AMTD Announces Successful Completion of 100% Acquisition of “The Art Newspaper”
Summary
Last year, AMTD announced the successful acquisition of 100% of L’Officiel SAS Inc. globally, a more than 100-years old and world leading fashion media group to encompass businesses across 30 countries on a worldwide basis. Its unrivalled news and events coverage is fed by a network of international editions, altogether connecting with more than 50 correspondents working in more than 30 countries, with editorial offices in Paris, Moscow and China. The successful acquisition will allow us to focus on long-term value creation and develop more diversities with our larger footprint in the global media and culture world, further solidate our leadership position to deliver comprehensive cultural insights and VIP experiences to our clients and business partners.” Mark Lo commented, “We are pleased to conclude the acquisition of Art Newspaper and will continue to pursue our expansionary plan in the world multi-media space. With the inclusion of a world class leading Art media, we believe our digital transformation strategy will cope well alongside with our expansion into leading media titles to tap into areas including fashion, art and entertainment segments.” AMTD Group is a conglomerate with core businesses to span across financial services, digital solutions, media and entertainment, education and training, and premium assets and hospitality services. 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.