Etsy Divests Depop After Five-Year Ownership
Brooklyn, NY – Etsy, Inc. has sold its subsidiary, “pre-loved” fashion marketplace Depop, marking a significant shift in its portfolio strategy after acquiring the company in 2021. The move, announced today, follows a period of reassessment within Etsy regarding its diverse brand holdings.
- Acquisition: Etsy purchased Depop five years ago.
- Reason: The specific reasons for the divestiture remain undisclosed.
- Future: Details regarding the new ownership and future direction of Depop are expected to be released shortly. This sale signals a possible refocusing on Etsy’s core artisan marketplace.
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