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Business deals

Zozo founder to launch new business after $2bn exit

Maezawa plans to work out and learn Russian to prepare for trips to space

From left: Yahoo Japan President Kentaro Kawabe, new Zozo President Kotaro Sawada, and Zozo founder Yusaku Maezawa, pose for photos during a news conference in Tokyo on Sept. 12. (Photo by Ken Kobayashi)

TOKYO -- High-profile entrepreneur Yusaku Maezawa said Thursday he would launch a new company and learn Russian to communicate with astronauts during his space travels, after agreeing to sell more than $2 billion worth of shares in Zozo, the online fashion mall he founded more than two decades ago.

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