L’Officiel Global successfully acquired the Philippines business to add one more country to direct owner’s model on a worldwide basis
Summary
The continued expansion of direct owner’s model globally as well as the escalated focus into more counties and cities in Asia on top of the currently comprehensive footprint in China, Korea, Singapore, Malaysia, Vietnam, Thailand, Philippines, etc., have all contributed to further strengthening of the L’Officiel brands into a new era under AMTD’s global ownership. Danyl Geneciran, Editor-in-Chief for LOfficiel Philippines, commented, “Times have changed in fashion publishing and L’Officiel rises to this challenge by continuing to bring value to its readers. With AMTD’s acquisition of L’Officiel Philippines, this positions the Brand not just as a fashion platform, but as a leader in the realm of modern media innovation. I look forward to being part of the AMTD family and evolving the way the team works through ideas.” Denise Lau, Head of Strategy and Partnership of AMTD WME, and Asia Managing Director of L’Officiel Inc. SAS, commented, “We extend a warm welcome to the Philippines team on behalf of L’Officiel Global. The L’Officiel SEA team is committed in supporting LOfficiel Philippines and rolling it into our L’Officiel Asia network to deliver our combined solutions to every client and brands.” AMTD Group is a conglomerate with core business portfolio to span across financial services, digital solutions, media and entertainment, education and training, and premium assets.