2023 was a big year for Grenardi Group - driven by strategic expansion, the acquisition of GRENARDI, and the dedicated efforts of our team - Grenardi Group retail turnover surged by 40%! As well as we expanded our presence across Latvia, Lithuania, and Estonia, adding 11 new shops and reaching a total of 82 stores.
Our CEO, Ģirts Rudzītis, emphasizes, “We are proud that in 2023 Grenardi Group continued its development and showed strong double-digit increase in retail turnover and EBITDA. This growth is primarily driven by the expansion of the GIVEN retail chain, growth in same-store sales, and also to the acquisition of GRENARDI.”
As we chart our course for 2024, Grenardi Group plans to further increase its market share in the Baltic States by prioritizing the strengthening of our market position. While the Group aims to seize opportunities to expand its store network in strategic locations, the primary focus will be on ensuring the profitability and success of the Group’s existing retail chain – GIVEN and GRENARDI stores.
🔎 Find out more in the article!
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Sr. Strategic Alliance Manager at OpenText
7moI loved the most unique launch of 2023 which isn't mentioned here, i.e., Huawei MateBook E; Happily using it since last few months.