ETSY TO ACQUIRE GLOBAL FASHION RESALE MARKETPLACE DEPOP

Depop, the fashion resale marketplace beloved by Generation Z, will be acquired by Etsy for USD 1.6 billion, underscoring the growing influence of clothing resale platforms. Etsy aims to advance its leadership in community-driven and differentiated marketplaces within the rapidly growing resale sector, especially serving the upcomingGen Z audience, offering an ideal fit with Etsy's marketplace M&A criteria.

business, fashionNicki Lange2 June 2021etsy, depop, investment, merger and acquisition, resellComment