Lyst, the fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M

Fashion marketplace Lyst, once valued at $700 million, has been acquired by Japan-based e-commerce business Zozo for $154 million in cash. Lyst, with 160 million users, has experienced a significant decrease in value, showcasing the volatility of fashion startups in the industry. The acquisition highlights the ever-changing nature of the fashion world and the importance of adaptability for businesses in this sector.

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