WME to Embark on Exponential Growth Through Expansion of L'Officiel by Direct Ownership Model
AMTD Group Inc. ("AMTD" or the "Group"), alongside with World Media and Entertainment Group ("WME"), a subsidiary of the Group under AMTD Digital, are excited to jointly announce that L'Officiel will be launched in the following new markets in 2025:
Australia, Canada, Mexico, and Taiwan, including both digital and print versions.
L'Officiel, as a core part of AMTD Group's media, entertainment and culture landscape, has been embarking on a path of global expansion and business model transformation following its acquisition by AMTD Group in early 2022.
The launch of these new markets represents a powerful add-on to WME business spanning editions already in more than 30 countries globally.
Dr. Feridun Hamdullahpur, Chairman of AMTD and WME, commented: "Since its acquisition by AMTD, L'Officiel has exceeded its initial promise of uniting East and West. It is now connecting the entire world by expanding into numerous regions globally. I am particularly excited about our entry into these four new markets. With our direct owner's model and strong commitment to further global expansion, we look forward to sharing our magazine, filled with diverse and enriched content, with readers everywhere."
Mr. Giampietro Baudo, Global Chief Content Officer of L'Officiel, stated: "L'Officiel is a magazine with a history of more than one hundred years non-stop even during the World War II timing, which has always focused on telling the story of the evolution of fashion and style with an eye to the future. The launch of these new editions as direct ownership model will further strengthen L'Officiel's international platform and its presence in all key markets on the global luxury map."
About AMTD Group
AMTD Group is a conglomerate with core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality areas.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE:HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, digital investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.
About World Media and Entertainment
World Media and Entertainment, jointly established by AMTD Group, AMTD IDEA Group (NYSE:AMTD, SGX: HKB)) and AMTD Digital Inc. (NYSE:HKD), focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide. WME comprises L'Officiel, The Art Newspaper, movie and entertainment projects, collectively a diversified media and entertainment portfolio of global businesses.
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 beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and/or AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and neither AMTD IDEA Group nor AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250210121576/en/
For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: [email protected]
For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: [email protected]