SAN FRANCISCO: Online marketplace Etsy yesterday announced it has acquired an online emporium for handmade goods in France.
Etsy did not disclose how much it paid for A Little Market, which it said is the sixth and largest take-over by the Brooklyn-based company since it launched in 2005. US media reports valued the deal at less than $100m.
“A Little Market has built a community and business that we admire,” Etsy Chief Executive Chad Dickerson said in a release. “Their approach — values-led and community-focused — is consistent with what Etsy is about, and together we are incredibly well positioned to reimagine commerce in France.”
Etsy said that its business is France is more than 90 percent import-export. AFP
