Lyst, a high-end fashion marketplace that was once valued at $700 million, has been acquired for just $154 million in cash by Zozo, a Japan-based fashion and e-commerce business. Zozo owns a ...

By Vivian Morelli Reporting from Otsuchi, Japan On March 11 ... assistance can only be provided through the ‘business’ of fashion.” Mr. Fujiwara came up with the business’s name, combining ...