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Agenda-setting intelligence, analysis and advice for the global fashion community.

Etsy’s Depop Deal Is Only the Beginning for Resale Consolidation

The fast-growing but fragmented second-hand fashion space is set for further consolidation, as even the biggest players struggle to turn a profit.

TK caption. Depop. — On Wednesday, Etsy acquired second-hand fashion app Depop for $1.6 billion in a cash deal expected to close in the third quarter of this year. Depop.

By

Vikram Alexei Kansara

04 June 2021

BoF PROFESSIONAL

This week, Brooklyn-based e-commerce powerhouse Etsy made a major bet on the fashion resale space, spending $1.6 billion to acquire London-based peer-to-peer second-hand fashion app Depop in a cash deal expected to close in the third quarter of this year.

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About the author

Vikram Alexei Kansara

Vikram Alexei Kansara

Vikram Alexei Kansara is Editorial Director at The Business of Fashion. He is based in London and oversees BoF’s luxury, fashion week, art, sustainability, global markets and opinion verticals.

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Retail

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Resale

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