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Custom fit fashion retailer Zozo pulls out of overseas markets

CEO's global ambitions shredded as German and US losses pile up

A year ago, founder and CEO Yusaku Maezawa was boasting about Zozotown's goal of becoming "a top 10 apparel company" with a valuation of 5 trillion yen.   © Reuters
AKANE OKUTSU and RURIKA IMAHASHI, Nikkei Staff Writers | Japan

TOKYO -- Japanese online fashion retailer Zozo is pulling out of international markets barely a year after unveiling an ambitious plan to sell its unique brand of custom-made clothing in over 70 markets.

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