Circular behaviors are becoming more embedded in consumers’ daily routines.
The probe is the first phase of a review to see if the deal could hurt competition.
The fashion resale platform and partner of the music festival will be on site.
The debut shop features pieces from the author’s personal collections by Manolo Blahnik, Prada, Marc Jacobs and more.
Benefits from sale of the 20 pieces from Musgraves personal wardrobe will be donated to The Young Center for Immigrant Children's Rights.
Drapers
Depop names COO
Depop has appointed VP of strategy and customer experience, Chidi Onwudike, to the role of chief operating officer.
The post Depop names COO appeared first on Drapers.
Aritzia just bought Fred Segal for an undisclosed sum from Fred Segal Family LLC. Aritzia also secured a lease for…
Drapers
Ebay acquires Depop from Etsy
Ebay has bought secondhand marketplace Depop from Etsy for $1.2bn (£888m) in cash.
The post Ebay acquires Depop from Etsy appeared first on Drapers.
The acquisition represents an opportunity for the global marketplace to accelerate growth in secondhand fashion and draw a younger audience.
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The e-commerce platform will acquire the Gen Z-favorite for about $1.2 billion, five years after Etsy bought it.
eBay is buying Depop from Etsy for $1.2 billion in cash, a move that deepens its push into Gen Z driven resale fashion. With 7 million active buyers and nearly $1 billion in 2025 gross merchandise sales, Depop gives eBay a stronger foothold in the fast growing recommerce market.
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