- Dr. Calvin Choi, Founder of AMTD International, Chairman of
AMTD Group, Appointed Lead Chairman of Board of Directors of
L’Officiel Inc.
- Benjamin Eymère, CEO of L’Officiel, Appointed Chief Metaverse
Officer of AMTD International
AMTD International Inc. (“AMTD International”, NYSE:
HKIB; SGX: HKB), a NYSE and SGX-ST dual-listed company and a
subsidiary of AMTD Group, is a leading Hong Kong headquartered
Asian financial services focused conglomerate. Today, it announced
the signing of a definitive agreement to acquire 100 percent of the
equity interest in L’Officiel Inc., (“L’Officiel”), a global
fashion media holding group.
L’Officiel serves as the operational holding company for the
iconic French magazine L’Officiel, which recently celebrated its
100th anniversary, and the global L’Officiel network of fashion and
luxury media brands. It reaches 80 countries and nearly 100 million
people around the world. Recently, L’Officiel launched a pioneering
metaverse-based initiative - to mark its centennial year.
“By integrating L’Officiel into AMTD’s SpiderNet, L’Officiel
demonstrates AMTD’s ability to enable connectivity and positions us
as a core player in the global fashion and luxury media sector,”
said Dr. Calvin Choi, Chairman of AMTD Group and Founder of AMTD
International. “AMTD Group is committed to investing into and
cementing points of connectivity between peoples’ interests,
lifestyle, and ESG initiatives, acting as a super-connector. The
acquisition is the ideal springboard for L’Officiel to spearhead
the adoption of new Web 3.0 practices and technologies coupled with
the comprehensive financial services tools and infrastructure set
up by AMTD across Asia.”
Dr. Feridun Hamdullahpur, Chairman of the board of directors of
AMTD International stated, “I am delighted with this exciting new
acquisition of L’Officiel joining the AMTD family. In our
increasingly complex and interconnected world, many strategic
synergies are forming enabling much bigger impact and value
proposition. Today’s announcement clearly exemplifies and amplifies
AMTD’s overall vision bridging its strong investment footprint and
the fashion world together with digital connectivity. Today marks a
very important day for the AMTD family as we can look into the
future with greater confidence and business resolve.”
William Fung, CEO of AMTD International added, “AMTD
International pride ourselves on innovation and offering leading
edge products and services to our clients. The successful
acquisition of L’Officiel shows our ambition and commitment to
continue diversifying our businesses and capabilities, and to be
perfectly aligned with the overall AMTD Group’s IDEA strategy and
expansion roadmap. I would like to extend the warmest welcome to
Benjamin Eymère and the L’Officiel team to the AMTD family. I am
extremely excited to embark on our journey into the Metaverse with
the support and expertise from Benjamin. Opportunities and
imagination are unlimited and without boundaries.”
Under the new management structure, Benjamin Eymère will
continue to serve as CEO of L’Officiel. In addition, he has been
appointed as Chief Metaverse Officer of AMTD International. In this
newly created role, Eymère is responsible for driving AMTD’s
innovation in the Metaverse space. “Our goal is to showcase AMTD
International’s leadership in metaversal entertainment and cultural
areas, and metaversal investment banking,” Eymère said. “I am very
pleased about our admission into the AMTD family, and the extended
AMTD International’s plan is to roll out a new world of
decentralized services and entertainment contents, leveraging
AMTD’s sophisticated of digital transformation capability.”
As part of this strategic vision, AMTD is delighted to announce
the opening of the AMTD x L’Officiel land in The Sandbox, a leading
decentralized gaming virtual world and subsidiary of Animoca
Brands. The virtual space will feature a project that draws upon
L’Officiel’s database of more than 100,000 exclusive images from
its 100-year history of fashion and culture. Titled “Fashion Skin,”
the project will include a collection of metaverse-ready virtual
clothing. The pieces will be developed by applying artificial
intelligence to L’Officiel’s database of fashion imagery.
The acquisition of L’Officiel and the launch of a
first-of-its-kind initiative in The Sandbox signify AMTD Group’s
IDEA strategy which embraces a variety of creative and innovative
projects around the world in media and entertainment, knowledge and
education, and crypto investment banking. In addition, the enlarged
AMTD International Group plans to establish/develop L’Officiel’s
presence in Hong Kong, Macau, the Czech Republic, Hungary,
Switzerland, and the Netherlands in the coming months.
Global Emerging Markets North America Inc. (“GEM”) and
Financière Jalou are pleased to celebrate L’Officiel’s 100th
anniversary and both parties are committed to ensuring the global
media network’s continued success benefiting from comprehensive
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 the newly appointed Lead Chairman
of the board.
About AMTD International Inc.
AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier Hong
Kong-headquartered financial institution group connecting companies
and investors from Asia, including China and Hong Kong as well as
the ASEAN markets with global capital markets. Its comprehensive
one-stop financial service solutions strategy addresses different
clients’ diverse and inter-connected financial needs across all
phases of their life cycles. Leveraging its deep roots in Asia and
its unique eco-system — the “AMTD SpiderNet” — the Company is
uniquely positioned as an active super-connector between clients,
business partners, investee companies, and investors, connecting
the East and the West. For more information, please visit
www.amtdinc.com or follow us on Twitter at “@AMTDGroup.” For the
Company’s announcements, please 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 a leading authority in fashion, beauty,
and luxury, the company publishes 33 editions with distribution in
80 countries. Across platforms, its network engages nearly 100
million fashion enthusiasts worldwide.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
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. Further
information regarding 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
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220120005586/en/
Media: AMTD IR office (ir@amtdinc.com) AMTD International
Inc. +852 3163-3389
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