CosmicTaco

Lyst Acquired by Zozo for $154M

CosmicTaco · 2025-04-09T16:57:40.536672+05:30

- Lyst, once valued at $700M, has been acquired by Japan's Zozo for $154M in an all-cash deal. - Zozo plans to operate Lyst as a standalone business, with CEO Emma McFerran staying on board. - The acquisition comes amidst global trade uncertainties, fierce competition, and a shift in tech investment towards AI. - Lyst has a significant international presence with customers in 190 markets, but has faced challenges post-Covid. - This deal could provide Lyst with the economies of scale needed to improve its financial performance. Source: [TechCrunch](https://techcrunch.com/2025/04/09/lyst-the-fashion-marketplace-once-valued-at-700m-sells-to-japans-zozo-for-154m/)

Lyst, once valued at $700M, has been acquired by Japan's Zozo for $154M in an all-cash deal.
Zozo plans to operate Lyst as a standalone business, with CEO Emma McFerran staying on board.
The acquisition comes amidst global trade uncertainties, fierce competition, and a shift in tech investment towards AI.
Lyst has a significant international presence with customers in 190 markets, but has faced challenges post-Covid.
This deal could provide Lyst with the economies of scale needed to improve its financial performance.

Source: TechCrunch