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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

20190425 JAPAN-RETAIL/ZOZOTOWN

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
April 25, 2019 18:26 JST
Updated on April 25, 2019 22:21 JST

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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