Etsy to buy fashion reseller Depop for $1.63 bln in push for younger consumers

www.reuters.com
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Etsy Inc (ETSY.O) said on Wednesday it would acquire Gen-Z focused fashion reseller Depop for $1.63 billion, as the online seller looks to attract younger shoppers.
A sign advertising the online seller Etsy Inc. is seen outside the Nasdaq market site in Times Square following Etsy's initial public offering (IPO) on the Nasdaq in New York April 16, 2015. REUTERS/Mike Segar/File Photo



More young consumers are moving toward second-hand fashion options, conscious of the environment and…
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