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.
Wholesale / Retail Retail trade Retail sale of other goods, except motor vehicles and motorcycles 47.79 - Retail sale of second-hand goods
137 jobs Number of planned job creations
Announcement Date
28 November 2019
Employment effect (start)
28 November 2019
Foreseen end date
28 April 2021
Description
Vinted, the clothing exchange and sale platform, intends to create around 137 new jobs in Vilnius by the end of 2021. Vinted is a Lithuanian startup offering an online marketplace where users can sell, buy and swap second-hand clothing. According to the management, the company has attracted €128 million venture capital investment and intends to nearly double the number of employees in the following 1-2 years. Currently the company employs 318 employees. Vinted announced earlier its intention to create around 163 new jobs in Vilnius by the end of 2021 (see previous case Vinted 2018 LT). With its headquarters in Vilnius, the company also has offices in San Francisco, Munich, Paris, Warsaw, and Prague.
Eurofound (2019), Vinted, Business expansion in Lithuania, factsheet number 99189, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99189.
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