Global fashion shopping platform Lyst has announced that it has entered into a definitive agreement to be acquired by ZOZO, which operates a fashion e-commerce platform ZOZOTOWN in Japan, for $154m. Following the acquisition, Lyst will become a wholly owned subsidiary of ZOZO. 

The acquisition of Lyst will form the cornerstone of ZOZO’s international expansion strategy as the group further expands its global position. Lyst’s strong footprint across the USA, UK and Europe is complementary to ZOZO’s leading market position in Japan, providing pathways for both companies to expand into new markets.

Lyst’s growth strategy will be fully supported by ZOZO, which will invest in accelerating the development of Lyst’s cutting-edge AI-driven discovery experience.

The acquisition is expected to complete before the end of April 2025. Following the acquisition, Lyst will continue to operate as a standalone business based in London, with Emma McFerran continuing as CEO.

For more information, visit lyst.com.