AMDT, a financial institution group, agreed to acquire L'Officiel, a global fashion media holding group. Financial terms were not disclosed. "By integrating L'Officiel into AMTD's SpiderNet, L'Officiel demonstrates AMTD's ability to enable connectivity and positions us as a core player in the global fashion and luxury media sector. AMTD Group is committed to investing into and cementing points of connectivity between peoples' interests, lifestyle, and ESG initiatives, acting as a super-connector. The acquisition is the ideal springboard for L'Officiel to spearhead the adoption of new Web 3.0 practices and technologies coupled with the comprehensive financial services tools and infrastructure set up by AMTD across Asia," Calvin Choi, AMTD Chairman.