Flash ReportLVMH Continues Digital Push, Invests in Fashion Search Platform Lyst Coresight Research May 31, 2018 Executive Summary LVMH has led an investment in global fashion search platform Lyst. Lyst did not disclose details of the funds raised, but sources claim that it is in the range of £50–£100 million. Lyst intends to use the fresh funds to expand into new regions and launch local language websites. It also aims to invest further in technology and develop its search algorithms. Bernard Arnault, Chairman and CEO of LVMH, had previously invested in Lyst through his family office. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Hits New Low; Many Consumers Cut Back on Eating Out Amid High Gas Prices: US Consumer Survey InsightsInnovator Profile: BetterBasket—Optimizing Grocery Pricing with AI-Driven InsightsHead-to-Head in Global Luxury Retailing: Kering vs. LVMHThree Data Points We’re Watching This Week, Week 12: US Retail and Consumer Latest
