Lido

Type
Business expansion
Country
Estonia
Region
Eesti; Eesti; Põhja-Eesti
Location of affected unit(s)
Tallinn
Sector
Accommodation / Food
56 - Food and beverage service activities
56.1 - Restaurants and mobile food service activities
56.1 - Restaurants and mobile food service activities
100 jobs
Number of planned job creations
Job creation
Announcement Date
25 August 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 October 2009

Description

Latvian restaurant chain Lido has announced entering the Estonian market in October and creating more than 100 new jobs in the city centre of the capital Tallinn.

The Latvian restaurant chain announced that a 300-seat buffet-restaurant will be created in the new Solaris centre, which is located at the city centre of Tallinn, the Estonian capital. The restaurant will offer more than 180 different foods. According to media announcements, the Latvian company will invest EEK 30 million (about €1.9 million) into the opening of the new restaurant.

Lido is the leader of the Latvian restaurant market. The chain has a total of nine restaurants, all located in Riga, Latvia.

Sources

  • 25 August 2009: BBN web site

Citation

Eurofound (2009), Lido, Business expansion in Estonia, factsheet number 69426, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69426.