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Lyst, a fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M
Fashion goes in and out of style, and so, it turns out, do fashion startups. Lyst -- the high-end fashion marketplace with 160 million users that was once
Second, even before those tariffs became an issue, Lyst was facing massive competition in online fashion not just from other specialist players but also behemoths like Amazon and Temu. However, not only did the IPO window slam shut, but a lot of the inflated gains e-commerce companies saw during the pandemic quickly lost air as consumers returned to their pre-pandemic spending habits. “This is an exciting moment for Lyst, and a win-win for our fashion ecosystem of shoppers and partners as we move forward as part of ZOZO Group,” McFerran said in a statement.
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