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Sydnee Gatewood
Sydnee Gatewood
Articles (2467) 

T. Rowe Price Fund Comments on Zozo

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December 30, 2019 | About:
We sold our holding in Zozo (TSE:3092), which operates Japan’s leading online fashion apparel site, ZOZOTOWN. This was prompted by the partial takeover of Zozo by Yahoo! Japan and the strong outperformance that followed. We believe that the company may become less innovative after the deal, while minority shareholders will eventually be taken out.

From the T. Rowe Price Japan Fund (Trades, Portfolio)'s 2019 annual shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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