Global law firm K&L Gates has advised global beauty and fashion technology solutions leader Perfect Corp. in connection with the acquisition of Wannaby Inc., a digital immersive experiences company specializing in virtual try-on technology for luxury brands.
The acquisition will enable Perfect Corp. to expand its offerings into new luxury market segments, including shoes, bags, and apparel. The transaction also initiates a cooperative relationship between Perfect Corp. and Farfetch, a global luxury fashion marketplace, which will continue to incorporate Wannaby's solutions post-acquisition.
The cross-office Corporate deal team was led by Taipei partner Joseph Tseng and managing partner Jacqueline Fu, with support from associates Pearl Kuo (Taipei), Torie Ainsztein (Charlotte), and Anastassia Korin (Boston).
Tseng stated: "We congratulate Perfect Corp. on this milestone achievement and look forward to opportunities to continue to offer support as they evolve their service offerings and accelerate their long-term growth strategy."
K&L Gates' Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.