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TGE’s New Film: “Scare Out” – China’s First Contemporary National-Security Movie, Set for Lunar New Year Release

PARIS,  NEW YORK and LONDON, Feb. 7, 2026 /PRNewswire/ — AMTD Group Inc. (“AMTD Group”), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group (“TGE”, NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce that TGE latest’s release “Scare Out” (the “Movie”), China’s first contemporary national-security film created under the guidance of the Ministry of State Security of the People’s Republic of China, will debut in theatres during 2026 Lunar New Year, releasing on February 17 in China, the United States, Canada, the United Kingdom, Australia, New Zealand, Singapore, Malaysia, Brunei, Ireland, Fiji, and Papua New Guinea.

 

This TGE’s new film will be released in Hong Kong SAR and Macau SAR on February 28, with more countries and regions to be announced.

Directed by Yimou Zhang, the Movie features a stellar cast including Jackson Yee, Yilong Zhu, Jia Song, Jiayin Lei, Mi Yang, Yi Zhang, Cecelia Liu, and Yaowen Liu.

The Movie centers on a team of undercover national security officers living under assumed identities. In a silent, high-stakes battle with foreign spies, they carry out careful, strategic work to protect the nation. Rooted in the pulse of today’s world, the Movie reveals the modern national security frontline and honors the unnamed heroes who quietly protect the country.

The promotional materials of the Movie through social media has generated substantial buzz, reaching a total audience of 2.47 billion. Its related hashtag on Douyin has garnered 1.18 billion views, securing the No.1 spot on the real-time popularity chart, and it also holds the No.2 spot on the Weibo movie list.

AMTD is a co-production company of the Movie, with Dr. Calvin Choi, founder of AMTD IDEA, AMTD Digital, and TGE, serving as a co-producer.

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; LSE: 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. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

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, AMTD Digital and/or The Generation Essentials Group, 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: ir@tge.media

 

HCLTech Named to Fortune’s World’s Most Admired Companies 2026 List

NEW YORK and NOIDA, India, Feb. 7, 2026 /PRNewswire/ — HCLTech, (NSE: HCLTECH) (BSE: HCLTECH) a leading global technology company, has been named to Fortune magazine’s 2026 World’s Most Admired Companies list, recognizing its consistent performance, technology-led innovation and commitment to long-term value creation for clients, employees and stakeholders.

“This recognition reflects the trust our people earn every day from clients and partners,” said C. Vijayakumar, CEO and Managing Director of HCLTech. “It underscores the strength of our purpose— bringing together the best of technology and our people. As the technology landscape evolves, we remain focused on delivering meaningful, AI-driven outcomes while creating a positive impact for our clients, our people, our communities, and the planet.”

“Fortune is proud to celebrate the companies on this year’s World’s Most Admired Companies list; they have set the bar for real innovation, resilient leadership and global impact,” said Alyson Shontell, Fortune’s Editor in Chief and Chief Content Officer. “As rapidly advancing technologies such as AI transform entire industries, these organizations stand out for their ability to evolve with purpose and foresight, consistently shaping the path forward for global business, and the future of how we work and lead.”

The annual list is based on a survey of more than 3,000 executives, board members and analysts, evaluating companies across nine key parameters, including quality of management, innovation, global competitiveness, talent attraction and social responsibility. HCLTech was recognized as a Most Admired company in IT services, reflecting the high ratings it received from clients and industry partners.

About HCLTech

HCLTech is a global technology company, home to more than 226,300 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending December 2025 totaled $14.5 billion.

To learn how we can supercharge progress for you, visit hcltech.com.

For further details, please contact:

Meredith Bucaro, Americas
meredith-bucaro@hcltech.com

Elka Ghudial, EMEA
elka.ghudial@hcltech.com

James Galvin, APAC
james.galvin@hcltech.com

Nitin Shukla, India
nitin-shukla@hcltech.com

HCLTech Named to Fortune’s World’s Most Admired Companies 2026 List

NEW YORK and NOIDA, India, Feb. 7, 2026 /PRNewswire/ — HCLTech, (NSE: HCLTECH) (BSE: HCLTECH) a leading global technology company, has been named to Fortune magazine’s 2026 World’s Most Admired Companies list, recognizing its consistent performance, technology-led innovation and commitment to long-term value creation for clients, employees and stakeholders.

“This recognition reflects the trust our people earn every day from clients and partners,” said C. Vijayakumar, CEO and Managing Director of HCLTech. “It underscores the strength of our purpose— bringing together the best of technology and our people. As the technology landscape evolves, we remain focused on delivering meaningful, AI-driven outcomes while creating a positive impact for our clients, our people, our communities, and the planet.”

“Fortune is proud to celebrate the companies on this year’s World’s Most Admired Companies list; they have set the bar for real innovation, resilient leadership and global impact,” said Alyson Shontell, Fortune’s Editor in Chief and Chief Content Officer. “As rapidly advancing technologies such as AI transform entire industries, these organizations stand out for their ability to evolve with purpose and foresight, consistently shaping the path forward for global business, and the future of how we work and lead.”

The annual list is based on a survey of more than 3,000 executives, board members and analysts, evaluating companies across nine key parameters, including quality of management, innovation, global competitiveness, talent attraction and social responsibility. HCLTech was recognized as a Most Admired company in IT services, reflecting the high ratings it received from clients and industry partners.

About HCLTech

HCLTech is a global technology company, home to more than 226,300 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending December 2025 totaled $14.5 billion.

To learn how we can supercharge progress for you, visit hcltech.com.

For further details, please contact:

Meredith Bucaro, Americas
meredith-bucaro@hcltech.com

Elka Ghudial, EMEA
elka.ghudial@hcltech.com

James Galvin, APAC
james.galvin@hcltech.com

Nitin Shukla, India
nitin-shukla@hcltech.com

NYSE Content Update: Children’s Food Brand Once Upon a Farm to Open for Trade

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Feb. 7, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

 

Once Upon a Farm to debut for trade at the NYSE.

Ashley Mastronardi delivers the pre-market update on February 6th

  • Equities are rising early Friday with buyers gathering shares amid the recent pullback, highlighted by Reddit (NYSE: RDDT) shares popping double digits after upbeat earnings.
  • Once Upon a Farm (NYSE: OFRM) will begin trading on the New York Stock Exchange today after raising about $198 million in its IPO.
  • In their trading debuts yesterday, shares of Forgent Power Solutions (NYSE: FPS) and Bob’s Discount Furniture (NYSE: BOBS) rose 7.4% and 0.1% respectively.

Opening Bell
Once Upon a Farm (NYSE: OFRM) celebrates its IPO

Closing Bell
The “I Have A Dream” Foundation celebrates 45 years of supporting scholars

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

Bob's Discount Furniture CEO interviewed at NYSE.
Bob’s Discount Furniture CEO interviewed at NYSE.

 

 

Astravolt Unveils “Active Intelligence” Strategy at Silicon Valley Launch

From Portable Power to Connected Community Ecosystems: A Vision for All–Scenario Intelligent Energy

SAN JOSE, Calif., Feb. 7, 2026 /PRNewswire/ — Astravolt, an intelligent energy technology company, formally entered the North American market today with a comprehensive vision for an “all-scenario intelligent energy ecosystem.” The launch showcased the company’s inaugural line of portable power stations, while also placing a core emphasis on Astravolt’s long term strategy: shifting energy storage from isolated hardware to an interconnected, AI-driven network that spans personal, home, community, and urban environments.

Astravolt product launch event
Astravolt product launch event

Founded in 2023, Astravolt is built on the core philosophy of “AI + Robotics + Digital Energy.” The company is introducing the concept of “Active Intelligence”—a system architecture where energy devices do not merely store power passively but sense, predict, and autonomously optimize energy flow based on usage patterns, grid pricing, and environmental conditions.

“Energy storage has historically operated as isolated, passive hardware,” said Kenneth Jing, Technical Expert at Astravolt. “Our vision is to transform these systems into intelligent, connected devices that learn usage patterns, predict demand, and optimize performance over time. We’re applying the same AI and cloud principles that revolutionized smartphones and computing to energy infrastructure.”

A Unified Ecosystem Across Four Life Scenarios

Astravolt’s ecosystem connects four distinct layers, Personal Mobility, Residential Energy Autonomy, and Community and Urban Infrastructure, through a unified cloud management system. Each layer builds upon the next, creating a continuous loop where personal sustainable energy supplements home backup, home storage units respond to city grid demands, and urban mobile charging networks provide ultimate energy security for individuals and families alike.

Personal Mobility: The Intelligent Energy Companion

The ecosystem begins with the Nova Series, designed not merely as power stations but as intelligent mobile companions for diverse lifestyles. The Nova 300 delivers ultra quiet power for casual camping and everyday carry. The Nova 3000 serves as a high capacity mobile hub engineered to power extended RV journeys and off grid living. For professionals in demanding environments, the Nova 1200 Pro introduces semi solid state battery technology, providing the enhanced thermal stability and safety assurance required for content creators, emergency responders, and field researchers.

Residential Energy: The Home Energy Brain

Moving from mobility to the home, Astravolt’s vision centers on residential energy autonomy, transforming every household from a passive electricity consumer into an active energy manager. The APOLLO series turns urban balconies into active energy generators through plug and play solar storage. AI systems automatically optimize charging around peak and off peak electricity pricing, while providing millisecond switchover during outages to ensure uninterrupted power. The HALO whole home energy storage system serves as the central hub, with cloud based visualization that puts energy control in homeowners’ hands.

Together, these systems create what Astravolt calls the “home energy brain”, a household microgrid that delivers triple benefits: safety through backup power resilience, economic savings through intelligent scheduling, and environmental value through maximized renewable utilization. Families benefit not only from lower electricity costs, but also greater energy independence.

Community and Urban Energy: The Virtual Power Plant

When personal and residential energy nodes are fully activated, a larger energy ecosystem emerges. Astravolt’s community and urban layer aggregates distributed storage resources into “virtual power plants” that enable neighborhood energy sharing and city level dispatch, transforming energy into shared community assets.

The HELIOS mobile storage and charging robot represents this vision. HELIOS revolutionizes charging infrastructure by shifting from “drivers seeking chargers” to “chargers finding vehicles.” Featuring autonomous navigation and high power fast charging capabilities, the robot deploys flexibly across parking structures, event venues, and urban centers without requiring construction or fixed installation. For users, it delivers convenient doorstep charging; for cities, it serves as a mobile grid balancing resource that reduces infrastructure strain during peak demand.

Building the Connective Infrastructure for Distributed Energy

“We’re building the connective infrastructure for distributed energy,” Kenneth Jing stated. “As renewable adoption accelerates and consumption becomes more distributed across electric vehicles, home batteries, and portable devices, the ability to intelligently coordinate these systems becomes increasingly valuable. Our differentiation lies in advanced battery safety technology, particularly our semi solid state chemistry; intelligent software that continuously improves system performance; and an open ecosystem vision that enables growth beyond our own hardware.”

About Astravolt

Astravolt is an intelligent energy technology company founded in 2023, driven by the core philosophy of “AI + Robotics + Digital Energy.” The company is dedicated to building an all scenario intelligent energy ecosystem spanning personal, home, community, and urban environments. By transforming energy storage from passive hardware into intelligent, connected networks, Astravolt provides global users with efficient, smart, and clean energy solutions that maximize renewable utilization and optimize efficiency.

Astravolt Unveils “Active Intelligence” Strategy at Silicon Valley Launch

From Portable Power to Connected Community Ecosystems: A Vision for All–Scenario Intelligent Energy

SAN JOSE, Calif., Feb. 7, 2026 /PRNewswire/ — Astravolt, an intelligent energy technology company, formally entered the North American market today with a comprehensive vision for an “all-scenario intelligent energy ecosystem.” The launch showcased the company’s inaugural line of portable power stations, while also placing a core emphasis on Astravolt’s long term strategy: shifting energy storage from isolated hardware to an interconnected, AI-driven network that spans personal, home, community, and urban environments.

Astravolt product launch event
Astravolt product launch event

Founded in 2023, Astravolt is built on the core philosophy of “AI + Robotics + Digital Energy.” The company is introducing the concept of “Active Intelligence”—a system architecture where energy devices do not merely store power passively but sense, predict, and autonomously optimize energy flow based on usage patterns, grid pricing, and environmental conditions.

“Energy storage has historically operated as isolated, passive hardware,” said Kenneth Jing, Technical Expert at Astravolt. “Our vision is to transform these systems into intelligent, connected devices that learn usage patterns, predict demand, and optimize performance over time. We’re applying the same AI and cloud principles that revolutionized smartphones and computing to energy infrastructure.”

A Unified Ecosystem Across Four Life Scenarios

Astravolt’s ecosystem connects four distinct layers, Personal Mobility, Residential Energy Autonomy, and Community and Urban Infrastructure, through a unified cloud management system. Each layer builds upon the next, creating a continuous loop where personal sustainable energy supplements home backup, home storage units respond to city grid demands, and urban mobile charging networks provide ultimate energy security for individuals and families alike.

Personal Mobility: The Intelligent Energy Companion

The ecosystem begins with the Nova Series, designed not merely as power stations but as intelligent mobile companions for diverse lifestyles. The Nova 300 delivers ultra quiet power for casual camping and everyday carry. The Nova 3000 serves as a high capacity mobile hub engineered to power extended RV journeys and off grid living. For professionals in demanding environments, the Nova 1200 Pro introduces semi solid state battery technology, providing the enhanced thermal stability and safety assurance required for content creators, emergency responders, and field researchers.

Residential Energy: The Home Energy Brain

Moving from mobility to the home, Astravolt’s vision centers on residential energy autonomy, transforming every household from a passive electricity consumer into an active energy manager. The APOLLO series turns urban balconies into active energy generators through plug and play solar storage. AI systems automatically optimize charging around peak and off peak electricity pricing, while providing millisecond switchover during outages to ensure uninterrupted power. The HALO whole home energy storage system serves as the central hub, with cloud based visualization that puts energy control in homeowners’ hands.

Together, these systems create what Astravolt calls the “home energy brain”, a household microgrid that delivers triple benefits: safety through backup power resilience, economic savings through intelligent scheduling, and environmental value through maximized renewable utilization. Families benefit not only from lower electricity costs, but also greater energy independence.

Community and Urban Energy: The Virtual Power Plant

When personal and residential energy nodes are fully activated, a larger energy ecosystem emerges. Astravolt’s community and urban layer aggregates distributed storage resources into “virtual power plants” that enable neighborhood energy sharing and city level dispatch, transforming energy into shared community assets.

The HELIOS mobile storage and charging robot represents this vision. HELIOS revolutionizes charging infrastructure by shifting from “drivers seeking chargers” to “chargers finding vehicles.” Featuring autonomous navigation and high power fast charging capabilities, the robot deploys flexibly across parking structures, event venues, and urban centers without requiring construction or fixed installation. For users, it delivers convenient doorstep charging; for cities, it serves as a mobile grid balancing resource that reduces infrastructure strain during peak demand.

Building the Connective Infrastructure for Distributed Energy

“We’re building the connective infrastructure for distributed energy,” Kenneth Jing stated. “As renewable adoption accelerates and consumption becomes more distributed across electric vehicles, home batteries, and portable devices, the ability to intelligently coordinate these systems becomes increasingly valuable. Our differentiation lies in advanced battery safety technology, particularly our semi solid state chemistry; intelligent software that continuously improves system performance; and an open ecosystem vision that enables growth beyond our own hardware.”

About Astravolt

Astravolt is an intelligent energy technology company founded in 2023, driven by the core philosophy of “AI + Robotics + Digital Energy.” The company is dedicated to building an all scenario intelligent energy ecosystem spanning personal, home, community, and urban environments. By transforming energy storage from passive hardware into intelligent, connected networks, Astravolt provides global users with efficient, smart, and clean energy solutions that maximize renewable utilization and optimize efficiency.

MondeVita Completes Acquisition of Caruso

ITTIKAR, Mondevo Group’s AI-native merchant bank, served as exclusive advisor, deploying proprietary artificial intelligence across due diligence and execution.

ABU DHABI, United Arab Emirates and MILAN, Feb. 7, 2026 /PRNewswire/ — MondeVita, the lifestyle and luxury division of Mondevo Group, today announced the completion of its acquisition of Raffaele Caruso S.p.A. from Lanvin Group. The transaction was completed through MondeVita Italy S.r.l. and establishes Caruso as the cornerstone of MondeVita’s luxury platform. Founded in 1964 in Soragna (Parma), Caruso is among the world’s foremost manufacturers of luxury men’s tailoring. More than 450 artisans combine time-honoured craftsmanship with contemporary production techniques, serving leading global fashion houses and, through the Caruso brand, a curated network of the world’s finest menswear retailers. The company generates annual revenues of approximately €35 million.

The Role of ITTIKAR
ITTIKAR, Mondevo Group’s AI-native merchant bank dedicated to family offices, served as exclusive advisor throughout the transaction. Developed by Mondevo Tech, the Group’s in-house technology division comprising more than 40 AI engineers in Singapore, ITTIKAR deployed proprietary AI agents to conduct comprehensive due diligence across financial statements, corporate governance, real estate, tax, workforce, and commercial contracts.

Hundreds of documents were analysed with a level of speed, depth, and consistency that materially enhanced decision-making and execution efficiency. The Caruso transaction serves as a proof of concept for ITTIKAR’s model, demonstrating how AI-native architecture can meaningfully augment traditional merchant banking capabilities in complex, cross-border acquisitions.

Leadership Commentary
Hussam Otaibi, Founder of Mondevo Group, commented: “Caruso embodies everything MondeVita stands for: authentic heritage, world-class craftsmanship, and a strong national identity with global resonance. What distinguishes this transaction is ITTIKAR’s role – from due diligence through execution, our AI-native capabilities enabled a level of analytical depth and speed that would not have been achievable through conventional approaches. This represents the future of dealmaking for family offices.”

Fabio Brambilla, Co-Founder and Chief Executive Officer of Mondevo Group, added: “Caruso is precisely the type of business MondeVita was created to steward – a company where tradition, skilled craftsmanship, and brand identity converge into a first-class luxury product. The opportunity and ability to deploy ITTIKAR’s AI-native insight across the entire process, shaped both our conviction and the structure of this transaction. We now look forward to working alongside Marco Angeloni and his team in unlocking Caruso’s full potential, whilst continuing to build MondeVita’s luxury and lifestyle portfolio.”

Fabio Brambilla will serve as Chairman of Caruso and MondeVita. Marco Angeloni is confirmed as Chief Executive Officer and will become a minority shareholder, underscoring long-term alignment. The existing management team and Creative Director Max Kibardin remain in place. MondeVita’s mandate extends beyond this acquisition. The division is positioned to build a portfolio of exceptional heritage brands across luxury goods, premium beverages, hospitality, and wellness – sectors that remain traditionally fragmented and rich with opportunity, where long-term ownership, shared capabilities, and operational excellence can generate durable value.

About MondeVita
MondeVita is the lifestyle and luxury division of Mondevo Group, focused on acquiring, developing, and elevating heritage brands across luxury goods, premium beverages, hospitality, and wellness. The acquisition of Caruso represents MondeVita’s first major investment.

About ITTIKAR
ITTIKAR, headquartered in Abu Dhabi Global Market, is the world’s first AInative merchant bank built exclusively for family offices. Developed by Mondevo Tech, ITTIKAR deploys one dedicated AI agent per family office, delivering AI-enhanced deal origination, due diligence, transaction advisory, and portfolio monitoring.

About Raffaele Caruso S.p.A.
Founded in 1964, Raffaele Caruso S.p.A. is an Italian high-end sartorial manufacturer headquartered in Soragna, in Italy’s Parma province. The company serves leading global fashion houses and develops the Caruso brand, defined by its philosophy of Playful Elegance. With more than 450 employees, Caruso combines artisanal excellence with industrial scale, and a strong brand identity.

About Mondevo Group
Mondevo Group is a multi-divisional holding company headquartered in Abu Dhabi, operating at the intersection of technology, investment, and lifestyle. The group’s divisions span wealth management, venture capital, luxury and lifestyle, and foundational technology platforms. Mondevo’s mission is to harness AI-native capabilities and a global network of ultra-high-net-worth families to build enduring businesses across sectors with high barriers to entry and strong long-term growth potential.

Contact: Investor Relations | ir@mondevogroup.com 

MondeVita Completes Acquisition of Caruso

ITTIKAR, Mondevo Group’s AI-native merchant bank, served as exclusive advisor, deploying proprietary artificial intelligence across due diligence and execution.

ABU DHABI, United Arab Emirates and MILAN, Feb. 7, 2026 /PRNewswire/ — MondeVita, the lifestyle and luxury division of Mondevo Group, today announced the completion of its acquisition of Raffaele Caruso S.p.A. from Lanvin Group. The transaction was completed through MondeVita Italy S.r.l. and establishes Caruso as the cornerstone of MondeVita’s luxury platform. Founded in 1964 in Soragna (Parma), Caruso is among the world’s foremost manufacturers of luxury men’s tailoring. More than 450 artisans combine time-honoured craftsmanship with contemporary production techniques, serving leading global fashion houses and, through the Caruso brand, a curated network of the world’s finest menswear retailers. The company generates annual revenues of approximately €35 million.

The Role of ITTIKAR
ITTIKAR, Mondevo Group’s AI-native merchant bank dedicated to family offices, served as exclusive advisor throughout the transaction. Developed by Mondevo Tech, the Group’s in-house technology division comprising more than 40 AI engineers in Singapore, ITTIKAR deployed proprietary AI agents to conduct comprehensive due diligence across financial statements, corporate governance, real estate, tax, workforce, and commercial contracts.

Hundreds of documents were analysed with a level of speed, depth, and consistency that materially enhanced decision-making and execution efficiency. The Caruso transaction serves as a proof of concept for ITTIKAR’s model, demonstrating how AI-native architecture can meaningfully augment traditional merchant banking capabilities in complex, cross-border acquisitions.

Leadership Commentary
Hussam Otaibi, Founder of Mondevo Group, commented: “Caruso embodies everything MondeVita stands for: authentic heritage, world-class craftsmanship, and a strong national identity with global resonance. What distinguishes this transaction is ITTIKAR’s role – from due diligence through execution, our AI-native capabilities enabled a level of analytical depth and speed that would not have been achievable through conventional approaches. This represents the future of dealmaking for family offices.”

Fabio Brambilla, Co-Founder and Chief Executive Officer of Mondevo Group, added: “Caruso is precisely the type of business MondeVita was created to steward – a company where tradition, skilled craftsmanship, and brand identity converge into a first-class luxury product. The opportunity and ability to deploy ITTIKAR’s AI-native insight across the entire process, shaped both our conviction and the structure of this transaction. We now look forward to working alongside Marco Angeloni and his team in unlocking Caruso’s full potential, whilst continuing to build MondeVita’s luxury and lifestyle portfolio.”

Fabio Brambilla will serve as Chairman of Caruso and MondeVita. Marco Angeloni is confirmed as Chief Executive Officer and will become a minority shareholder, underscoring long-term alignment. The existing management team and Creative Director Max Kibardin remain in place. MondeVita’s mandate extends beyond this acquisition. The division is positioned to build a portfolio of exceptional heritage brands across luxury goods, premium beverages, hospitality, and wellness – sectors that remain traditionally fragmented and rich with opportunity, where long-term ownership, shared capabilities, and operational excellence can generate durable value.

About MondeVita
MondeVita is the lifestyle and luxury division of Mondevo Group, focused on acquiring, developing, and elevating heritage brands across luxury goods, premium beverages, hospitality, and wellness. The acquisition of Caruso represents MondeVita’s first major investment.

About ITTIKAR
ITTIKAR, headquartered in Abu Dhabi Global Market, is the world’s first AInative merchant bank built exclusively for family offices. Developed by Mondevo Tech, ITTIKAR deploys one dedicated AI agent per family office, delivering AI-enhanced deal origination, due diligence, transaction advisory, and portfolio monitoring.

About Raffaele Caruso S.p.A.
Founded in 1964, Raffaele Caruso S.p.A. is an Italian high-end sartorial manufacturer headquartered in Soragna, in Italy’s Parma province. The company serves leading global fashion houses and develops the Caruso brand, defined by its philosophy of Playful Elegance. With more than 450 employees, Caruso combines artisanal excellence with industrial scale, and a strong brand identity.

About Mondevo Group
Mondevo Group is a multi-divisional holding company headquartered in Abu Dhabi, operating at the intersection of technology, investment, and lifestyle. The group’s divisions span wealth management, venture capital, luxury and lifestyle, and foundational technology platforms. Mondevo’s mission is to harness AI-native capabilities and a global network of ultra-high-net-worth families to build enduring businesses across sectors with high barriers to entry and strong long-term growth potential.

Contact: Investor Relations | ir@mondevogroup.com