LVMH Invests $60 Million USD into Fashion Platform Lyst

During the companies latest round of funding.

By HB Team
Fashion
9,554 Hypes 7 Comments

Fashion search platform Lyst has received another boost, this time from one of the world’s biggest fashion conglomerates. LVMH has partnered with the company, injecting $60 million USD into the company during the latest round of funding. The investment is there to support the companies expansion into new markets, building on its current offices in New York and London. There’s also a science team that will work on “machine learning, computer vision, AI and neural network techniques,” which it uses to power its search and personalisation algorithms.

Chris Morton, Co-Founder and CEO of Lyst, said the following in a statement:

“This is a time of transformational change in the fashion industry. The shift to digital has enabled Lyst to redefine how customers search and discover fashion online – today we’re already among the top sources of new customers for our partners around the world. Our success to date is based on marrying cutting edge technology with deep fashion expertise. We are thrilled that this will be further strengthened by our partnership with LVMH.”

Part of the move sees LVMH’s chief digital officer Ian Rogers joining the Lyst board, and he said that the move is part of the conglomerate’s desire to “invest across the full spectrum of the online luxury experience.”

In related news, LVMH recently renewed Nicolas Ghesquière’s Louis Vuitton contract.

Read Full Article

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

101 Users Online

What to Read Next

Atlético de Madrid Pays Tribute to Fans' Passion With New Home Kit
Fashion

Atlético de Madrid Pays Tribute to Fans' Passion With New Home Kit

Celebrating the supporters’ role in recent successes.

Christian Louboutin's Latest Loubikick Spike Is a Collage of Colors
Footwear

Christian Louboutin's Latest Loubikick Spike Is a Collage of Colors

Panels on panels.

Travis Scott Photographed in Never Before Seen Purple Air Jordan 4s
Footwear

Travis Scott Photographed in Never Before Seen Purple Air Jordan 4s

More Jordan Brand collabs for La Flame?


Pusha T and Cali Thornhill DeWitt Collide on New Merch Range
Fashion

Pusha T and Cali Thornhill DeWitt Collide on New Merch Range

Inspired by ‘DAYTONA.’

Spotify’s $112.5 Million USD Class-Action Copyright Lawsuit Settlement Gets Approved
Music

Spotify’s $112.5 Million USD Class-Action Copyright Lawsuit Settlement Gets Approved

Including an immediate immediate cash payment of $43.55 million USD.

Skepta Teases Latest Mains Collection
Fashion

Skepta Teases Latest Mains Collection

Featuring a “special padlock” from Yoon Ahn.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.