Amazon is delivering a direct blow to Etsy with the announcement of its Handmade Gift Shop. Serving as a separate storefront, it stocks thousands of handcrafted items for special celebrations and milestones.
The direct-to-consumer brand offering Italian-made handmade luxury accessories has attracted the support of BaubleBar and Etsy investor BurdaPrincipal Investments. M.Gemi's total funding increases to $47.2 million.
E-com game-changer Stitch Fix has reportedly hired investment banks for an IPO that could value the US personalized fashion retailer between $3 billion and $4 billion. It would the biggest US e-commerce IPO since Etsy.
Investment firms TPG Group Holding Advisers Inc and Dragoneer Investment Group LLC jointly reported an 8 percent stake in Etsy Inc, the Brooklyn-based online retailer of handmade goods, Etsy disclosed on Monday.