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Etsy to Acquire Resale Marketplace Depop

Etsy announced yesterday that it is acquiring resale marketplace, Depop, for $1.6 million. We look at why they made this acquisition and what it might mean for sellers.

WEBS Acquired by LoveCrafts

Kathy and Steve Elkins, owners of WEBS, announced today that they’ve sold the business to LoveCrafts, a UK-based venture-funded startup.

Michaels to Close Darice By the End of November

Michaels will be closing Darice, its wholesale division, by November 30, 2020. Michaels acquired Darice as part of the Lamrite West acquisition in 2016 along with Pat Catan stores.

Rowan and Patons Sold to DMC

Rowan and Patons yarn brands have been sold to legacy embroidery floss company DMC allowing the company to expand its presence in Europe.

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