AMTD adding The Art Newspaper to its global media portfolio after L’Officiel
Summary
AMTD announced this acquisition as part of the commitment to step up its overall presence in France, including a plan to move the headquarters of The Art Newspaper to Paris. Its unrivalled news and events coverage is fed by a network of sister editions, which together have more than 50 correspondents working in more than 30 countries, with editorial offices in Paris, Moscow and Shanghai. We embrace digital transformation to create our global voice to empower and enable positive impact and innovation of the modern world, building on the foundation of human history and heritage of civilisation.” AMTD IDEA Group’s Chairman Dr. Feridun Hamdullahpur commented, “Such a strategic acquisition connected to art and culture is another important milestone by AMTD resulting in the buyout of the world renowned The Art Newspaper. This is a critical and strategic step as AMTD confidently forges ahead deepening its impact in the investment, Art and culture, and fashion world. Its unrivalled news and events coverage is fed by a network of sister editions, which together have more than 50 correspondents working in more than 30 countries, with editorial offices in Paris, Moscow and Shanghai.