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.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.