Lyst, the fashion marketpp, once rated back to $ 700 m, sell to Japan’s zozo for $ 154 m

Fashion comes in and out of style, and so, contracts, put fashion in fashion. Lust – High-end fashion market with 160 million users to 75 million $ 700 – has been purchased for only $ 154 million in a deal of all cash. The buyer is Blacka fashion-basis fashioned in Japan and E-Commerce business.

Zozo owns a number of fashionable marks including dress from zozo, with many more with the names as zozotown and zozouit.

(But you could best know the name for another reason. Their Yustaaka Maezawa founder declared the title of “The more retweeted tweet“, When the platform was young, when he promised to make 100 million palum for the retweed. Vaga crowd and Maeza was in a coat.

Zozo said that will continue to operate the college based on UK as a standalone business as part of that steady. The LYST CLEO CEO Emma McFerran will be with the company.

The acquisition – at a reduced price massively as compared to the lyst evaluation of lyst – comes at a time of strong uncertainty in the world of e-commerce. Lyst specifically has faced the head from three different directions.

Before, wires cesi by creating the queers around the global trade in the ratio sold in selling us and equally the effect and regions and regions. London London London’s revenues are currently arrived from sales in the United States

Second, even as fastening a problem, it has been confronted massive competition on line not only by other specialized players but also behemoth as amazon and teen.

Third, technological investors today have massively ingly in something and everything to do with artificial intelligence. That has got a lot of pressure on companies not In that space to show the similar growth trajectories, raising stories that in some incorporate way in any way.

(Lyst and Zozo have achieved the memo. The couple will be “the couple has” turn the future dissector through ai and technology. What are they not detailed with what, exactact.)

The agreement gives the zozo in the foot in the UK, but it also gives an international business. Lyst said that it has been personal in 190 markets, with 30% of their business selling from the US, 24% of the UK and 34% of Europe.

Lyst has been laying in the wide of moving fashionable aggregation: tact of offer produced by 27,000 marlias, including the two distigners and dependents. Listen includes Prada, Gucci, WineGo, The Baptist, Valentica, Valu Valentine, MI Coast, Michael Kors, Boss Hugo, Selfu, Harvees Nichols and Harrods.

Lyst was one of the winners of the e-commerce boom during and just after the covitu-19 peak. When it is raised $ 85 million in May 2021 In a rounded led by fidelity, he did this to an assessment of about $ 700 million. Other investors fifty in the company includes Accel, BaltedtonTon, the mongten (fiuming draper) and others. The company at the moment you describe the funding as a pre-ipo round. Although not only the uto windoww, but very companies and infinate species were seen during the bread quickly as the consumers withholders to their pre-pandemic habits. (And then the investors are turned off at the next big thing, ai.)

And in E-Commerce Most specifically, the market was hard for these brands individually and collectively.

A spokes explain that the 50th LYST users of 2010 million are “annual users”. But that figure includes active shoppers as those only of the window of the window. It’s hard to know how successful the company was in conversion, an important part of the e-commerce pattern. Has not only: other great names in high-end fashion trade to the Farfetch too nosedved in the post-covide years.

In the most recent financial quarters of the Heagan in the Heagan’s more than December in 2024, the company noticed that their total ridges for the total year 20.1 million ($ 64 million). That is largely apartment on their revenues from the year before, which were £ 50 million.

Lyst in that time they remain uncontrumy, but made the cask to cut their drastically loss that year to £ $ 5.00 a year. (Also posted a profit of operation before £ 443,000 rates.)

“This is a momentary time by Lyst, and a winning operation for our economy-fashionable and partners as extended as part of zozoi group.

Now the question will be if you get scale economies with Zozo will give LYFT, the elevation needs to turn this around.