Page 4 - Simon Beckerman News Today

Etsy Inc. said on Wednesday it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing.

As the global fashion resale market expected to hit $51 billion in 2023, the acquisition simply bigger shift in purchasing behavior for young consumers.

US sets and suspends tariffs over digital services tax More trade news. The US has announced - and immediately suspended - tariffs on certain goods from UK, Italy, Spain, Austria, India and Turkey over their digital services tax. The tariffs are being imposed after the US concluded that these digital taxes discriminated against US tech companies, were inconsistent with principles of international taxation, and burdened U.S. companies. These digital services taxes, on the revenues of technology...

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

US-based online sales app pays £1bn for marketplace with 30m users, 90% of whom are under 26

Etsy said the acquisition would help it capture the ever-expanding second-hand clothing sector, which is expected to be worth $64billion in the United States by 2024.

Simon Beckerman, a 47-year-old British-Italian entrepreneur, who was born in Milan and lives in London, founded Depop in 2011. The deal will also rake in a generous return for venture capital firms.

Resale Fashion Websites: The Best on the Internet Right Now The Best Resale Fashion Sites Online Right Now Highsnobiety / Paul Jeong The Highsnobiety Better Earth Manual is a guide for style enthusiasts in the age of ecological crisis — a crisis caused in part by the fashion itself. Here, you’ll find a growing set of resources about conscious consumption and the pioneers who are making change in our industry. As the demographic of the luxury customer shifts, it makes sense that the shopping...

Simon Beckerman founded clothes-selling app Depop in 2011. Now, having raised more than £80 million in equity funding, it boasts 25 million users