Yahoo Japan bids for control of fashion e-tailer Zozo

Yahoo Japan bids for control of fashion e-tailer Zozo

Yahoo Japan has said it will take over Japan’s biggest online fashion retailer Zozo for 400 billion yen ($3.7 billion). Zozo’s founder Yusaku Maezawa said he will step down as CEO and sell most of his stake after a series of missteps slashed the firms market value by more than half from a peak last year of $14 billion.

Simone
Simone
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