Zozo news and archive

Zozo: Japanese Shopping Platform Acquires Lyst

Zozo, Inc. has acquired the London-based fashion shopping platform Lyst. Lyst has signed a definitive agreement to be acquired by the Japanese fashion e-commerce platform, the London-based company announced Wednesday. The purchase price is US$154 million (€139 million). Following the acquisition, Lyst will become a wholly owned subsidiary of...

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Zozo’s founder acquires control stakes in two Japanese fashion brands

New York – Yusaku Maezawa, the founder of Japan’s online fashion store Zozo Inc (3092.T), has acquired control stakes in two fellow Japanese apparel companies, United Arrows and Adastria. . A regulatory filings showed on Thursday shows that Maezawa bought an 8 percent stake in multi-brand retailer United Arrows (7606.T) for 3.5 billion yen...

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Zozo withdraws from Europe and the US, hopes for profit to recover later this year

New York – Japanese online fashion retailer Zozo Inc. said it expects its profit to recover in the current fiscal year, after booking its first-ever annual earnings fall. The earnings report left the industry debating the finances of the company running Zozotown online mall. To date, Zozo has managed to capture almost half of Japan’s online...

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Zozo begins hiring spree for online mall

Japan's Zozo Inc. is engineering a turnaround plan. After their body-measuring Zozo suit failed to drive sales, and executives came under fire for overly ambitious targets for the product, resulting in it being phased out entirely, Zozo is going through a rebirth of sorts. While the Zozo suit wasn't seen as a complete failure, the company is...

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Zozotown, “Japan’s Amazon”, to reach US shores in late July

Later this July, Maezawa’s Zozotown will be debuting it’s first in-house line of clothes in 72 countries, including the US. The new brand is called ‘Zozo’ and will be made-to-fit for every customer. Japan’s largest online fashion retailer Start Today has started to roll out its innovative custom-fit private label Zozo in 72 countries. “...