AS Grenardi Group is strengthening the management team
To strengthen the management team, the position of the Chairman of the Management Board of AS Grenardi Group (parent company of GRENARDI and GIVEN jewellery chain) and SIA GIVEN Latvia will be held by the company's founder and co-owner Ainārs Spriņģis, who has been the Chairman of the Supervisory Board and has participated in all important stages of the company's development. Meanwhile, the position of CEO of AS Grenardi Group will be held by Mišels Zavadskis. Ģirts Rudzītis, the current Chairman of the Management Board and CEO of AS Grenardi Group has left his position.
With the appointment of Ainārs Spriņģis as a Chairman of the Management Board of AS Grenardi Group, the Group's Creative Director, and co-owner Alīna Spriņģe is taking his place as Chairwoman of the Supervisory Board.
The changes in company management have been submitted for registration with the Enterprise Register.
The growth strategy of AS Grenardi Group has strengthened its leadership position in the Baltics. On May 8, 2024, AS Grenardi Group's bonds were successfully listed on the Nasdaq Riga regulated market Baltic Bond List. Thanks to the well thought-out concept developed here in Latvia, AS Grenardi Group has successfully established itself in the Lithuanian and Estonian markets, opening store in shopping malls of the largest cities.
"With the third bond issue, AS Grenardi Group has gained momentum and plans to further strengthen its position in the Baltic region and beyond. Therefore, it is a logical step – like move in 2018 when we established the GIVEN brand – to join the company's operational management for a new chapter in the AS Grenardi Group success story," says Ainārs Spriņģis, Chairman of the Board of AS Grenardi Group and GIVEN Latvia.
"We would like to thank Ģirts Rudzītis and our team for their work in growing AS Grenardi Group and creating a foundation for strong future growth," said A. Spriņģis.
To continue the growth of the GRENARDI and GIVEN, AS Grenardi Group has selected a new CEO, Mišels Zavadskis. He has a strong professional background in change management, sales, and e-commerce, as well as promoting the company's products in international markets. Prior to this role, M. Zavadskis worked as a Head of Sales and Customer Service at Storent Group from 2014 to 2021, and as a CEO and Head of Sales for the Baltics and Poland at the online equipment rental platform PreferRent from 2021.
2023 was a year of growth for the company as it continued its expansion in the Baltics. The audited consolidated financial results show that the net turnover of AS Grenardi Group in 2023 reached EUR 18 million, an increase of 40% compared to 2022. This increase in turnover was driven by the expansion of the retail network, sales growth in the existing store network, and the acquisition of GRENARDI.
Ainārs Spriņģis, Līga Emma Gulbe, and Marta Andersone continue to perform duties on the Management Board of AS Grenardi Group.
Alīna Spriņģe, Māris Keišs, and Alberts Pole continue their roles on the Supervisory Board of AS Grenardi Group.
About AS Grenardi Group:
AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics. As of the end of the first quarter of 2024, Grenardi Group operates a total of 84 stores – of which 77 GIVEN chain stores and 7 GRENARDI chain stores. Additionally, the Group has five online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv and www.grenardi.ee.
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 20 years. GRENARDI offers an extensive assortment of world-renowned luxury jewellery brands and sophisticated private collections.
Dāvis Cēderštrēms
Deputy CFO
info@grenardi.group
Tel.+371 67796000
|