The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Kruti Patel Goyal, currently chief product officer, will succeed Maria Raga, who is exiting the Gen-Z favourite resale site to pursue personal ventures, parent company Etsy Inc. said in a statement. Raga will continue to advise Depop until Sept. 30. Nick Daniel, currently vice president of product management will assume the chief product officer position. Both Daniel and Goyal will report to chief executive Josh Silverman.
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Etsy Buys Depop for $1.6 Billion
The marketplace for handmade and vintage goods has acquired the second hand fashion app known for its traction with Generation Z in a deal expected to close in the third quarter of this year.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
The luggage and lifestyle brand is expanding its product and marketing strategies while launching collaborations and pop-up stores as its founder, Shay Mitchell, eyes expansion and profitability after five years in business. BoF learns more.
Richemont, owner of jeweller Cartier, said on Wednesday it would not inject any cash into online luxury retailer Farfetch, following a report that the latter was exploring going private.
Consumer spending over Thanksgiving Weekend may have exceeded expectations, but shoppers may be stretching their wallets too thin, analysts say.
A small but growing online fashion community is practising a more critical form of consumption, marrying the quiet luxury trend with a desire for value and environmentally responsible products.