Wannaby is known for its virtual try-on technology and digitization solutions for the fashion industry and has served over 30 leading luxury brands. By integrating Wannaby’s innovative solutions with Perfect Corp.’s cutting-edge beauty technology solutions, the company plans to redefine the digital experience in fashion and beauty. This strategic move expands Perfect Corp.’s capabilities and solidifies its position as a technology leader in the luxury fashion space.
Perfect Corp. is acquiring Wannaby Inc., an expert in virtual try-on technology, with the aim of expanding into luxury goods such as shoes, bags and apparel. The move strengthens the company’s fashion technology capabilities and strengthens its collaboration with Farfetch. The acquisition aims to redefine the digital experience in beauty and fashion and is expected to close shortly, subject to customary conditions.
“By welcoming Wannaby’s capabilities to our portfolio, we enrich our digital solutions and strengthen our presence in the fashion tech world,” said Alice Chang, Founder and CEO of Perfect Corp. “We are poised to strengthen. This will allow us to expand into new fashion categories such as footwear and footwear.” The bags are a testament to our commitment to innovation and our ability to provide exceptional value to customers in a variety of sectors. ”
This acquisition also marks the beginning of a partnership between Perfect Corp. and Farfetch. Post-acquisition, Farfetch will continue to leverage Wannaby’s solutions to power its digital shopping experience, reflecting a shared vision for the future of fashion technology.
The acquisition is expected to close in the coming months, subject to customary closing conditions.
Note: Headlines, insights, and images in this press release may have been improved by Fibre2Fashion staff. The rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
