TGE Confirms the Opening of the World's Second L'OFFICIEL COFFEE in Macau

Rhea-AI Summary

TGE (NYSE: TGE), a subsidiary under AMTD Digital (NYSE: HKD), confirmed on November 3, 2025 the opening of the world’s second L'OFFICIEL COFFEE in Macau after entering an operating agreement to locate the shop at City of Dreams.

The announcement follows TGE’s completed business combination with Black Spade Acquisition II, establishing a long-term partnership with Black Spade Capital. TGE said it aims to open 15–20 L'OFFICIEL COFFEE shops globally over the next three years, and plans a third shop in the United States to expand its North American presence.

Positive

• Operating agreement secured for second L'OFFICIEL COFFEE in Macau
• Shop location confirmed at City of Dreams, Macau
• TGE targets opening 15–20 shops globally within three years
• Third L'OFFICIEL COFFEE planned for the United States
• TGE established as long-term partner of Black Spade Capital

Negative

• No financial terms or expected opening date disclosed for Macau shop

News Market Reaction – TGE

+132.74% 54.9x vol

55 alerts

+132.74% News Effect

+89.5% Peak in 10 hr 22 min

+$55M Valuation Impact

$96M Market Cap

54.9x Rel. Volume

On the day this news was published, TGE gained 132.74%, reflecting a significant positive market reaction. Argus tracked a peak move of +89.5% during that session. Our momentum scanner triggered 55 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $55M to the company's valuation, bringing the market cap to $96M at that time. Trading volume was exceptionally heavy at 54.9x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

- The world's 2nd L'OFFICIEL COFFEE is confirmed to be opened in Macau
- TGE has successfully entered into an operating agreement with regard to L'OFFICIEL COFFEE in Macau

PARIS and NEW YORK and SINGAPORE, Nov. 3, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD" or the "Group"), alongside The Generation Essentials Group ("TGE", NYSE: TGE), a subsidiary of the Group under AMTD Digital (NYSE: HKD), jointly announce the upcoming opening of the second L'OFFICIEL COFFEE in Macau. The successful completion of the business combination between TGE and Mr. Lawrence Ho's Black Spade Acquisition II has established TGE as a long-term partner of Black Spade Capital. Through Black Spade Capital's introduction, L'OFFICIEL has entered into an operating agreement to open the second L'OFFICIEL COFFEE at a prime location within City of Dreams.

As part of TGE's broader expansion strategy, it aims to open 15 to 20 L'OFFICIEL COFFEE shops globally over the next three years. A third shop is planned for the United States to further strengthen its international brand presence in North America.

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. 

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE), 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.

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 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 AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com

For AMTD Digital Inc.:

IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: tge@amtd.world

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SOURCE AMTD IDEA Group; AMTD Digital; The Generation Essentials Group

FAQ

What did TGE (HKD) announce on November 3, 2025 about L'OFFICIEL COFFEE?

TGE confirmed an operating agreement to open the world's second L'OFFICIEL COFFEE in Macau at City of Dreams.

How many L'OFFICIEL COFFEE shops does TGE (NYSE: TGE) plan to open over three years?

TGE aims to open 15–20 L'OFFICIEL COFFEE shops globally over the next three years.

Where will the second L'OFFICIEL COFFEE by TGE be located in Macau?

The second L'OFFICIEL COFFEE is planned for a prime location within City of Dreams, Macau.

Does the announcement disclose financial terms or an opening date for the Macau shop?

No; the announcement confirms the operating agreement and location but does not disclose financial terms or a specific opening date.

What corporate move established TGE's partnership with Black Spade Capital?

TGE completed a business combination with Black Spade Acquisition II, establishing a long-term partnership with Black Spade Capital.