Etsy to acquire fashion resale app Depop

The New York Times

Etsy has reached a deal to acquire Depop, a fashion resale app that appeals to Gen Z consumers, for $1.6 billion in cash. The deal, which is expected to close in the third quarter, provides Etsy with greater access to the growing secondhand product sales market.

Recent News

Incoming Macy’s CEO Calls Bloomingdale’s Brand a ‘Growth Vehicle’ for the Company

Incoming Macy’s CEO, Tony Spring, and current CEO, Jeff Gennette, highlighted the strength of Macy’s non-namesake brands, including high-end department store Bloomingdale’s and luxury beauty retailer Bluemercury. Spring emphasized the importance of product curation and delivering an enhanced customer experience,…