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Etsy to acquire global fashion resale marketplace Depop

/PRNewswire/ Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers. ....

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Fashion app Depop to be bought by Etsy for $1.6bn

Fashion app Depop to be bought by Etsy for $1.6bn
The business has an office in Manchester as well as its London HQ
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Generation Z-focused resale fashion app business Depop is to snapped up by Etsy in a deal worth more than $1.6bn. ....

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Etsy to acquire Depop

Etsy to acquire Depop
Founded in 2011, Depop is a privately-owned, community-powered marketplace to buy and sell clothing, footwear and accessories.
Following the closing of the transaction, Depop will continue to be headquartered in London and operate as a standalone marketplace under its existing brand and will be run by its existing leadership team. Etsy will operate three ecommerce brands: Etsy, Reverb, and Depop.
Depop’s CEO, Maria Raga, said: “We’re on an incredible journey building Depop into a place where the next generation comes to explore unique fashion and be part of a community that’s changing the way we shop. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. They come to Depop for the clothes, but stay for the culture. We ll now take an exciting leap forward as part of the Etsy family, benefiting from Josh’s and his team’s expertise, and the resources of a much larger ....

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Etsy is acquiring UK-based social selling site Depop for $1.625B in a mostly-cash deal – TechCrunch

Very big news today coming out of Europe in the world of e-commerce. Etsy, the New York-based marketplace where crafty creators and those interested in their styles can discover and buy those goods, today announced that it is acquiring Depop, a London-based marketplace targeting millennial and Gen-Z consumers with a new take on social shopping. […] ....

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