LVMH thought to lead investment round on UK’s fashion search engine Lyst

The French luxury group is leading a multimillion-pound injection of funds into Lyst, the UK-based fashion search engine.

LVMH will become the largest investor in a capital-raising expected to be announced by Lyst this week, reported Sky News.

Sources close to the matter pointed out that the parent group of Louis Vuitton could be eventually acquire the e-commerce company outright following the round of investment.

Although details of the Lyst deal remain private, some market sources pointed out it is expected to come between 50 million pounds and 100 million pounds; that’s a significant premium to the valuation of its last funding round.

Lyst launched in 2010, soon competing against the likes of Farfetch and Matches Fashion.

Lyst already counted with the support of LVMH, as it secured 40 millions in 2015 in an investment led by Groupe Arnault, LVMH's controlling shareholder, and that included Accel Partners and Balderton Capital.