Etsy Unloads Depop After Five-Year Possession
Brooklyn, NY– Etsy, Inc. has offered its subsidiary, &# 8220; pre-loved &# 8221; fashion industry Depop, marking a considerable change in its profile approach after acquiring the company in 2021 The step, announced today, follows a duration of review within Etsy regarding its diverse brand holdings.
- Procurement: Etsy purchased Depop 5 years ago.
- Reason: The details reasons for the divestiture continue to be undisclosed.
- Future: Details pertaining to the brand-new ownership and future direction of Depop are anticipated to be released shortly. This sale indicates a feasible refocusing on Etsy &# 8217; s core craftsmen marketplace.