Fashion

Hong Kong’s AMTD signs deal to acquire L’Officiel


AMTD International, a dual listed company of the NYSE and SGX-ST and a subsidiary of the AMTD group of companies, is a leading Asian financial services focused group headquartered in Hong Kong. The company has announced the signing of a definitive agreement to acquire 100% equity in L’Officiel, a global fashion media holding group.

L’Officiel acts as the operating holding company of the iconic French magazine L’Officiel, which recently celebrated its 100th anniversary and the global L’Officiel network of brands luxury and fashion communication. It reaches 80 countries and nearly 100 million people around the world. L’Officiel recently launched a pioneering initiative based on the metaverse – to mark its one year old, the company said in a press release.

Under the new management structure, Benjamin Eymère will continue to hold the position of CEO of L’Officiel. In addition, he has been appointed metaverse director of AMTD International. In this newly created role, Eymère is responsible for driving AMTD innovation in the Metaverse space.

AMTD International, a dual listed company of the NYSE and SGX-ST and a subsidiary of the AMTD group of companies, is a leading Asian financial services focused group headquartered in Hong Kong. The company has announced the signing of a definitive agreement to acquire 100% equity in L’Officiel, a global fashion media holding group.

“By integrating L’Officiel into AMTD’s Spider Web, L’Officiel demonstrates AMTD’s ability to enable connectivity and position us as a core player in the luxury media and fashion sectors. Global. The AMTD team is committed to investing in and strengthening the connection points between people’s interests, lifestyles, and ESG initiatives, acting as a hyperconnector. This acquisition is the ideal springboard for L’Officiel to lead the adoption of new Web 3.0 technologies and practices along with the comprehensive financial services tools and infrastructure established by AMTD across Europe. ASIAN, ” Calvin Choi, Chairman of AMTD Corporation and Founder of AMTD International said in a statement.

“I am delighted with the acquisition of this exciting new L’Officiel joining the extended AMTD family. In our increasingly complex and interconnected world, many strategic synergies are forming that enable much greater impact and value to be created. Today’s announcement clearly demonstrates and amplifies AMTD’s overall vision as a bridge between its strong investment footprint and the world of fashion and digital connectivity. Today marks a very important day for the AMTD family as we can look to the future with greater confidence and business determination,” Feridun Hamdullahpur, Chairman of the Board of Directors of AMTD International speak.

“AMTD International prides itself on innovation and provides leading edge products and services to our customers. The successful acquisition of L’Officiel demonstrates our ambition and commitment to further diversifying our business and capabilities, and is fully aligned with the overall IDEA strategy and roadmap. expansion of the AMTD group. I would like to extend my warmest welcome to Benjamin Eymère and the L’Officiel team to the AMTD family. I am extremely excited to begin our journey into the Metaverse with the support and expertise of Benjamin. The opportunities and imagination are limitless and have no boundaries,” William Fung, CEO of AMTD International speak.

“Our goal is to demonstrate AMTD International’s leadership in the fields of multilateral culture and entertainment, as well as multimodal investment banking. I am very pleased that we are joining the AMTD family and AMTD International’s expansion plan is to launch a new world of decentralized entertainment and services, leveraging technology transformation. AMTD complex numbers,” Eymère speak.

Fiber2 fashion news desk (GK)





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