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AMTD Group to Expand L’Officiel Coffee Globally

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AMTD Group to Expand L’Officiel Coffee Globally

Confident Investing Starts Here:

An announcement from AMTD IDEA Group Class A ( (SG:HKB) ) is now available.

AMTD Group, through its subsidiary The Generation Essentials Group, plans to open 15 to 20 L’Officiel Coffee shops worldwide over the next three years, following the successful launch of its first café in Tokyo. This expansion aims to transform L’Officiel Coffee into a global cultural hub, leveraging TGE’s media influence and entertainment networks to offer immersive luxury experiences and strengthen its market presence.

More about AMTD IDEA Group Class A

AMTD Group is a conglomerate with a diverse portfolio spanning media and entertainment, education and training, and premium assets and hospitality sectors. The Generation Essentials Group, a subsidiary of AMTD, focuses on global strategies in multimedia, entertainment, cultural affairs, hospitality, and VIP services, and includes brands like L’Officiel and The Art Newspaper.

Technical Sentiment Signal: Sell

Current Market Cap: S$1.44B

For an in-depth examination of HKB stock, go to TipRanks’ Overview page.

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