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e-commerce

Etsy Acquires Gen Z Fashion Platform Depop for $1.6 Billion

By
Mark Di Stefano
· · Source: The Information

Etsy has announced the acquisition of London-based second-hand clothing platform Depop for $1.6 billion. The deal will give the millennial craft-focused company a valuable foothold in the Gen-Z ecommerce market. The mostly cash deal for Depop will see Etsy acquire one of the pioneering companies of the second-hand fashion ecosystem, and one that is especially attuned to the desires of young...

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