareholders of Joe Merino, a premium menswear brand, have agreed to sell a majority stake to enterstore, a fast-growing e-commerce group comprising multiple brands. The partnership with enterstore positions Joe Merino well to drive its international expansion and accelerate its growth journey.
Learn more