Li & Fung offshoot LFX acquires remaining stake in FNX Techn

Li & Fung offshoot LFX acquires remaining stake in FNX Technologies


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Pic: LFX / FNX
Taking another significant step towards its mission to digitally transform the supply chain and retail industries, LFX, an offshoot of Li & Fung, has acquired the remaining stake in FNX Technologies, a North America-based, apparel 3D render automation startup led by experts with decades of experience in the visual FX and animation industry.
FNX’s media and entertainment experts deliver photorealistic 3D images 20x faster to enable apparel brands to scale 3D journey.
The move completes the transaction that began in 2019 when Li & Fung’s Corporate Development team invested in the startup, recognising the importance of 3D for the fashion industry to accelerate speed to market, reduce waste and help brands remain relevant to consumers.

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