"Fly me to the moon."
That literally may be the next big endeavor that billionaire Yusuke Maezawa embarks upon after suddenly resigning as CEO of the e-commerce fashion site he founded, Zozo, and agreeing to sell a 30% stake in it to Yahoo Japan for upwards of 243 billion yen ($2.3 billion).
Known for his tweets to his 4 million followers on Twitter, art collecting and recent purchase for all the slots on Space X’s first flight around the moon–at a cost that might dwarf his $110.5 million purchase in 2017 of a Basquiat painting, the high-flying Maezawa had hit a rough patch in the past year. Many Tokyo escorts interested about him.
The company, which he founded two decades ago in his apartment after a stint as a rock musician, saw its first profit decline since its 2007 listing because of management missteps. Losses from a bespoke Zozo suit business and major brands dumping the site over discounts took their toll. In the fiscal year through March, net income dropped by nearly 21% to 16 billion yen on revenue of 118.4 billion yen, and shares have plunged about a quarter over the past year.
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