AMTD Group to Add International Fashion Brand VIVIENNE TAM to Its Portfolio After Acquisition of L’Officiel SAS

AMTD IDEA Group, a subsidiary of AMTD Group Company Limited (“AMTD Group”) and a leading platform for comprehensive financial services and digital solutions, and AMTD Digital, a controlled and consolidated subsidiary of AMTD IDEA and a comprehensive one-stop digital solutions platform in Asia, jointly announced that AMTD Group entered into a term sheet (the “Term Sheet”) with Ms. Vivienne Tam for the acquisition of the “VIVIENNE TAM” brand including acquisition of certain assets and intellectual properties globally (the “Assets Acquisition”). Ms. Vivienne Tam will be appointed as head of design and creations of AMTD Digital and, subject to the corporate governance approval procedures, be appointed as a board director of AMTD Digital.

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“China Fashion Award — International Designer of the Year 2017”

VIVIENNE TAM is a leading international fashion brand originated from its Hong Kong roots with Asian heritage which embodies AMTD Group’s global vision of building bridges between the East and the West. VIVIENNE TAM was founded in 1993 in New York City by the internationally famous fashion designer Ms. Vivienne Tam, who was honored by Forbes Magazine as one of the “25 Top Chinese-Americans in Business” and People Magazine as one of the “50 Most Beautiful People” in the world. Through this Assets Acquisition, AMTD Group intends to devote its efforts to develop and transform VIIVENNE TAM into an increasingly global front-running brand expanding in full scale into the metaverse and tapping into a global network of Web3 partners.

The Assets Acquisition is expected to facilitate a synergetic integration of VIVIENNE TAM with AMTD Group’s global network of key ecosystem players and intellectual properties including L’Officiel.

Narrating brand stories since 1921 for more than 100 years, L’Officiel will lead the step-up of VIVIENNE TAM’s brand legacy, fuse its digital transformation, and expand its global connectivity to put the brand into multi-media channels over multi-lateral dimensions.

“I am very happy to see how AMTD Group continues its international strategic development with this acquisition, and contributes to promoting worldwide awareness and the soft power and influences of Chinese culture and creativity for the East to meet the West business thematic and approaches,” said Dr. Feridun Hamdullahpur, Chairman of AMTD IDEA, and a board director of AMTD Group and AMTD Digital.

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“This moment truly reinforces AMTD Group’s ambition of developing an innovative vision for lifestyle, fashion, entertainment, and VIP services on a combined basis. AMTD Group embraces VIVIENNE TAM’s brand as one of our strategic moves to go into sub-verticals from L’Officiel, our global fashion media business, and target for acquisition opportunities over a wide diversity range of brands and intellectual properties to establish our unique platform of luxurious and VIP services. I am proud to see such renowned global brand joining our network of champions and ecosystem partners,” said Dr. Calvin Choi, Chairman of AMTD Group and Chairman of L’Officiel.

Known for fusing Eastern and Western cultures in her designs, Ms. Vivienne Tam is also synonymous of a pioneering look towards fashion’s metaversial future. The brand presented its exploration of metaverse and NFT in the most recent collection shown at New York Fashion Week.

“I have always had a great respect for Ms. Vivienne Tam and the way she successfully created a unique bridge between cultures throughout her brand. This is a very exciting moment for both AMTD Group and VIVIENNE TAM as I am sure this dialogue will foster our common creativity even further,” said Marie-José Jalou, daughter to L’Officiel’s founder and retired president of L’Officiel.

“I am excited for the opportunity to join hands with Calvin and have the VIVIENNE TAM brand to officially enter AMTD Group’s integrated network and contribute to its global strategy, in line with my brand’s philosophy of building bridges between the East and the West. I believe this will be a great step in creating new ways of fashion expression under the VIVIENNE TAM brand and contributing to people’s living in better ways for the future,” said Ms. Vivienne Tam, founder of the eponymous fashion brand.

“VIVIENNE TAM’s digital Web3 strategy and creativity has impressed me. As chief metaverse officer of AMTD IDEA, I will ensure the broadening of the brand’s community thanks to an aligned and impactful Web3 creative strategy. As chief executive officer of L’Officiel, I am also pleased to support VIVIENNE TAM in the development of its narrative and enhancement of its brand heritage, reflective of its Hong Kong roots and the beauty of a successful East meeting West story,” said Benjamin Eymère, chief metaverse officer of AMTD IDEA and chief executive officer of L’Officiel.

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