Carlsquare advised ZOZO, Inc. (‘ZOZO’), the leading fashion platform in Japan, to expand their footprint outside Japan with the acquisition of (‘Lyst’), a UK-based global fashion shopping platform, for equity purchase price of $154m. This transaction marks the cornerstone of ZOZO’s international expansion strategy. Together with Lyst, ZOZO aims to transform the future of fashion discovery through AI and technology. Lyst’s growth strategy will be fully supported by ZOZO, who will invest in accelerating the development of Lyst’s cutting-edge AI-driven discovery experience.
