Japan’s ZOZO to Acquire Fashion Shopping Platform Lyst for $154M

Marketplace
Written By Rick Watson

Lyst is a global fashion shopping platform, connecting more than 160m shoppers annually with the world's best brands and stores.

ZOZO is a Japanese company that primarily operates online fashion shopping sites, notably Zozotown, which is the largest fashion e-commerce platform in Japan.

ZOZO has announced its intention to acquire 100% of British fashion shopping platform Lyst for $154 million in cash and cash equivalents. As part of the transaction, Lyst will become a wholly owned subsidiary of ZOZO. ZOZO is positioning the transaction as a way to transform fashion discovery through artificial intelligence. It also supports ZOZO’s international growth ambitions as it gains exposure in the US, UK, and Europe, complementing its Japanese market leadership.

TechCrunch: Lyst, a fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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