Zozo acquires LYST, expanding global reach in luxury fashion
Zozo (TSE:3092) announced the acquisition of LYST LTD for USD 154 million through a newly established UK-based subsidiary. The acquisition will solidify Zozo's global expansion strategy. LYST, a UK-based company with a focus on Europe and the US, operates a luxury-fashion shopping platform that connects customers with over 27,000 brands, offering over 97 million SKUs. The LYST acquisition is expected to close in late April 2025, subject to customary conditions, and Zozo expects to fund the transaction through existing cash reserves. Zozo aims to integrate its technology and expertise with LYST's platform to offer consumers improved choices and facilitate individual style discovery. The impact on Zozo's consolidated financial results for the fiscal year ending March 2026 is under review.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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