Hong Kong - LFX, the newly launched incubation, investment and operating offshoot of sourcing titan Li & Fung, has furthered its mission to digitally transform the supply chain and retail industries by acquiring the remaining stake in FNX Technologies, a North American-based, apparel 3D render automation startup led by experts drawn from the visual effects (VFX) and animation industry.
The move completes a transaction that began in 2019 when Li & Fung’s corporate development team invested in the startup, recognising the potential of 3D for the fashion industry to accelerate speed to market, reduce waste and help brands remain relevant to consumers.
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