Perfect Corp. (PERF) Acquires Wannaby from Farfetch, Merging Beauty and Fashion Tech to Dominate the AI Industry

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Perfect Corp. (PERF), a global trailblazer in AI and AR beauty and fashion technology, has officially completed the acquisition of Wannaby Inc., a visionary in augmented reality and digital try-on solutions from Farfetch, a leading global market place for the luxury fashion industry. This strategic move solidifies Perfect Corp.’s leadership in the luxury fashion tech space, while opening doors to exciting new opportunities in shoes, bags, and apparel.

With this acquisition, Perfect Corp. isn’t just adding technology—it’s redefining how we shop for luxury goods in the digital age.

Expanding Horizons: From Beauty to Fashion

Perfect Corp., long celebrated for revolutionizing beauty with its AI-powered tools, is now bringing its innovation to luxury fashion. Wannaby’s cutting-edge AR technology allows consumers to virtually try-on shoes, bags, and accessories in real-time, transforming the way people engage with luxury brands.

“We’re thrilled to finalize this acquisition and welcome the talented Wannaby team into the Perfect Corp. family,” said Alice Chang, Founder and CEO of Perfect Corp. Wannaby’s impressive client list of over 30 luxury fashion brands makes this acquisition a game-changer for Perfect Corp. Wannaby boasts an impressive client list including Balenciaga, Dolce & Gabbana, Valentino, FARFETCH, IWC, and a host of other powerhouse brands. The acquisition by Perfect not only provides a swathe of opportunities to grow revenue and it’s client list, but also continually expand Perfect’s reach into new and exciting markets. 

Technology That Delivers Results

Perfect Corp. has already proven its ability to transform industries with tools like virtual makeup try-ons, skin diagnostics, and AI-driven beauty recommendations. The company has helped brands like MAC Cosmetics, Clinique, and Benefit Cosmetics achieve staggering results, including:

• 200% boost in customer engagement with virtual try-ons.
• 14x uplift in sales through personalized skin diagnostics.
• 35% increase in basket size, demonstrating the power of purchase confidence.

Now, with Wannaby’s technology, connections, and additional expertise, Perfect Corp. is poised for continued success in the luxury fashion market. The integration promises to bring cutting-edge tools to luxury brands, offering an immersive shopping experience that blurs the lines between in-store and online.

Innovation at the Core

Perfect Corp. isn’t stopping there. The company continues to invest in groundbreaking technology, including its most recent innovation, Perfect Corp.’s AI APIs, which allow developers to integrate virtual try-ons and advanced image processing tools into their platforms, ensure that its technology is scalable and accessible for businesses of all sizes.

Perfect Corp. is delivering results where it matters—customer engagement, sales growth, and technological innovation. While this acquisition is sure to considerably expand Perfect Corp’s opportunities, this news comes after a streak of continued success. Notably, users continue to flock to their B2C apps due to its unmatched functionality and innovation. Their flagship suite of apps under the YouCam brand is quickly approaching 1,000,000 subscribers and lets users utilize a host of AI and AR technology from the convenience of a mobile device. Key functionalities include AR makeup and AI selfie editing, video editing for selfie videos, and AI text to image generator, among many other functions. 

If you’ve been searching for an innovative company poised for explosive growth, now is the time to take a closer look at Perfect Corp. The combination of AI, AR, and a track record of industry-defining partnerships makes this a stock to watch—and potentially, invest in.

A Future Built on Innovation

The closing of the Wannaby acquisition is more than just a business deal; it’s a bold leap into the future of luxury retail. By combining their expertise, Perfect Corp. and Wannaby are setting the stage for a new era where consumers can interact with luxury brands in ways that were previously unimaginable.

With its relentless focus on innovation and a growing presence in the fashion world, Perfect Corp. isn’t just leading the market—it’s redefining it.

For those intrigued by the possibilities of what’s next, this may just be the perfect time to invest in a company that’s shaping the future of beauty and fashion.

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