Perfect Corp news and archive

Perfect Corp receives take-private proposal from CEO

AI and AR fashion tech company Perfect Corp has confirmed the receipt of a non-binding proposal to take the company private. The bid, valued at 1.95 dollars in cash per ordinary share, was made by the firm’s founder, chief executive officer and chairwoman, Alice Chang, and her controlled entities, or consortium members. Together, the group...

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Perfect Corp. acquires virtual try-on expert Wannaby

Beauty and fashion tech solutions provider Perfect Corp. has entered into an agreement with Farfetch, to acquire Wannaby, a digital immersive experiences expert. This acquisition, Perfect Corp. said in a release, represents a significant milestone in integrating advanced technology, enabling the company to expand its offerings into new luxury...

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Perfect Corp Q2 revenue up, but swings to loss

Perfect Corp, a company that provides AR and AI Software-as-a-Service (SaaS) for global beauty and fashion businesses, has swung to a loss in the second quarter despite posting an 11.9 percent increase in revenue. The US company made revenue of 12.7 million dollars in the three months to June 30, which it said was primarily due to strong growth...

Retail

Perfect Corp to debut AR beauty solutions in airports via new partnership

Tech firm Perfect Corp has unveiled a new partnership with travel retailer Dufry, which will see its artificial intelligence (AI) and augmented reality (AR) beauty solutions debut in a number of duty free airport locations. The deal introduces in-store and virtual makeup try-ons for 15 brands – including Benefit, Kylie Cosmetics and Huda Beauty...

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How beauty retail is leading the way in tech innovation

Virtual try-on – or VTO – refers to the use of augmented reality (AR) to view digitised versions of an object, most often seen in the overlay of an image that aims to give an idea of what something may look like in the ‘real world’. It is this technology that is at the forefront of Perfect Corp’s B2B offering, sitting alongside other artificial...

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Perfect Corp to carry out 20 million dollar share repurchase plan

Tech firm Perfect Corp has announced it will be carrying out a large-scale share purchase plan after its board of directors authorised the move. Such a strategy will allow the company to repurchase up to 20 million dollars of its Class A ordinary shares over a 12-month period. It comes as Perfect Corp’s board outlined its beliefs that the shares...

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Perfect Corp. posts quarterly sales growth of 9.7 percent

Perfect Corp. reported revenue growth of 9.7 percent to 12.1 million dollars for the quarter and up 0.9 percent year over year, primarily due to strong growth momentum in AR/AI cloud solutions and subscription revenues. The company, provider of augmented reality (AR) and artificial intelligence (AI) Software-as-a-Service (SaaS) solutions to...

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Perfect Corp FY revenue up, but losses widen

Perfect Corp, a company that provides augmented reality (AR) and artificial intelligence (AI) Software-as-a-Service (SaaS) for global beauty and fashion businesses, has reported an increase in revenue but widening losses in its most recent full-year report. In the 12 months to December 31, the company’s revenue increased 16 percent to 47.3...

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Are virtual try-ons the future of retail?

The retail landscape is undoubtedly evolving alongside the ever-adapting consumer, and with it has come the inevitable technological developments that intersect with the interests and behaviours of younger generations. One of these components is that of virtual try-ons – also known as VTOs – which have not only started to take ownership of the...

Fashion

Fashion tech: Consumers can now virtually try-on 3D necklaces

Online shopping for jewellery, specifically necklaces, has just been made easier with a new virtual try-on solution launched by Perfect Corp. Jewellery, like fashion, is size and fit sensitive, and digital innovation in the sector allows retailers and jewellery brands to boost online customer shopping experiences. In a statement Perfect Corp....

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Avon to implement virtual try-on shopping experience via Perfect Corp.

Avon is set to launch a virtual try-on online (VTO) shopping experience in nine of its initial markets, including the UK, through a collaboration with artificial intelligence (AI) and augmented reality (AR) beauty and fashion tech provider, Perfect Corp. The feature will allow Avon shoppers to try on around 400 makeup products, from lips, eyes...

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AR beauty and fashion developer Perfect Corp goes public

Perfect Corp, a developer of augmented reality (AR) and artificial intelligence (AI) solutions for beauty and fashion companies, has been listed on the New York Stock Exchange (NYSE) with Class A ordinary shares. Founder and chief executive officer of the Taiwan-based tech firm, Alice Chang, rang the bell at the NYSE to open its first trading...