Depop designates a CEO indefinitely
Depop Appoints Peter Semple as Permanent CEO, Focusing on Circular Fashion
In a significant move, Depop, the popular online fashion resale platform, has announced that Peter Semple will be its permanent CEO as of August 1, 2025. Semple, who has been with Depop for six years, previously served as the Chief Marketing Officer and interim CEO.
Under Semple's leadership, Depop has shown strong recent performance. Gross Merchandise Sales (GMS) grew by 35% year-over-year, reaching a $1 billion annualized run rate. Sales in the US, in particular, grew by 54% year-over-year, establishing Depop as the fastest growing player in the large online fashion resale market there.
Semple's vision for Depop revolves around growing the community and cultural relevance while scaling its unique position in circular fashion. This ambitious plan is backed by strong recent marketplace momentum and the support of Etsy Inc., Depop's parent company since 2021.
Meanwhile, Etsy has been investing in enhancing their overall app experience, making it more personalized and inspiring. This complements Depop’s growth and is part of Etsy’s long-term strategy to deepen consumer relationships and expand marketplace activity.
In comparison, Etsy's gross merchandise sales decreased by 6.5% in Q1 of the current year. However, the company continues to maintain a strong cultural and financial presence in online handmade/vintage markets.
Notable changes have also occurred within Etsy's leadership. Raina Moskowitz, the Chief Operating and Marketing Officer, has departed, while Lanny Baker has been appointed as the CFO. Rafe Colburn, who was previously the Chief Technology and Product Officer at Depop, has joined Etsy to take on new responsibilities. Brad Minor has taken over the duties previously held by Moskowitz.
In summary, Depop, under Peter Semple's leadership, is focused on accelerating its mission to make fashion circular, while Etsy is investing in enhancing their overall app experience and aiming for broader consumer engagement.
Footnotes:
- Depop Appoints Peter Semple as Permanent CEO
- Depop's Peter Semple on the Fast-Growing Fashion Resale Market
- Depop Reports Strong Growth under Peter Semple
- Etsy Invests in Depop's Growth
- Etsy's Q1 Revenue Increases by 0.8%
- As Etsy Inc., Depop's parent company, invests in artificial intelligence and personalization to improve their app experience, the focus of Peter Semple, Depop's permanent CEO, remains on growing the community and cultural relevance in the technology-driven fashion business.
- In the realm of music and fashion, Depop's platform under Semple's leadership has become a hub for diverse creators, allowing for a seamless blend ofunique styles and a sense of shared culture within the business landscape.
- With AI-driven recommendations and curated content, Semple is working to create a more immersive and engaging experience for Depop's users while simultaneously emphasizing the importance of sustainability and circular fashion.
- As Etsy expands its market presence, various executive shifts occur, with new leadership focusing on finance and technology to further support Depop's mission and strive for continued growth in the rapidly evolving online business culture.
