Etsy Monday announced the acquisition of French online handicrafts market a Little harsh

Absrtact: June 25 news, billion power network learned that the United States handicrafts online market Etsy Monday announced the acquisition of French online handicrafts markets a Little harsh, which is Etsy's sixth acquisition transaction. But Etsy didn't disclose the amount of the deal, only that it was E

June 25 news, billion power network learned that the United States handicrafts online market Etsy Monday announced the acquisition of French online handicrafts markets a Little harsh, which is Etsy's sixth acquisition transaction.

But Etsy did not disclose the amount of the deal, only that this is the Etsy since its inception in 2005, the largest acquisition. But according to US media analysis, the price of this transaction should be below 100 million dollars.

Etsy's CEO, Chad Dickerson, says the reason for acquiring a Little harsh is to appreciate the business model and community shape it has formed. A Little harsh focuses on the pursuit of value and community orientation, which can help Etsy to capture this part of the market in France.

Etsy said that Etsy import and export of the French market accounted for the total imports and exports of 90%, the acquisition can help Etsy to further focus on the domestic market in France.

A Little Harsh will be run by co-founder Nicolas Cohen and Nicolas D ' Audiffret in the French office, independent of Etsy's operations center. French consumers, they say, are enthusiastic about local handicrafts and will further expand their domestic handicrafts brands.