The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
400 jobs Number of planned job creations
Announcement Date
21 December 2020
Employment effect (start)
1 January 2021
Foreseen end date
31 December 2021
Description
Vinted, the clothing exchange and sale platform, is to create 400 new jobs in Vilnius in 2021. The company will be mainly looking for programming and technology specialists, product and design experts and announced it will also hire 200 employees in other countries. At the time of announcement, the company employs 563 people in Lithuania.
In 2019, the company attracted €128 million venture capital investment and became Lithuania's first start-up company valued at over €1 billion. Recently the company has moved to a new office and plans to further expand in the following 1-2 years.
Vinted is a Lithuanian start-up offering an online marketplace where users can sell, buy and swap second-hand clothing. With its headquarters in Vilnius, the company also has offices in Berlin and Prague.
Eurofound (2020), Vinted, Business expansion in Lithuania, factsheet number 102929, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102929.
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