EU – Baltic States, Good for Business, Lithuania, Markets and Companies, Mergers and take-overs
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Saturday, 27.04.2024, 01:05
Lithuania's Vinted takes over Dutch United Wardrobe
BC, Vilnius, 27.10.2020.
Print version
Print versionVilnius-based Vinted, Europe's biggest second-hand fashion platform, has taken over United Wardrobe, a Dutch competitor, writes LETA/BNS.
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Vinted, which was present in the Netherlands before the acquisition, said on Tuesday that the merged group will bring together over 34 million users in Europe, which will help accelerate its expansion into new markets.
Vinted became Lithuania's first "unicorn", a startup company valued at over 1 billion euros, in November 2019.
Founded in Vilnius in 2008, the company now operates in 12 markets worldwide, including Spain, France, Luxembourg, Belgium, Poland, Lithuania, the UK, and the US.
United Wardrobe was founded in the Netherlands in 2014 and later expanded to Belgium, France and Germany.
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