It feels like we've been continuing to have the discussion around sustainable clothing for … In a bid to target Gen-Z consumers, Etsy is acquiring fashion resale app Depop … After the acquisition, Depop will operate as a standalone business with the current leadership team operating from its London headquarters. BROOKLYN, N.Y., July 13, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY) (the “Company”), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the completion of its previously-announced acquisition of Depop for approximately $1.625 billion consisting of primarily cash and … This week, Etsy announced that it acquired Depop, a clothing resale app for $1.6 billion. Depop… On June 2, the company announced its acquisition of Depop for $1.625 million, giving it access to and influence over two highly coveted markets: Gen-Z and resale.It also comes shortly after it bought used instrument website Reverb, indicating plans to build out an empire of niche e-commerce brands under one roof. Weil, Gotshal & Manges, Allen & Overy and Fenwick & West are leading on U.S. e-commerce company Etsy’s acquisition of U.K. online marketplace Depop. Depop is Etsy’s second acquisition in the resale space. BROOKLYN, N.Y., June 2, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for Depop's … As Gen Z continues to turn its back on ‘fast fashion’, Etsy hopes its acquisition of Depop will deliver a new generation of online shoppers. Depop to be acquired by Etsy for $1.625bn. Etsy to Acquire Depop in Deal Valued at Over $1 Billion. Weil, Gotshal & Manges, Allen & Overy and Fenwick & West are leading on U.S. e-commerce company Etsy’s acquisition of U.K. online marketplace Depop. Etsy said that after the deal closes, it will operate Depop as a separate brand alongside Etsy and Reverb, a marketplace for musical instruments that it … 2 June, 2021. The transaction deepens Etsy's penetration in the fast growing … Etsy Inc. plans to acquire Depop, a marketplace for secondhand apparel and accessories, for $1.63 billion as it seeks to attract more younger consumers. Etsy Follows Depop Deal With New Acquisition. Etsy has confirmed it has completed its $1.625bn acquisition of the London-based, Gen Z fashion marketplace Depop.. Transaction is the largest acquisition of a private venture-backed technology company in the UK since 2019. Etsy is buying Depop, the British secondhand fashion resale app, for $1.6bn (£1.1bn) to tap into the fast-growing trend of generation Z young people reselling clothes online. Recently, Etsy showed it has bigger plans still. The deal will close in … Etsy has said that Depop will still operate in London under its existing leadership. Depop is popular among Gen Z shoppers. Etsy have today announced the completion of its previously-announced Depop acquisition for approximately $1.625 billion consisting of primarily cash and subject to certain adjustments. BROOKLYN, N.Y., July 13, 2021 Etsy, Inc. (ETSY), which operates two-sided online marketplaces that connect millions of pas... Etsy completes acquisition of Depop, the global fashion resale marketplace for Gen Z Etsy Inc. announced a $1.63 billion acquisition of the fashion reseller Depop, vastly expanding its exposure to youth clothing and apparel markets. Etsy has snapped up Depop for $1.6 billion. Listen to Article. Etsy said Depop is the tenth most visited shopping site among Gen Z consumers in the US. Reverb is a marketplace for used and new instruments and accessories. As with Depop (which was a $1.6 billion acquisition for Etsy) and Reverb (a musical instruments market Etsy acquired in 2019), Elo7 will remain … Etsy (ETSY) announced last Wednesday (link) that it will acquire Depop for $1.625 billion. Etsy is buying Depop, the British secondhand fashion resale app, for $1.6bn (£1.1bn) to tap into the fast-growing trend of generation Z young people reselling clothes online. The secondhand market is beloved by Gen Z consumers, and Etsy sees the potential for growth. Etsy completes acquisition of Depop, the global fashion resale marketplace for Gen Z. Etsy Aktie [Valor: 27396460 / ISIN: US29786A1060] Kaufen Verkaufen Kurse + … E-commerce company Etsy (NASDAQ: ETSY) is acquiring London-based Depop in a $1.6 billion deal. The MarketWatch News Department was not involved in the creation of this content. Etsy ETSY, +2.52% announced last Wednesday that it will acquire Depop for $1.625 billion. At the beginning of June, Etsy (NASDAQ:ETSY) announced it was acquiring Depop, an online fashion reseller for … Sourcing Journal - Glenn Taylor • 1h. Etsy announced last Wednesday that it will acquire Depop for $1.625 billion. The cash deal, which is … Etsy ETSY, -3.08% announced last Wednesday that it will acquire Depop for $1.625 billion. For instance, Mr. Market paid $156.59 for Etsy on 13 May 2021 and $202.94 for ETSY on 29 July 2021. Depop, the fashion resale marketplace beloved by Generation Z, will be acquired by Etsy for $1.6 billion, the two companies announced on Wednesday.. Shares of Etsy are rallying toward one-month highs after its $1.63 billion purchase of Depop. 13, 2021, 08:00 AM. E-commerce company Etsy (NASDAQ:ETSY) is acquiring London-based Depop in a $1.6 billion deal. The acquisition is set to be completed by the third quarter of 2021. Beckerman is likely to benefit significantly, along with CEO Maria Raga, other senior employees, and backers who have helped the business. Etsy has completed its acquisition of resale fashion app business Depop, which has an office in Manchester, for more than $1.6bn. For instance, Mr. Market paid $156.59 for Etsy on 13 May 2021 and $202.94 for ETSY on 29 July 2021. Etsy has closed on its purchase of fashion marketplace Depop for roughly $1.625 billion. The $ 1.6 billion acquisition will give Etsy access to Depop’s young and growing user base. This is not just Etsy’s biggest acquisition, as TechCrunch states, but also a huge acquisition for e-commerce in Europe. What This Analyst Likes About Etsy's Depop Acquisition. Ina Steiner. Etsy will acquire Depop for $1.625 billion in a primarily cash deal. Etsy is acquiring Depop for $1.625 billion. Etsy completes acquisition of Depop, the global fashion resale marketplace for Gen Z. Etsy is acquiring Depop for $1.625 billion. Etsy has concluded its acquisition of the fashion marketplace Depop for about $1.625 billion. This is not just Etsy’s biggest acquisition, as TechCrunch states, but also a huge acquisition for e-commerce in Europe. The purchase price consists of mainly cash and is “subject to certain adjustments,” according to a Tuesday (July 13) announcement.Depop will keep running as a standalone marketplace operated by its current management team, the release stated. Etsy’s acquisition of Depop provides potential for growth in preloved clothing market. On June 2, the company announced its acquisition of Depop for $1.625 million, giving it access to and influence over two highly coveted markets: Gen-Z and resale.It also comes shortly after it bought used instrument website Reverb, indicating plans to build out an empire of niche e-commerce brands under one roof. The acquisition makes some enterprise sense, too, as the 2 corporations have an analogous mannequin: connecting unbiased sellers of products to consumers. According to Etsy, over 90% of Depop’s users are under the age of 26, most of … Etsy to Acquire Depop in Deal Valued at Over $1 Billion. Depop, which launched in 2011, is a s ocial shopping app that has been described as a mix of eBay and Instagram. Etsy completes acquisition of Depop, the global fashion resale marketplace for Gen Z PR Newswire BROOKLYN, N.Y., July 13, 2021 According to a … £ 1.2 billion!Not bad for a thrift app: Depop boss gets cash on acquisition by US giant Etsy. The $1.6 billion acquisition lets Etsy access Depop’s young and growing userbase. It is targeted at Gen Z shoppers. The acquisition makes some enterprise sense, too, as the 2 corporations have an analogous mannequin: connecting unbiased sellers of products to consumers. Depop, the fashion resale marketplace beloved by Generation Z, will be acquired by Etsy for $1.6 billion, the two companies announced on Wednesday.. Etsy is a marketplace for buying and selling handcrafted products. Nonetheless, Etsy is best recognized for do-it-yourself items and crafts, whereas Depop is most well-known for promoting garments. The $1.6 billion acquisition lets Etsy access Depop’s young and growing userbase. This is Etsy’s second marketplace acquisition. Etsy plans to acquire Depop and the deal is set to help Etsy expand its product portfolio and customer range through the online fashion platform. Etsy Raises Stakes In Apparel Resale Segment With $1.6 Billion Acquisition Of Depop. BROOKLYN, N.Y., July 13, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY) (the "Company"), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the completion of its previously-announced acquisition of Depop for approximately $1.625 billion consisting of primarily cash and … ETSY, INC. At the beginning of June, Etsy (NASDAQ: ETSY) announced it was acquiring Depop, an online fashion reseller for $1.6 billion. The Depop team will remain in their London office and retain their staff as they move forward. Etsy, Inc., which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the completion of its previously-announced acquisition of Depop for approximately $1.625bn consisting of primarily cash and subject to certain adjustments. It also spells bigger, badder competition for the growing field of contenders in the category. Etsy had about $2 billion in total liquidity as of March 31, including $1.8 billon in cash. June 2, 2021. BROOKLYN, N.Y., July 13, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY) (the "Company"), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the completion of its previously-announced acquisition of Depop for approximately $1.625 billion consisting of primarily cash and … On Wednesday, Etsy announced its acquisition of Depop for $1.625 billion, in a mostly cash deal expected to close later this year. Etsy currently has $2 billion in total liquidity, consisting of $1.8 billion in cash, cash equivalents and short and long term investments on its balance sheet. It is targeted at Gen Z shoppers. Recently, Etsy showed it has bigger plans still. By PYMNTS. Etsy purchases Depop for USD$1.625bn (£1.148bn) Online marketplace operator Etsy Inc. has announced that it intends to purchase UK-based community-led fashion marketplace Depop, predominantly used by consumers under the age of 26, for the primarily-cash sum of … The beloved online marketplace selling handmade crafts and goods is going to grow significantly. The rest of the marketplace noticed. Still, Etsy is best known for its homemade goods and crafts, while Depop is most famous for selling clothes. Etsy, Inc. (NASDAQ: ETSY) (the "Company"), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the … £ 1.2 billion!Not bad for a thrift app: Depop boss gets cash on acquisition by US giant Etsy. Here's what the acquisition means for the secondhand market and the retail sector as a whole. Etsy described the company in its press release as a “privately-held, community-led, and purpose-driven marketplace for unique fashion” that was founded in 2011. Etsy had about $2 billion in total liquidity as […] Depop’s 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Etsy’s strategy for staying ahead of other marketplaces is to acquire more of them. The marketplace’s $1.6 billion acquisition of the young-skewing resale platform is a big bet on the future of secondhand fashion. The acquisition is perfect for Etsy, really — Depop has a similar operating model but with a much younger audience. Depop will stay in operation as a standalone marketplace run by its current management team. Etsy Inc. ( ETSY ) announced a $1.63 billion acquisition of the fashion reseller Depop, vastly expanding its exposure to youth clothing and apparel markets. The move saw Etsy’s stock price skyrocket from less … Etsy's acquisition of Depop is it's largest to date and comes amid CEO Josh Silverman's transformation of the handmade and vintage marketplace into a ecommerce powerhouse. Nonetheless, Etsy is best recognized for do-it-yourself items and crafts, whereas Depop is most well-known for promoting garments. The deal will close in Q3 of FY21. Depop, a community-powered, purpose-driven marketplace to buy and sell unique fashion, extends Etsy's opportunities further into the high frequency apparel sector, … After the acquisition, Depop will operate as a standalone business with the current leadership team operating from its London headquarters. Following her company’s acquisition by Etsy, Depop CEO Maria Raga spoke about how the social-shopping platform’s mission to provide unique fashion experiences aligns with Etsy’s values. Launched in 2011, Depop is a shopping app to buy and sell used apparel. Investors should be excited about its latest acquisition. Acquisition Puts Etsy in Gen-Z Proximity. Jul. The acquisition is expected to complete in the third quarter, Etsy says. Reverb is a marketplace for used and new instruments and accessories. The cash deal, which is … Mr. Market thinks Etsy could get another spurt of growth from the Depop acquisition. Etsy had about $2 billion in total liquidity as of March 31, including $1.8 billon in cash. In July 2019, the marketplace acquired music equipment reseller Reverb Holdings, Inc., an e … Depop campaign. The Depop acquisition hints at Etsy’s fashion ambitions: to gain more market share in resale and among Gen Z customers. According to a … While Etsy is known for its marketplace of handmade goods and things your drunk aunt impulse buys, the Depop acquisition gives Etsy a seat on a larger macrotrend: secondhand clothing. Etsy, the e-commerce site for hand-made and vintage goods, is purchasing fashion resale marketplace Depop for $1.63 billion. Etsy had about $2 billion in total liquidity as of March 31, including $1.8 billon in cash. The acquisition Etsy (ETSY) has acquired the fashion marketplace Depop for a whopping $1.625 billion; in 2020, Depop's gross merchandise value … Read more on seekingalpha.com Depop Etsy is a marketplace for buying and selling handcrafted products. Following her company’s acquisition by Etsy, Depop CEO Maria Raga spoke about how the social-shopping platform’s mission to provide unique fashion experiences aligns with Etsy’s values. Simon Beckerman, 47, a British-Italian entrepreneur born in Milan and living in London, founded Depop in 2011. At the beginning of June, Etsy (NASDAQ:ETSY) announced it was acquiring Depop, an online fashion reseller for … Depop Online marketplace Etsy on Wednesday announced its $1.625 billion (£1.2 billion) acquisition of UK-based fashion resale app Depop… “We believe Depop to be the resale home for Gen Z consumers with a unique offering and highly engaged user base. Why Etsy Bought Depop. How long can the rally last? Etsy has completed the acquisition of peer-to-peer social shopping app, Depop, for approximately $1.625 billion. However, Etsy expects Depop to be accretive it top-line growth rate – and justifiably so, in my humble opinion. Today, in a rare showing of intergenerational amity, the homemade-friendly e-commerce company Etsy announced it is acquiring resale platform Depop for $1.6 billion. On Wednesday (2 June), online marketplace Etsy announced that it would acquire fashion resale platform Depop for $1.625bn. E tsy, Inc. (ETSY) has inked a cash deal to acquire Depop, a privately-held marketplace for unique fashion with 30 million registered users across 150 countries, for $1.625 billion. Etsy has confirmed it has completed its $1.625bn acquisition of the London-based, Gen Z fashion marketplace Depop.. BROOKLYN, N.Y., July 13, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY) (the "Company"), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the completion of its previously-announced acquisition of Depop for approximately $1.625 billion consisting of primarily cash and … We expect Etsy will employ similar strategies following its acquisition of Depop. Depop, which launched in 2011, is a s ocial shopping app that has been described as a mix of eBay and Instagram. Simon Beckerman, 47, a British-Italian entrepreneur born in Milan and living in London, founded Depop in 2011. Depop, she told me in 2019 when I spoke with a number of sellers for New York’s Style Issue, wasn’t just a place to shop for cool. BROOKLYN, N.Y., July 13, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY) (the "Company"), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the completion of its previously-announced acquisition of Depop for approximately $1.625 billion consisting of primarily cash and … BROOKLYN, N.Y., July 13, 2021 /PRNewswire/ -- Etsy… Etsy says more than 90 percent of Depop’s users are under 26, meaning they mostly belong to Gen Z, while Etsy’s own users are firmly millennial, with a median age for sellers of around 39. That announcement comes nearly two years after Etsy acquired Reverb, a marketplace for new and used music gear. Posted on June 2, 2021. Investors should be excited about its latest acquisition. 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