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Informa Markets Fashion Announces ‘Fashion for Change’ Grant Program Winners

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Four winners were chosen to receive $10,000, continuing the program’s greater mission for meaningful support of emerging Black designers.

NEW YORK, Nov. 03, 2020 — Informa Markets Fashion, in partnership with NuORDER, announced today four winners of their newly launched Informa Markets Fashion for Change (IMFC) Grant Program.   The program’s winners, who were selected from the 10 IMFC incubator program participants – a program launched earlier this fall in an effort to better support and elevate emerging Black talent – will be awarded grants of $10,000 each in an effort to provide much needed capital during the critical early stages of business development. In addition to providing capital and as part of the IMFC program participation and two-season complementary inclusion in Informa Markets Fashion’s digital trade event, this funding will also support the brands as they ready for participation in the upcoming Spring 2021 digital event.

The IMFC Grant Program, a program created to further build off the IMFC incubator program, identified two categories of distinction for winning grant recipients – Buyer’s Choice Award and Industry Awards. Merits of consideration for nomination across both categories included: past and present collections, craftsmanship, design integrity and commercial viability.

The Buyer’s Choice award winner was selected by participating retailers from the digital event, which encompasses top retail buyers from womenswear, menswear, footwear, and childrenswear industries.

The winner from the Buyer’s Choice category is:

  • HAMID HOLLOMAN features custom-made men’s apparel designed by Philadelphia born Designer Hamid Holloman.

Additionally, three winners were also chosen as part of the Industry Awards selection, those include:

  • London Grant features a collection of natural provisions for home and body, handcrafted in Atlanta by Founder Tiffany Staten.
  • CONFIDENCE BY GaBBY Goodwin features a collection of hair accessories from 13-year-old entrepreneur Gabrielle “GaBBY” Goodwin.
  • ENZI features a collection of made-in-Ethiopia footwear by Co-Founder and Designer Jawad Braye.

Industry Awards winners were chosen by the IMFC Advisory Board members – who include, Kelly Helfman and Don Pietranczyk of Informa Markets Fashion, Gary Williams of Gary Williams Showroom, Felita Harris of ENFORM, Chip Thompson of Ralph Lauren, Tommy Fazio of NuORDER, DeAnna McIntosh of The Affinity Group International and menswear executive Shawn Howell and womenswear executive June Horne – along with members of NuORDER executive leadership, and the IMFC committee – a committee of 11 executives formed within Informa Markets Fashion whose talent spans across branding, marketing, social media, finance, and sales.

“The Grant Program is a natural expansion of our IMFC incubator program, which allows us to further enrich our offering and lend additional support to deserving participants of this program,” says Nancy Walsh, President – North America, Informa Markets. “Access to capital is one of the biggest barriers to entry that many emerging designers face and can have a huge impact on future successes. As a connector of the industry, we have the means to tap into a large pool of resources in order to help raise capital and assist in opening more doors to opportunities for emerging Black talent.”

As part of the IMFC program, brands received complimentary inclusion in Informa Markets Fashion’s inaugural digital trade event, which launched on September 1 and ran for a full eight weeks. As part of this, participating brands received a digital showroom page, brand promotion via editorial features as part of Informa’s exclusive content partnership with MAE JONES Magazine through an editorial video lookbook, as well as various marketing initiatives – all aimed at greater brand discovery as retailers shopped the digital marketplaces of MAGIC, COTERIE, PROJECT, MICAM Americas and CHILDREN’S CLUB. Additionally, IMFC program participants also receive personalized mentorship, as overseen by IMFC’s Advisory Board, a team whose mission is geared towards allyship, inclusion, and fostering equality within the fashion community.

“I was excited to be a part of the selection process and hear how each brand is giving back in their own unique way to add a refreshing point-of view to the fashion industry,” says Tommy Fazio, Fashion Director of NuORDER and IMFC Advisory Board member. “Being able to help brands grow has always been a core value of NuORDER and together with Informa Markets Fashion we are honored to support the advancement and future success of the industry.”

Informa Markets Fashion for Change incubator program participants will return for another season this spring within their respective digital marketplaces; London Grant, RE ONA and CONFIDENCE BY GaBBY Goodwin within MAGIC DIGITAL, LaQuan Smith , SELFISH swimwear and Pridd New York within COTERIE, Leimert Park Threads and HAMID HOLLOMAN within PROJECT DIGITAL, and footwear brands of ENZI and Kahume within MICAM Americas. Dates for Informa Markets Fashion digital event have not yet been announced but will occur in spring 2021. For more information on the upcoming digital trade events, as well as announcements for participation and registration for their upcoming digital event, please visit: https://www.magicfashionevents.com/en/home.html

About Informa Markets:

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

ABOUT NuORDER (@nuorder):

NuORDER is the leading wholesale e-commerce platform. Brands use NuORDER to deliver a seamless, more collaborative wholesale process, where buyers can browse products, plan assortments and make smarter buys in real-time. The NuORDER platform was engineered with flexibility and scale in mind processing over $35B in GMV. It empowers businesses of all sizes with enterprise-level technology. Headquartered in Los Angeles, California with offices globally; NuORDER connects more than 3,000 brands and 500,000 retailers, helping them grow and win together. For more information, please visit https://www.nuorder.com/

MEDIA CONTACT:    Courtney Hazirjian  PR and Communications, Informa Markets Fashion  [email protected]

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Black Spade Capital Aims to Build an SPAC-themed Portfolio

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HONG KONG SAR – Media OutReach – 22 February 2021 – 2020 proved to be a great year for Special Purpose Acquisition Companies (SPACs). The market saw more high-profile investors joining the party while a record number of companies went public through this unique structure. With a whopping US$80 billion raised by over 230 blank-cheque companies, SPAC IPOs not only represented approximately 50% of total IPO issuance in the US in 2020, the massive amount raised by SPACs even eclipsed traditional IPOs last year.

Mr. Dennis Tam, President and CEO

SPAC Trend Continues To Heat Up

While SPACs continue to be favoured by institutional and private investors alike in the US, they are also gaining momentum in Asia. Savvy investors in the East are catching up fast with the trend and among them is Black Spade Capital Limited, the family office of casino magnate Lawrence Ho Yau Lung.

“We aim to be one of the first Asian family offices to build an SPAC-themed portfolio,” said Mr. Dennis Tam, President and CEO of Black Spade Capital. He added that “of course, we have to be selective — only high-quality SPACs with great potential are considered”.

One catalyst, Two Criteria

Mr. Tam considers the current close-to-zero or, in some cases, negative interest rate environment as one of the catalysts that contribute to the success of SPAC IPOs. “Loose monetary policy means lower cost of funds and greater incentive for investors to look for new investments. SPACs enjoy a great start this year with over US$45 billion raised by more than 140 new SPACs to-date — the fact that both the number and size of SPAC deals in the first two months of 2021 represent some 56% of the full-year performance in 2020 reflects just how buoyant the SPAC market is. The whole SPAC trend has to do to a certain extent with the abundance of capital in the market seeking return. When the interest rate picks up, the trend may slow down” said Mr. Tam.

Mr. Tam commented that the family office places importance on the sponsors in terms of selection criteria. “There are two main criteria — sponsors’ reputation and their track record. Sponsors are the face of an SPAC. They set out the road map of the investment vehicle. Their track record gives us a glimpse of what the sponsors are capable of. I always find one-on-one investor meeting a good way to learn about the vision and strategy that the sponsors have for their SPACs. A reputable sponsor boosts investor confidence. Some people point out that sponsors typically receive 20% of the equity in the SPAC; in my opinion, this mechanism helps align sponsors’ interest with that of investors which is actually positive — as long as the sponsors deliver, they deserve a matching reward. After all, if the sponsors successfully acquire or merge with a promising target (i.e. de-SPAC), everybody wins” explained Mr. Tam.

The relatively straightforward structure of SPACs also begins to appeal to many family offices. “As the name suggests, an SPAC has the sole purpose of merging with a private company and taking it public. The tenor is usually capped at two years and the sector from which the SPAC identifies its acquisition target is announced before the SPAC is listed. The fund raised by an SPAC usually serves as a good indication of the size of the future target, which is typically 3x to 4x the size of the SPAC. This is the kind of clarity that investors appreciate,” explained Mr. Tam. “Also, SPAC issuers offer to redeem the shares from investors at a call price equivalent to the IPO price if they do not like the acquisition target. This capital protection mechanism affords greater assurance to investors” added Mr. Tam.

Mr. Tam believes that investor education will encourage more Asian family offices as well as other investors in the region to participate in this SPAC trend. “We had several rounds of in-depth discussions with various investment banks and private banks before making our first SPAC investment last year,” recalled Mr. Tam. “In the process, our bankers get to understand our investment appetite and selection criteria and are able to introduce different SPAC opportunities to us” said Mr. Tam.

In terms of Black Spade Capital’s target return with regard to SPACs, “We have seen some truly impressive performance of certain star SPACs, such as QuantumScape and Draft Kings, which have realized a return of close to 10x and 4x, respectively, in 2020. Naturally, we look for above average return and we believe the key to achieve this is to invest in quality SPACs at the time of IPO” said Mr. Tam.

About Black Spade Capital Limited (黑桃資本有限公司)

Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments.


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Kerry Logistics Network Extends Winning Streak at the Quamnet Outstanding Enterprise Awards for Sixth Year Running

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HONG KONG SAR – Media OutReach – 22 February 2021 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is honoured to be named the Outstanding Global 3PL for the fourth time running at the Quamnet Outstanding Enterprise Awards (‘QOEA’) 2020. This was the sixth consecutive year that Kerry Logistics Network has been a winner of QOEA, which were announced in Hong Kong today.

Organised annually by leading Hong Kong financial news platform Quamnet, the QOEA aim to appraise and recognise the distinguished enterprises in Hong Kong and its spirit. Themed “Sagacity Built to Business Perfection” this year, the QOEA 2020 commended enterprises’ outstanding sagacity in times of challenge and change. Winning companies were nominated and selected by the judging committee made up of the Quamnet editorial team, the Quam Research team and independent financial analysts.

William Ma, Group Managing Director of Kerry Logistics Network, said, “2020 was a trying year filled with unprecedented challenges, which we strived to navigate and adapted to with ingenuity and flexibility. Therefore, we are particularly delighted to be awarded the Outstanding Global 3PL title again for the recognition of our efforts during the year. Logistics will continue to serve a crucial function globally in the times ahead. We will remain dedicated to excellence and innovation as we work hard to ensure smoothly-run supply chains.”

Kerry Logistics Network has been offering innovative solutions and expanding its geographic coverage to strengthen its service capability and diversify its business portfolio. It has launched new multimodal transport products to Mongolia, through its member Globalink Logistics, to provide alternative solutions to customers, as well as announced recently its development of a bonded logistics centre in the Hainan Free Trade Port in China to tap into the growing duty-free and inbound e-commerce market.

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), industrial project logistics, to cross-border e-commerce, last-mile fulfilment and infrastructure investment.

With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$40 billion in 2019 and is the largest international logistics company listed on the Hong Kong Stock Exchange.

About Quamnet Outstanding Enterprise Awards

Instituted in 2009, QOEA is organised by Quamnet, a leading financial website in Hong Kong, to identify and praise the excellent performance of Hong Kong enterprises. It has developed into an annual event with wide recognition and support from independent investors, media and industries.

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Citibank Officially Launches Citi Plus®

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Co-creating With Target Clients to Suit Their Banking and Investment Needs

Fostering Financial Education to Level-Up Digital Natives Through Mobile Banking

HONG KONG SAR – Media OutReach – 22 February 2021 – Citigroup Inc. (NYSE symbol: C) – Citibank announced today the official launch of Citi Plus®, a digital value proposition offering financial education and a novel banking experience to level-up digital natives through mobile banking. Citi Plus® clients can obtain personalized wealth management information and knowledge kits to accumulate their wealth and earn more through accomplishing fun tasks.

Having its pilot launch in early December 2020, Citi Plus® accumulated nearly 5,000 registrants, who are interested in the new service, in the first three weeks. “Citibank Hong Kong has shown strong determination in the development of digital banking in recent years. Citi Plus® is our latest initiative to bring digital natives a banking experience they admire,” said Mr Lawrence Lam, Consumer Business Manager of Citibank Hong Kong. “Millennials were invited to participate in research and the co-creation process, through which we could better address target clients’ pain points, and help them grow their wealth via the new service.”

Citi Plus® offers a range of investment products to clients including stocks, money market funds as well as an array of mutual funds primarily from Aberdeen Standard Investments, Allianz Global Investors and Franklin Templeton.

One of the key features of Citi Plus® is a series of financial wellness modules specially designed to educate clients and guide their thinking when it comes to making decisions about managing money, building wealth and achieving financial goals. These engaging modules enhance wealth inclusion, allow clients to build healthy financial habits and achieve targets responsibly.

  • Wealth Smart: A financial literacy guide covering a series of easy-to-follow courses and quizzes, with bite-sized content that helps clients level-up and approach investments with greater confidence. Clients can learn at their own pace, whilst keeping themselves abreast of the times and acquiring financial knowledge.
  • Wealth Digest[1]: A personalized series of news, articles and insights on wealth which are updated continually to help clients make informed investment decisions.
  • Money Goal[2]: A personal goal tracking tool that helps clients define financial objectives and track their progress towards these targets.

Alongside this step-by-step guidance providing clients with financial knowledge and resources, Citi Plus® also offers innovative features that engage clients and help them level-up along their financial journey.

  • Deposit: “Citi Interest Booster” enables clients to earn additional bonus interest (up to 1.8% p.a.[3]) on savings by completing simple missions. Beginning with a base interest rate of 0.3% p.a., clients can complete “missions” ­– such as maintaining balance, funding-in, spending with Citi Plus® cards, investment and currency exchange — to boost interest rates up to 1.8% p.a. [3]
  • Investment[4]: Citi Plus® offers a reliable investment platform that allows clients not only to trade stocks, but also to invest in mutual funds. With progressive self-learning resources and low investment thresholds, clients have the flexibility to choose their investment options.

o “Flexi Wealth” allows clients to start investing in money market funds with as little as HK$1, and to conduct transactions at their convenience, without any transaction charges or monthly service fees.

o Our suggested mutual fund portfolios based on clients’ financial goals and risk profiles will also be offered, featuring mutual funds primarily from Aberdeen Standard Investments, Allianz Global Investors and Franklin Templeton at a minimum of HK$100, thus giving clients a hassle-free investment experience.

  • Spending: Citi Plus® Debit Mastercard® and Citi Plus® Credit Card bring clients a world of privileged shopping rewards while spending with these cards also boosts their saving interest rate by 0.3% p.a [3].

o Spending with Citi Plus® Debit Mastercard® offers up to 1% cashback[5], and with Citibank Global Wallet, clients can exchange foreign currencies at preferred rates[6], and then spend with the debit card for online/ in-store shopping and withdraw cash overseas directly with foreign currency accounts. Citi does not charge any handling fees[7] for cash withdrawals made with the card at any overseas ATMs (including Citi and Mastercard® ATMs).

o Citi Plus® Credit Card is tailor-made for Citi Plus® clients and has no annual fee. Payments for online shopping and fitness memberships can earn up to 3X reward points, while clients can also instantly offset spending anytime with Citi Pay with Points and get free purchase protection insurance.

  • One App to do it all: Citi Mobile® App enables clients to transfer funds, invest, spend, and more at their fingertips. In-app messaging is also available 24/7 to offer customer support promptly.

From now until April 30, clients can team up with their families and friends to join Citi Plus® to unlock an additional bonus savings rate of up to 6% p.a. [8] via ‘Citi Interest Booster’. For more information, please visit https://www.citibank.com.hk/english/banking/citi-plus/.

###

Investment in derivatives involves risks. Investors should understand the nature of the products before they make investment decisions.

To borrow or not to borrow? Borrow only if you can repay.



[1] “Wealth Digest” will be available soon, please visit citibank.hk/citiplus for updates.

[2] “Money Goal” will be available soon, please visit citibank.hk/citiplus for updates.

[3] Terms and Conditions for Citi Interest Booster: https://www.citibank.com.hk/english/banking/pdf/interest-booster-tnc.pdf

[4] Customer can enjoy the investment services by opening the investment accounts via the app separately.

[5] Enjoy up to 1% cash rebate for every point-of-sale purchase or online purchase for the first 6 months of card issuance, and up to 0.5% thereafter.

[6] Citibank Global Wallet supports 12 currencies: AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, NZD, SGD, THB and USD. Before shopping at overseas shops or online, prepare sufficient foreign currencies in the account and this service will select the corresponding currency and directly debit from the account when the client spends. Citibank will not charge the foreign currency handling fee.

[7] For overseas withdrawals made with Global Wallet, the withdrawal amount, together with any surcharge levied by the overseas ATM operator, will be directly deducted from the relevant foreign currency account. For overseas withdrawals not made with Global Wallet, Citi does not charge any flat handling fee and charges a conversion spread up to 2.4% of the Hong Kong Dollar equivalent amount which includes the withdrawal amount and any surcharge levied by the overseas ATM operator. Please refer to the fees and charges for details.

[8] Terms and Conditions apply.

About Citi

Citi, the leading global Bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube:

www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi |

LinkedIn: www.linkedin.com/company/citi.

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