Latvia

Printful, the first unicorn from Latvia

Printing and fulfillment service Printful has received an investment worth over 106 million euros from growth equity firm Bregal Sagemount. This funding makes Printful the first company from Latvia to achieve unicorn status, as it's now valuated at over 1 billion dollars.

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Omniva expands network in Baltics

Omniva will expand its network of parcel machines in Estonia, Latvia, and Lithuania, also known as the Baltic states. The Estonian postal company already owns 43 percent of the parcel machines in Estonia and accounts for 57 percent for that country's total parcel volume.

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Printful to open new logistics center in Latvia

Printing and fulfillment service Printful will open a new fulfillment center in Riga, Latvia. The company has outgrown its current facility, which is located in the same city. The new site is currently under construction and is said to open in May. The new fulfillment center will open close to the company's logistics partners and the Riga International Airport.

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H&M launches online store in 7 new countries in Europe

H&M has opened several new online stores in Europe. It now has dedicated websites in Croatia, Estonia, Latvia, Lithuania, Slovenia, Luxembourg and Ireland. The fashion retailer offers the same range as it does in the physical stores, with complete collections for men, women and children, including accessories.

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DHL extends parcel network across the Nordics and Baltics

DHL has joined forces with the Finnish postal operator Posti and Bring, a subsidiary of Norwegian postal operator Posten Norge. Together they offer a B2C infrastructure for parcel deliveries across Scandinavia, Finland and the Baltic states. With 6,500 parcel shops and parcel stations across seven countries it will be the largest parcel network in northern Europe.

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Fashion store Lesara expands to 16 new countries in Europe

Lesara, a Berlin-based online fashion and lifestyle retailer, has announced it will now also supply customers in the United Kingdom, Spain, Greece, Portugal, Bulgaria, The Republic of Ireland, Romania, Hungary, Estonia, Latvia, Slovakia, Poland, Czech Republic, Sweden, Denmark and Finland.

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