TGE Confirms Plan to Launch 15-20 L'Officiel Coffee Shops Worldwide Over Next Three Years
In April this year, L'Officiel opened its first-ever L'Officiel Coffee in Tokyo, Japan. Featuring carefully curated specialty coffees, beautifully crafted sweets including L'Officiel Mousse Cakes, and a stylish space, the venue's popularity grew rapidly, establishing it as a vibrant social and cultural hotspot beloved by influencers, local communities, and visitors alike.
Building on this proven success, TGE has confirmed its plan to replicate the Tokyo model in other key cities around the world. By leveraging its influential media presence, extensive involvement in the global entertainment industry, and wide networks, TGE envisions L'Officiel Coffee evolving into a "global space" that goes beyond a traditional café. These venues will host exhibitions, events, and activities aimed at amplifying TGE's IP voice, maximizing engagement, strengthening partnerships, and delivering immersive, luxury experiences to global customers in a casual style.
About The Generation Essentials Group (formerly known as World Media and Entertainment Universal Inc.)
The Generation Essentials Group, jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.
About AMTD Group
AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.
About AMTD IDEA Group
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of TGE, AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of TGE, AMTD IDEA Group and AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and none of TGE, AMTD IDEA Group and AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law.
For AMTD IDEA Group:IR OfficeAMTD IDEA GroupEMAIL: ir@amtdinc.com
For AMTD Digital Inc.:IR OfficeAMTD Digital Inc.EMAIL: ir@amtdigital.com
For The Generation Essentials Group:IR OfficeThe Generation Essentials GroupEMAIL: tge@amtd.world
View original content to download multimedia:https://www.prnewswire.com/news-releases/tge-confirms-plan-to-launch-1520-lofficiel-coffee-shops-worldwide-over-next-three-years-302485312.html
SOURCE AMTD IDEA Group; AMTD Digital; The Generation Essentials Group
Effettua l'accesso per consultare il tuo portafoglio
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Warren Buffett Just Bought Even More of This Dirt-Cheap Stock
Key Points Berkshire Hathaway increased its already large SiriusXM stake to 37% of the company. SiriusXM has been beaten down as investors seem less than confident in the future. Management is aggressively cutting costs and rolling out new growth initiatives. 10 stocks we like better than Sirius XM › We recently learned that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) was yet again a net seller of stocks in the second quarter of 2025. We don't yet have all the details about what the Warren Buffett-led conglomerate bought and sold, but we know that several billion dollars' worth of stocks were disposed of. This has been an ongoing trend for Berkshire over the past couple of years. Buffett and his team have unloaded significant portions of the massive investments in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) and have reduced or completely sold several other major stock positions. We also learned of recent dispositions of some Verisign (NASDAQ: VRSN) and DaVita (NYSE: DVA) shares. Berkshire has even stopped buying back its own shares for the time being, which came as a surprise to many investors after a decline of more than 10% in its share price. However, this isn't to say that Buffett and his stock pickers aren't buying any stocks. In fact, there's one company whose stock Berkshire has continued to buy, and it recently bought even more. A stock Warren Buffett can't get enough of According to recent SEC filings, Berkshire bought another 5 million shares of SiriusXM (NASDAQ: SIRI) for a cost of about $106.5 million. Of course, an investment of this size isn't exactly massive for Berkshire. In fact, it represents about 0.03% of the company's $344 billion cash stockpile. But it's especially significant because of how much of the satellite radio operator Berkshire owns now. In fact, after this investment -- which is just the latest in a series of additions -- Berkshire now owns 37% of Sirius. Why has Buffett loaded up on SiriusXM stock? The short explanation is that Buffett most likely added more shares of SiriusXM because the stock is extremely cheap. As of this writing, SiriusXM trades for just over 7 times forward earnings estimates. The business is highly profitable, with over $1 billion in annual free cash flow, and pays a 5% dividend yield that is well covered by its earnings. To be fair, there's a lot not to like about SiriusXM. Revenue has fallen in recent years, as has the subscriber base, which peaked way back in 2019. Free cash flow has declined by about one-third in the past two years, and the company continues to report a declining number of paid subscribers. On the other hand, SiriusXM's management is well aware of the problem and is taking steps to fix it. And there are two components to a turnaround that are worth watching: money flowing out (expenses) and money flowing in (revenue). On the expense side of the equation, SiriusXM has done an excellent job of cost reductions and is on track to achieve $200 million in run-rate savings by the end of this year, with significant capex reductions expected in 2026 and beyond. When it comes to revenue, SiriusXM's leaders are getting creative, and it's starting to pay off. One example is the new three-year dealer-sold subscription package available with new vehicles (creating a paid customer as opposed to the traditional free trial given to new vehicle buyers). There's also a new ad-supported free version of its service available in some new vehicles, and with just 2.5% of SiriusXM's revenue coming from ads today, this is a massive growth opportunity. In all, SiriusXM believes it can grow free cash flow by about 50% in the not-too-distant future and reach a new all-time high for subscribers. If it can show significant progress toward either goal, it could be a major win for Warren Buffett and the rest of the company's shareholders. Should you invest $1,000 in Sirius XM right now? Before you buy stock in Sirius XM, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sirius XM wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $631,505!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,103,313!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Bank of America is an advertising partner of Motley Fool Money. Matt Frankel has positions in Bank of America, Berkshire Hathaway, and Sirius XM. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and VeriSign. The Motley Fool has a disclosure policy. Warren Buffett Just Bought Even More of This Dirt-Cheap Stock was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
11 minutes ago
- Yahoo
Macy's (M) Falls on 5th Day on Investor Caution Ahead of Q2 Earnings
We recently published . Macy's Inc. (NYSE:M) is one of the companies that stood stronger last week. Macy's Inc. extended its losing streak to a fifth consecutive day on Monday, shedding 3.72 percent to close at $11.9 apiece, as investors unloaded portfolios ahead of the release of its earnings performance for the second quarter of the year. Based on its historical reporting dates, Macy's Inc. (NYSE:M) will release the results of its financial and operating highlights for the second quarter in the third week of August, or two weeks from now. Copyright: nicoletaionescu / 123RF Stock Photo However, the recent share price decline suggested a more cautious trading sentiment following a recent restructuring initiative that included the closure of 150 stores over a three-year period. Of the total, Macy's Inc. (NYSE:M) plans to close 66 stores this year, and impact its net sales in the second quarter of the year versus the same period last year. In the first quarter of the year, Macy's Inc. (NYSE:M) saw its net income decline by 39 percent to $38 million from $62 million in the same period last year. Total revenues decreased by 4.2 percent to $4.79 billion from $5 billion year-on-year. While we acknowledge the potential of M as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
11 minutes ago
- Yahoo
Why Oklo Stock Is Soaring Higher Today
Key Points Oklo stock is rising today despite a lack of news from the company. BWX Technologies reported strong financial results yesterday, which Oklo investors are seeing as a positive sign for the nuclear energy industry. An investment in Oklo requires a high threshold for risk, so investors shoulda act accordingly. 10 stocks we like better than Oklo › Rebuffing the general bearing sentiment that is driving the S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) lower today, investors are powered up about nuclear energy stock Oklo (NYSE: OKLO). Although the company hasn't reported any developments to substantiate the stock's rise, there is industry news that investors are interpreting as positive for the small modular reactor (SMR) developer. As of 12:41 a.m. ET, shares of Oklo have risen 8.7%. BWX Technologies just proved that the state of the nuclear energy industry remains strong It's not just speculation that the nuclear energy will soon grow that's driving investor interest into SMR stocks like Oklo. BWX Technologies (NYSE: BWXT) is seeing tangible benefits in its financials. Providing manufacturing and engineering services for the nuclear energy industry, BWXT reported second-quarter 2025 financial results yesterday. Oklo investors are likely giving weight to commentary from Rex Geveden, BWX Technologies president and CEO, who recognized that "demand for nuclear solutions in the global security, clean energy, and medical markets continues to accelerate." Is now the time to buy Oklo stock? The financial results that BWX Technologies reported are certainly encouraging; however, it hardly seems sufficient for investors to predicate an Oklo investment on right now. Nonetheless, Oklo stock is certainly a worthy consideration for those interested in gaining exposure to SMR technology and the growth of the nuclear energy industry. Buying growth stocks such as Oklo -- stocks that aren't generating revenue -- require extremely high tolerances for risk, so investors should act accordingly. Of course, buying a nuclear energy ETF provides another option that helps to gain industry exposure while limiting risk. Should you buy stock in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $631,505!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,103,313!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BWX Technologies. The Motley Fool has a disclosure policy. Why Oklo Stock Is Soaring Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
