Ebay to buy online second-hand clothing marketplace Depop for €1bn, as it targets Gen Z shoppers

Around 90pc of Depop’s shoppers are under the age of 35. Photo: PA

Henry Saker-Clark, PA Deputy Business Editor

Press Association

E-commerce company eBay has struck a $1.2bn (€1.02bn) deal to buy the second-hand clothing app Depop from rival Etsy.

Etsy is offloading the brand five years after buying it for $1.62bn (€1.37bn).

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