– Dr. Calvin Choi, Founder of AMTD International, President of the AMTD Group, Appointed Lead Chairman of the Board of Directors of L’Officiel Inc.
– Benjamin Eymère, CEO of L’Officiel, appointed Chief Metaverse Officer of AMTD International
NEW YORK and HONG KONG e SINGAPORE, January 20, 2022 / PRNewswire / – AMTD International Inc. (“AMTD international“, NYSE: HKIB; SGX: HKB), a dual-listed NYSE and SGX-ST company and a subsidiary of the AMTD Group, is a leading company Hong Kong conglomerate focused on Asian financial services with headquarters. Today it announced the signing of a definitive agreement to acquire a 100 percent stake in L’Officiel Inc., (“Officer“), a global group of fashion media holdings.
L’Officiel serves as the operating holding company for the iconic French magazine L’Officiel, which recently celebrated its 100th anniversary, and L’Officiel’s global network of luxury fashion and media brands. It reaches 80 countries and nearly 100 million people around the world. Recently, L’Officiel launched a pioneering metaverse-based initiative to celebrate its centennial.
“By integrating L’Officiel into AMTD’s SpiderNet, L’Officiel demonstrates AMTD’s ability to enable connectivity and positions us as a leading player in the global fashion and luxury media industry.” said Dr. Calvin Choi, President of the AMDD Group and Founder of AMTD International. “AMTD Group is committed to investing in and cementing connection points between people’s interests, lifestyle and ESG initiatives, acting as a super-connector. The acquisition is the ideal springboard for L’Officiel to lead the ” adoption of new Web 3.0 practices and technologies coupled with the comprehensive financial services tools and infrastructure created by AMDD throughout Asia. “
Dr. Feridun Hamdullahpur, Chairman of the Board of AMTD International, said: “I am delighted with this exciting new acquisition of L’Officiel joining the AMTD family. In our increasingly complex and interconnected world, many are forming Strategic synergies that enable impact and value proposition. Today’s announcement clearly exemplifies and amplifies AMTD’s overall vision, combining its strong investment footprint and the world of fashion along with digital connectivity. Today marks a very important day for the AMTD family as we can look to the future with greater confidence and business resolve. “
William Fung, CEO of AMTD International added: “AMTD International is proud of innovation and offering cutting-edge products and services to our customers. The successful acquisition of L’Officiel demonstrates our ambition and commitment to continue to diversify. our activities and capabilities and to be perfectly aligned with the AMTD Group’s overall IDEA strategy and expansion roadmap. I would like to warmly welcome Benjamin Eymère and the L’Officiel team to the AMTD family. I am extremely excited to undertake our Journey into the Metaverse with Benjamin’s support and experience. The opportunities and imagination are limitless and boundless. “
Under the new management structure, Benjamin Eymère will continue to hold the role of CEO of L’Officiel. Additionally, he was appointed Chief Metaverse Officer of AMTD International. In this newly created role, Eymère is responsible for driving AMDD’s innovation into the Metaverse space. “Our goal is to show AMTD International’s leadership in the metaversal cultural and entertainment areas and in metaversal investment banking,” said Eymère. “I am very pleased with our admission into the AMTD family and AMTD International’s extended plan is to launch a new world of decentralized services and entertainment content by leveraging AMTD’s sophisticated digital transformation capabilities.”
As part of this strategic vision, AMTD is pleased to announce the opening of AMTD x L’Officiel terrain in The Sandbox, one of the leading decentralized virtual gaming worlds and subsidiary of Animoca Brands. The virtual space will feature a project that draws on L’Officiel’s database of over 100,000 exclusive images from its 100-year history of fashion and culture. Titled “Fashion Skin”, the project will include a collection of virtual clothing ready for the metaverse. The pieces will be developed by applying artificial intelligence to L’Officiel’s fashion image database.
The acquisition of L’Officiel and the launch of a one-of-a-kind initiative in The Sandbox represent the IDEA strategy of the AMTD Group which encompasses a variety of creative and innovative projects around the world in the media and entertainment sectors. entertainment, knowledge and education and banking investment cryptocurrencies. In addition, the extended group AMTD International plans to establish / develop L’Officiel’s presence in Hong Kong, Macau, the Czech Republic, Hungary, Swiss, And Netherlands in the next months.
Global Emerging Markets North America Inc. (“GEM”) and Financière Jalou are delighted to celebrate L’Officiel’s 100th anniversary and both parties are committed to ensuring the continued success of the global media network by benefiting from full collaboration with AMTD International . Christopher Brown, founder of GEM, and Marie-José Jalou, president of Financière Jalou, will continue to serve as co-chairs on the board of L’Officiel Inc., together with Dr. Calvin Choi as Lead Chairman of the newly appointed board.
About AMDD International Inc.
AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier Hong Kong-group of financial institutions with headquarters that connects companies and investors from Asia, Included China And Hong Kong as well as ASEAN markets with global capital markets. Its comprehensive strategy of one-stop financial services solutions meets the diverse and interconnected financial needs of different clients at all stages of their lifecycle. Leveraging its deep roots in Asia and its unique ecosystem – “AMTD SpiderNet” – the Company is uniquely positioned as an active super-connector between customers, business partners, investee companies and investors, connecting East and West. For more information, visit www.amtdinc.com or follow us on Twitter at “@AMTDGroup”. For Company announcements, visit http://ir.amtdinc.com/News.
About L’Officiel Inc.
L’Officiel (www.lofficiel.com) is a global fashion media company born in Paris in 1921. As the leading authority in fashion, beauty and luxury, the company publishes 33 editions with distribution in 80 countries. Across the platforms, her network engages nearly 100 million fashion enthusiasts around the world.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “probably” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Additional information on these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release and AMTD undertakes no obligation to update any forward-looking statements, except as required by applicable law.
AMTD IR office (email@example.com)
AMD International Inc.
Adriana Stan, firstname.lastname@example.org, +1 917-628-0362
View original content: https://www.prnewswire.com/news-releases/amtd-international-acquires-global-fashion-media-group-lofficiel-inc-sas-301464949.html
SOURCE AMTD International Inc.