ZOZO Abruptly Closes Its Online International Shop

ZOZO, the Japanese e-commerce giant led by billionaire Yusaku Maezawa, has abruptly ceased its online operations. The company, which is also behind Japan's ZOZOTOWN e-commerce platform, made the announcement in an email to its customers and in an Instagram post. ZOZO had previously launched its online shop in 72 countries in the regions of the Americas, Europe, Asia Pacific and the Middle East. The closure went into effect on April 25, and the ZOZO app will remain active until May 26. ZOZO had l...