Elo7 news and archive

Etsy reports record Q4 revenue following strong holiday season

US e-commerce giant Etsy has reported record revenue in the fourth quarter, up 12.6 percent from the same period a year earlier following a “strong holiday performance”. The company, which focuses on vintage and handmade products, made net revenue of 807.2 million dollars in the final quarter ended December 31, which was ahead of estimates. Etsy...

Business

Etsy to buy Brazil-based handmade items marketplace Elo7

Just weeks after revealing it would acquire second-hand fashion platform Depop for 1.6 billion dollars, Etsy has announced it will buy Elo7, a Brazil-based marketplace for unique, handmade items. Etsy said it will pay 217 million dollars in cash for the company, subject to certain adjustments. Following the closing of the transaction, Elo7 will...