EMCC European Monitoring Centre on Change



Geographic Location

Country: Lithuania
Region: Vilniaus apskritis; Lietuva
Location of affected unit(s): Vilnius


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.91 - Retail sale via mail order houses or via Internet
Number Employed: 500

Employment Effects

Announcement Date: 25-09-2020
Type of Restructuring: Business expansion
Employment Effect Start: 25-09-2020
Foreseen End Date: 31-12-2020
Planned Job Creation: 100

Additional Information

Vinted, the clothing exchange and sale platform, intends to create 100 new jobs in Vilnius by the end of 2020. Vinted is a Lithuanian startup offering an online marketplace where users can sell, buy and swap second-hand clothing. Currently, the company employs 500 employees. In 2019, the company attracted €128 million venture capital investment and became Lithuania's first startup 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. The company is currently looking for engineers, technology experts, as well as customer service and other specialists. With its headquarters in Vilnius, the company also has offices in San Francisco, Munich, Paris, Warsaw, and Prague.