LVMH Continues Digital Push, Invests in Fashion Search Platform Lyst

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.