CLO Virtual Fashion & Epic Games enter cross-sharing deal

15 May '23

2 min read

Pic: CLO Virtual Fashion/Epic Games

Insights

CLO Virtual Fashion and Epic Games, the developer of Unreal Engine, have bought each other's shares.
CLO Virtual Fashion offers a wide range of products, including 3D garment design software, aiming to enhance digital entertainment with realistic clothing.
Simon Kim, CEO of CLO, sees digital garments as crucial for future metaverse platforms.

CLO Virtual Fashion, digital garment solutions company and the developer of CLO and Marvelous Designer, and Epic Games, the developer of Unreal Engine, have announced that the companies have purchased shares in each other.

CLO Virtual Fashion is a digital fashion industry leader offering 3D garment design software, a digital CMS, collaboration platform, and an open marketplace. It facilitates integrated workflows for 3D designers, animators, and fashion professionals, enhancing games and metaverse platforms with realistic clothing and boosting the value of digital garments, the company said in a press release.

“We strongly believe that digital garments will play a significant role in the future of digital entertainment and metaverse platforms,” said Simon Kim, CEO of CLO Virtual Fashion. “We are building toward a future where we imagine the digitisation of everything, the convergence of fashion with entertainment and the metaverse. Our visions are aligned, and we are committed to building the future that we envision.”

“Bringing high-quality digital fashion into real-time virtual worlds is complex and can be a creative barrier for digital fashion creators. It is exciting to see how CLO Virtual Fashion’s solutions work with Unreal Engine to help designers across industries make life-like digital fashion garments,” said Kim Libreri, chief technology officer at Epic Games.

Fibre2Fashion News Desk (NB)

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