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BEIJING, CHINA - Media OutReach - 1 September 2023 - Cotti Coffee, started by Luckin Coffee founders Charles Lu and Jenny Qian, is the global sponsor for the Argentina National Football Teams. Since the inauguration of its flagship store in October 2022, Cotti Coffee now graces over 300 cities in 5 countries with more than 5,000 outlets, making it the fifth largest coffee brand worldwide. In August 2023, Cotti Coffee announced its global expansion strategy, marking its formal entry into the international arena. Concurrently, it launched a global partnership recruitment initiative and has already established multiple outlets in South Korea, Indonesia, Japan, and Canada. Since its establishment, Cotti Coffee has been driven by its mission of "enabling customers to enjoy a comfortable coffee lifestyle" and its mantra of "Drink Cotti, Feel Younger". The company is committed to providing customers with high-quality, cost-effective, and convenient coffee products, complemented by Western-style light meals and desserts. With its youthful and chic brand experience, Cotti Coffee has won widespread adoration from its customers. The brand's remarkable store performance and validated business model underscore its rapid ascendancy in the industry. Cotti Coffee's success can be attributed to a combination of strengths, including innovative business strategies, robust supply chain capabilities, an intelligent digital platform, and an unparalleled product and service experience. Unlike traditional franchising or direct management models, Cotti Coffee has adopted an innovative partnership approach. Initially, the company forgoes any franchise-related fees, opting instead for a profit-sharing arrangement, aiming to share risks with its partners and maximize each party's strengths. Additionally, Cotti Coffee has instituted a lifetime partnership system, ensuring the longevity of the business locations and sustainability of the business collaboration. If a partner chooses to exit, the company offers a depreciation buy-back option for the equipment, which significantly reduces the barriers for potential partners to enter and sustain their business. This model exemplifies a sustainable, century-long business model that is built to last. For the international market, Cotti Coffee has introduced both single-store partnerships and regional partnership models, offering more flexible collaboration methods catered to the diverse needs of its partners. Under this arrangement, the company provides support in branding, supply chain, operations, and digital platforms. Partners can select the manner and scale of their collaboration, ensuring both modularity and adaptability. Regional partners benefit further from model store incentives, regional exclusivity, and revenue sharing from both store operations and expansion, thus empowering small enterprises and individual entrepreneurs. Cotti Coffee boasts an integrated coffee bean roasting facility that combines research, production, and quality control, accompanied by a production facility for related materials. With an annual output of 45,000 tons, it stands as China's largest individual coffee roasting factory. To further solidify its supply chain prowess, Cotti Coffee is in the preparatory stages of establishing coffee bean and raw material supply chain bases in South America, Ethiopia, Vietnam, and other regions. By amassing global top-tier resources, the company is building a robust foundation of global supply chain infrastructure and capability to support its international expansion. Leveraging a fully digitalized platform, Cotti Coffee taps into its innate internet advantages. Customers can place orders online via the app and pick up in-store, eliminating the inconvenience of in-store queues and long wait times, and vastly improving in-store efficiency and service consistency. Moreover, through insights drawn from big data analysis, Cotti Coffee can offer personalized recommendations for its customers, offering a plethora of benefits. Furthermore, Cotti Coffee consistently offers an innovative product and brand experience. Committed to offering coffee with great value for money, the company meticulously selects only IIAC Platinum and Gold Award-winning 100% Arabica coffee beans, ensuring premium quality in every cup. Beyond its dedication to timeless coffee classics, Cotti Coffee also boasts a variety of innovative drinks, including fan favourites such as Coco Cotti, Cheese Latte, and its Sparkling Cold Brew series. The offerings are revamped weekly, ensuring they meet the ever-evolving preferences of diverse consumers. Alongside its extensive beverage range, Cotti Coffee also features muffins, hotdogs, and other light meals as a parallel growth strategy to its coffee and beverage lineup. By presenting an ever-changing combination of food and drinks, Cotti Coffee fulfils the diverse situational needs of consumers, crafting products that are both a daily necessity and frequently desired. With a keen understanding of coffee consumption trends, Cotti Coffee is committed to continuous innovation, broadening its product range, and adopting a "survival of the fittest" approach. Its goal is to consistently deliver high-quality, cost-effective, and convenient products to coffee enthusiasts. Concurrently, Cotti Coffee strives to fortify its strengths in branding, digitalization, and supply chain management, propelling small and micro enterprises and individual entrepreneurs towards effortlessly realizing their coffee business aspirations. Hashtag: #CottiCoffeeThe issuer is solely responsible for the content of this announcement.
Kempus strengthens its commitment to enhancing university experience through sports. NEW YORK, Sept. 1, 2023 /PRNewswire/ -- Following its successful product launch in early 2023, Kempus, an innovative online platform where students discuss university life and career preparation anonymously, is venturing into new terrain. Kempus is partnering with the University of Oregon (UO) and Oregon Sports Properties to sponsor their sports programs, marking a significant stride in connecting with university student bodies in a personal and meaningful way. Kempus is proud to sponsor the Sing-O-Long videoboard feature at all home Ducks football games this season. Fans will be encouraged to vote for the song of their choice via QR code on the videoboard throughout the game and join together in singing the winning song during a break in the game later on. University of Oregon students will be able to vote for their song via the Kempus app the week leading up to the game as well at each home game. Student ambassadors from Kempus will be set up outside the South Gate of Autzen stadium encouraging students to download the app prior to each home football game, along with a select number of Oregon soccer, women's basketball, men's basketball games, and various dates at the Student Rec Center on campus. This partnership highlights Kempus' understanding of the importance of collegiate sports and aligns with their ongoing efforts to actively enhance the university experience. Additional initiatives include Kempus' Launchpad Program, marketing internships, monthly webinars, podcasts, and more. Jae Lee, CEO and cofounder of Kempus, expressed his excitement: "I am thrilled to kick off a series of collegiate sports sponsorships, starting with the University of Oregon. We are open to discussing similar collaborations with other universities, as we see a great deal of promise in unifying the student body and college culture in a positive and personal way in our increasingly digital world." "We are thrilled to partner with Kempus in such an innovative way," Oregon Sports Properties General Manager, Kelly Schukart, said. "This first of its kind partnership highlights the best of what we have to offer as a property by leveraging the in-stadium experience, student gameday interaction, intellectual property, campus life, and digital aspects that Kempus brings to the table." "It's an exciting opportunity to partner with Kempus on something to engage with our passionate fan base, live in real time during the game." Oregon Athletics Assistant Athletic Director of Marketing and Sales said. "It's been great working with Jae and his team to bring this partnership to life. We worked hand in hand with Rachael Doyle to find the right fit for Kempus and our fans. The Kempus app is going to be great for students to use daily and we're excited to tie it into our gameday experience," John Finch, Director of Business Development for Oregon Sports Properties said. The Ducks' first home football game of the 2023-24 season, featuring the sponsorship by Kempus, will take place on September 2nd in Eugene's 54,000 seat Autzen Stadium versus Portland State University. About KempusKempus (Kempus, Inc.) is an online community for verified students to anonymously connect and share reviews on their course and university experience—without fear of reprisal. With Kempus, students can access up-to-date reports on components of the university experience at a glance, and are further encouraged to dive into deeper discussions within Kempus' platform. Additionally, the Kempus platform assists the student body with early career preparation, for further empowerment. The Kempus community is one that strengthens its members at the individual level, to facilitate the most optimal and delightful university experience that is as unique as the students themselves. For more information about Kempus, visit www.kempus.com Download Kempus on iOS: https://kempus.ai/ios-app Download Kempus on Android: https://kempus.ai/android-app Contactfarhana@kempus.com
MANILA, Philippines, Sept. 1, 2023 /PRNewswire/ -- In pursuit of its ambitious vision to revolutionise the financial landscape in the digital age within the Philippines, Huawei hosted the prestigious Huawei Cloud Finance Summit Philippines 2023 at the exquisite Shangri-La The Fort, situated in the heart of Bonifacio Global City, Taguig, Manila. This summit served as a dynamic convergence point for prominent figures and forward-thinking innovators in the Philippine finance sector, fostering deep discussions on propelling the industry forward through groundbreaking innovations. Sylvia Wang, CEO at Huawei Cloud Philippines, kicked off the event with a welcome address, where she emphasised the encompassing benefits of digital transformation in the world of finance and why it needs to be foundational to the finance industry moving forward. Wang also observed that the financial industry stands as the vanguard for the most advanced technologies, often serving as the pioneering frontier where numerous innovations take root. This further emphasises the imperative for all stakeholders, ranging from business leaders to financial institutions and intermediaries, to actively explore the digital solutions now accessible within the industry. Sylvia Wang, CEO of Huawei Cloud Philippines Bridging the Digital Gap in the Finance Sector Huawei has established itself as one of the provider of fintech solutions worldwide. Today, Huawei remains steadfast in maintaining this position and aims to assist an expanding network of financial industry players in harnessing innovation to deliver essential services and promote comprehensive financial inclusion for all. "Over the past years, we have tried our best to provide the best solutions and services to serve all our industry customers," Wang noted about the breadth of Huawei's client base. This client base currently includes 300 financial customers globally—including those in Thailand, Singapore, and the Philippines, where Huawei has been in business for over two decades now. "Huawei has already been in business in the Philippines for 21 years," Wang pointed out proudly. "In the past 21 years, Huawei has accumulated a lot of localised experience and has been giving its best cloud services to support local enterprises. We have gained various certifications and professional recognitions, and also comply to the BSP regulation in Philippines as well. Meanwhile, we are also expected to have our local region in the Philippines in the near future." Wang added that in this era dominated by cloud-first strategies, Huawei is diligently ensuring that stakeholders within the financial industry have the seamless capability to transition to the cloud and fully capitalise on its advantages. Huawei Cloud 20-fold Growth in 4 Years, Fastest-Growing Cloud Presence in APAC Huawei Cloud is, indeed, at the forefront of the cloud revolution in fintech, particularly in the greater APAC region. In his keynote, "HUAWEI CLOUD: Building a Trusted, Innovative Cloud for the Financial Industry", Huawei Cloud APAC President Zeng Xingyun detailed the unprecedented growth of Huawei Cloud in APAC, where it has seen an 86% growth in revenue over the past four years, along with a 62% increase in its customer base and an 80% increase in the number of its partners. These impressive gains should come as no surprise as Huawei Cloud, according to Zeng, puts the customers' needs above all else. This customer-centric approach is facilitated by Huawei Cloud's extensive network of 14 Availability Zones (AZs), set to expand to 17 with the imminent. Additionally, Huawei Cloud ensures robust local support through a dedicated team of over 30 local experts, ready to provide round-the-clock assistance to its valued customers. In financial markets, meanwhile, Huawei Cloud saw its revenue increase by 170% last year, thanks to an additional 26 new customers, including some VIP customers such as SCB, KTB, and KTC Bank in Thailand; GLDB Bank and APEX in Singapore; BNC Bank in Indonesia; KBZ Bank in Myanmar, Tune Insurance in Malaysia; and Akulaku in the Philippines. Zeng Xingyun, President of Huawei Cloud APAC Why Cloud-Native Is the Way Forward Undoubtedly, the cloud has taken a primordial role in the finance sector, and Wu Shiwei, CTO at Huawei Cloud APAC, touched on why this is the case in his keynote, "Financial Cloud: Everything as a Service, Building Agile and Smart Finance Together." Wu highlighted that enterprises have made the strategic choice to adopt cloud-native infrastructure as the cornerstone of their digital transformation efforts. This decision signifies that those already integrated into the cloud ecosystem will have the initial and more streamlined access to cutting-edge innovations, while those yet to migrate or are in the midst of the transition may find it challenging to access the latest technological advancements in a timely and convenient manner. Additionally, Wu introduced a few of Huawei Cloud's cloud-native core banking solutions, starting with its GaussDB database, which replaced more than 600 sets of Oracle databases in Huawei-owned IT systems. the launching of Huawei Cloud GaussDB in the Philippines Wu also introduced Huawei's data-AI convergence, which optimises an institution's decision-making by enhancing its competence and capability to maximise the value of its data. The first thing to do in this case, Wu explained, is to converge the data wherever it is residing, before integrating the data into machine learning operations and DevOps. Expanding on this pivotal concept, in his keynote "Banking in the Digitalisation Era," Huawei's Chief Digital Transformation Officer of Global Digital Finance, K.T. Chen, delved deeper into how exactly cloud-native is accelerating the digitalisation of the financial sector that is now entering a well-connected world. Chen, in particular, highlighted technology's growing role in the digital economy and how it is shaping finance in the Philippines with trends such as digital customer experience, big data and AI, and digital currency. Given this, Chen implored the attendees to always provide customers with "the best-class digital experience with your financial services." Driving Finance Forward in the Philippines via the Cloud Notably, Wang made sure to emphasise in her opening address Huawei's commitment to enhancing the Philippines' financial sector through its diverse cloud and innovation solutions. "As we are already part of the Philippines, we trust that we can bring the most valuable cloud to the nation as we know how to translate our technological capabilities and solutions to meet the specific requirements and scenarios in the Philippines," said Wang. "We have a dedicated team and dedicated resources right here, and in the very near future, we'll establish availability zones here in the Philippines. We're committed to harnessing all our capabilities and resources to ensure that Huawei Cloud doesn't just soar in the digital skies but stays firmly grounded, close to you!" In summary, the Huawei Cloud Finance Summit Philippines 2023 was an unequivocal success, leaving a lasting impact on the Philippine financial industry. As the summit came to a close, it was evident that this dynamic collaboration had set the stage for a new era of financial excellence in the Philippines, driven by the power of the cloud. Speakers Quotes Chester Velasco, Vice President, Head of IOCS, UnionBank "Our journey with Huawei Cloud is not just about immediate gains; it's about building a foundation for long-term success. The hybrid cloud approach offers the scalability required to accommodate future growth, ensuring Unionbank remains agile and responsive as customer needs evolve." Samuel Tan, Country Manager, Philippines at Sunline "Through a dual-core transformation strategy integrating legacy and digital cores, enhanced by cloud hosting, banks can now revolutionise digital finance to meet customer demands securely and efficiently." Mary Cheung, Vice President, Business management, Akulaku "It is a epitome of technology aiding creativity, a testament to the power of partnership, and a collaboration that we can learn, grow and inspire together." Michael Calma, Country Manager, Philippines, AdvanceAI As a young, but amply funded start-up, we need to relentlessly focus on product-market-fit if we are to be successful in a fast growing market such as the Philippines. As Advance.AI, this involves customer-focused innovation and partnerships in localizing global AI technology and best practices into the Philippine context. Haekal Aufar Amriel, Technical Consultant Manager at Seclron "In this interconnected world, let's prepare today to secure tomorrow. Mobile app usage has accelerated over the years, and it is now time to help everyone safeguard against the evolving cybersecurity threats in the digital landscape." Elaine Cheong, Head of Marketing at TrustDecision "In an era of abundant information but scarce trust, we stand as a beacon of reliability and authenticity. We build a global trusted intelligence network for businesses to combat fraud, deliver comprehensive credit risk analytics and ensure compliance with regulations." Clarisse Raymundo, Fintech Account Head, Philippines at Wiz.AI "Harness AI-powered omnichannel customer engagement that impacts customer experience, agent performance, and overall business outcomes with Wiz.AI." About Huawei Cloud Huawei Cloud is a global cloud service provider based in China, offering on-demand cloud computing and APIs to individual customers, businesses, and governments, on a metered pay-as-you-go system. Huawei Cloud leverages over three decades of Huawei's expertise in ICT and digitalisation. We work with our customers, partners, and developers to dive into the digital realm and provide Everything as a Service. Together, we are building the cloud foundation for an intelligent world.
BEIJING, Sept. 1, 2023 /PRNewswire/ -- Chinese President Xi Jinping concluded his state visit to South Africa and his attendance at the 15th BRICS summit in Johannesburg, South Africa, with a resounding call for BRICS nations and the Global South to unite in building a more equitable world order. This call is expected to exert far-reaching influence and is widely supported by the international community. During the summit, President Xi emphasized the importance of collaboration and solidarity among emerging economies, signaling a shift in global power dynamics and a renewed commitment to creating a fairer and more balanced international system. "We choose our development paths independently, jointly defend our right to development, and march in tandem toward modernization," Xi said while addressing the BRICS Summit in Johannesburg. This represents the direction of the advancement of human society, and will profoundly impact the development process of the world, he said. The 15th BRICS Summit is the first in-person summit held post-pandemic, and the third held in Africa. The summit has drawn much attention since the lead-up months to its opening. Several experts reached by the Global Times in Johannesburg hailed that Xi's trip to South Africa not only further deepens the friendship between China and Africa, but also injects new impetus and vitality to global peace and development. At this year's summit, a historic expansion was announced, which involves Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, and their membership will take effect from January 1, 2024. Argentina's Ambassador to China Sabino Vaca Narvaja told the Global Times in an exclusive interview that he wants to especially express gratitude to China and other BRICS member states for their support. "The strengthening of the BRICS is essential for the development of the countries of the Global South. I believe that this mechanism represents countries that have the same problems and the same needs, which is why it will be easier to work together to strengthen our development. Expanding this mechanism is the key to building a more harmonious global order where cooperation replaces confrontation," Narvaja told the Global Times. After expansion, the proportion of the land area of BRICS countries to the world's total will increase from 26 percent to 32 percent, its combined population from 42 percent to 47 percent, its economic aggregate from 26 percent to 29 percent, and its total trade in goods from 18 percent to 21 percent. Enhanced China-Africa ties President Xi arrived in Johannesburg on the night of August 21 to attend the 15th BRICS Summit, and pay a state visit to South Africa. South African President Cyril Ramaphosa, together with South Africa's International Relations and Cooperation Minister Naledi Pandor, and Nkosazana Clarice Dlamini-Zuma, Minister in the Presidency for Women, Youth, and Persons with Disabilities, warmly greeted Xi at the OR Tambo International Airport of Johannesburg. On the morning of August 22, the air of the Union Buildings square in Pretoria, South Africa's administrative capital was filled with fluttering national flags, representing China and South Africa. President Xi arrived at the Union Buildings in a presidential motorcade, and was warmly greeted by President Ramaphosa. President Ramaphosa noted that it was a great pleasure to receive President Xi on his fourth state visit to South Africa. China lent precious support to South Africa during its struggles for national independence and liberation and in its pursuit of national development. China gave South Africa much-needed support in difficult times such as during the COVID-19 pandemic. China is a true friend, brother, and partner of South Africa. Both South Africa and China are pursuing national development and prosperity, and hold the same or similar positions on a number of major international affairs, Ramaphosa said. This year also marks the 25th anniversary of the establishment of diplomatic relations between China and South Africa. During Xi's visit, the two heads of state jointly witnessed the signing of 11 cooperation documents on Belt and Road Initiative, new energy power, agricultural product, a special economic zone, an industrial park, a blue economy, scientific and technological innovation, and higher education. The Global Times learned that the programs are much-needed in South Africa, especially in new energy power as South Africa faces a serious electricity shortage. In Johannesburg, the Global Times reporters saw Chinese brands like Huawei and Gree have become incredibly prevalent. The local population has developed a strong preference for Chinese appliances, smartphones, and automobiles. The economic relationship between South Africa and China is flourishing, with China currently being South Africa's largest trading partner on a global scale. Similarly, South Africa holds the prestigious position of being China's primary trading partner in Africa. Recent data from China's Ministry of Commerce reveals that bilateral trade between the two countries reached a remarkable $56.74 billion in 2022, showcasing a 5 percent year-on-year increase and reaching its highest point in eight years. This positive growth trend has continued to gain momentum in the first half of this year, with an additional 11.7 percent increase. Professor Paul Tembe, senior lecturer at the University of South Africa, told the Global Times that every time President Xi visits South Africa, he brings not only tangible gifts, but also important intangible, symbolic gifts that expand the China-Africa relationship. Tembe noted that the values that China advocates are widely shared by African people as what China has done is not for selfish interests, but for the survival of humankind. "For example, the Global Civilization Initiative stresses that each and every nation in the world has its own specific civilization that could contribute to its development and the survival of mankind," he said. David Monyae, director of the Center for Africa-China Studies at the University of Johannesburg, told the Global Times that under the Belt and Road Initiative (BRI), Africa has benefited a lot from China's programs and investment. "We see China playing a critical role as it has adopted a new approach to deal with Africa. China prioritizes the beneficiation needs of developing countries," said Monyae. When the Global Times talked to locals, they also expressed the desire to further enhance ties with China and eyed cooperation with China in a number of areas especially in energy, technology, and agriculture. The theme of this year's BRICS summit is "BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development, and Inclusive Multilateralism." This is of great significance for synergizing BRICS cooperation with the African Union's Agenda 2063 and the process for the adoption of the Agreement Establishing African Continental Free Trade Area. Thabo Trevor Mohlotsane, a journalist at the South Africa Radio Voice of Wits, told the Global Times that he believed that the African and BRICS economies are going to grow for the better in the future. Fairer global order construction BRICS nations have upheld fairness and justice in international affairs, stood up for what is right on major international and regional issues, and enhanced the voice and influence of emerging markets and developing countries, Xi said while addressing the summit. "BRICS nations do not barter away principles, succumb to external pressure, or act as vassals of others," he said, adding that they share extensive consensus and common goals. He highlighted the BRICS expansion as historic. The expansion demonstrates the commitment of BRICS countries to cooperate in unity with all developing countries. When announcing the expansion during the summit, President Ramaphosa said that BRICS has begun a new chapter in its efforts to bring about a world that is fair, inclusive and prosperous. "We have consensus on the first phase of this expansion process and other phases will follow," he said. In 2022, the BRICS started the expansion process during China's chairmanship. China has since been working with other BRICS members to steadily advance the expansion process. "Many emerging markets and developing countries have given positive considerations to joining the BRICS and more than 20 countries have submitted their applications, which speaks volumes about the appeal and influence of the BRICS and the enthusiasm and aspirations of emerging markets and developing countries for cooperation," Special Envoy on BRICS Affairs and Director-General of the Department of International Economic Affairs of the Foreign Ministry Li Kexin said at a media briefing on August 24, 2023. Analysts have observed that this expansion underscores the resolve of BRICS nations to collaborate with other developing economies, which advances the shared interests of emerging markets and developing nations. The expansion is also believed to be a new starting point for BRICS cooperation, which will enhance the momentum for global peace and development. Experts noted that the expansion of the BRICS will greatly leverage the organization's status in global governance. It's important for global governance to include more voices from emerging markets which have long been neglected. The inclusion of Saudi Arabia and the UAE highlights their ambition to become global heavyweights in their own right, read a Reuters report. Monyae emphasized the necessity of the expansion of the BRICS. "I believe that developing countries aspire to strengthen their voices in determining how to manage their own economies and address climate change issues. They seek to establish a powerful presence, advocating for an equitable global order," he said. Ethiopian scholar Balew Demissie Kebede said that the concept of "BRICS Plus" implies a big family, with a sense of solidarity, trust, and support among member countries. "It can be seen as a strategic step toward promoting a multipolar world order, enabling BRICS countries to strengthen their presence on the world stage and advocate for their common interests in a more cohesive and coordinated manner," he said.
LONDON, Sept. 1, 2023 /PRNewswire/ -- LC Financial Holdings (LCFH) proudly announces the successful completion of the acquisition of BCM Global (BCM), marking the next step in its evolution as a technology-led credit specialist. This landmark acquisition cements LCFH's stronghold in the management of consumer and SME loans, leases and mortgages across Europe. Established in 1998, LC Financial Holdings comprises LCM Partners, one of Europe's leading alternative credit investment managers, the Link Financial Group servicing companies and LDMS, a technology provider focusing on the credit management sector. The integration of BCM as the fourth pillar of the LCFH Group reinforces the company's commitment to innovation and excellence in serving its originator clients and investors. BCM's operations, spanning sites in Ireland, the UK, Italy and the Netherlands, are to become an integral part of the LCFH family. BCM's core business lines encompass commercial and residential mortgage origination and management services, outsourcing of banking administration activities and structured finance administration. As a prominent European independent mortgage, real estate and commercial loan servicer, BCM will receive substantial support from LCFH to expand its existing business lines as well as develop new services across Europe. "Our strategic collaboration is expected to generate an expanded product portfolio, further operational efficiencies and even better client service for BCM in the years ahead. The combined strength of the LCFH Group, united with BCM, will be manging assets of over €100 billion covering almost 7 million customers, serving 110 financial institutions across 10 jurisdictions with almost 2,000 dedicated professionals. We truly believe that this combination has huge benefits, most of all for the customers and organisations we serve." said Paul Burdell, CEO LCFH. Antoinette Dunne, CEO of BCM, "Being a part of the LCFH Group ushers in a new era of growth and innovation for BCM. The partnership with LCFH brings a fresh perspective, a renewed emphasis on technological advancements and valuable support for both expanding current activities and venturing into new territories. Joining LCFH will redefine BCM's business strategy, benefiting employees and forging new alliances while further improving the experiences of our existing client base." Contact Details:LC Financial HoldingsInvestor RelationsT: +44 203 457 5050info@lcmpartners.eu Notes to Editors: About LC Financial Holdings (LCFH) LC Financial Holdings is a leading technology-driven credit specialist with a comprehensive portfolio of businesses in the financial sector. Comprising LCM Partners, the Link Financial servicing companies and LDMS. LCFH is committed to driving innovation and excellence in credit management and financial services. Brookfield Asset Management (ticker: BAM US) has a significant minority shareholding within LCFH and Group companies. About BCM Global (BCM) BCM Global is a European leader in mortgage, real estate, and commercial loan servicing. With operations across multiple jurisdictions, BCM is dedicated to providing exceptional service and innovative solutions to its clients in the financial industry. For more information, please visit LC Financial Holdings' website at https://lcfinancialholdings.com/
Milestone Celebration Underscores Optimism for Planned Robust Growth in the Thai Kingdom SINGAPORE, Sept. 1, 2023 /PRNewswire/ -- Marriott International, Inc. today announces the milestone opening of its 50th hotel in Thailand with the Madi Paidi Bangkok, Autograph Collection. Lobby Lounge, Madi Paidi Bangkok, Autograph Collection Today's opening reflects Marriott International's long-term vision for robust expansion, grounded in a firm belief in the industry's recovery, and Thailand's position as a world-leading travel destination. Marriott expects to add a further 10 hotels by the end of 2024 across its luxury, premium, select and longer stay brands. "We are absolutely delighted to celebrate Marriott International's 50th hotel opening, marking a major milestone in our 27-year history in Thailand. A milestone that would not be possible without the trust and partnership of our hotel owners and franchisees," stated Jakob Helgen, Area Vice President – Thailand, Vietnam, Cambodia & Myanmar, Marriott International. "With 50 hotels across 15 distinct brands in more than 10 destinations in Thailand and more expected to come, we take pride in offering a diverse range of accommodation that caters to both domestic and international travelers that highlights the beauty of the country. With the support and dedication of our associates, we will continue to redefine the hospitality landscape, offering unrivalled experiences to our guests," Helgen added. Leading with Luxury With a continued focus on creating unique, transformative, and culturally immersive experiences, The Ritz-Carlton brand is set to debut in Bangkok in 2024 with the opening of The Ritz-Carlton Bangkok. Occupying the first 24 floors of a 50-storey tower in the upcoming One Bangkok mixed-use development on the prestigious Wireless Road, the hotel will blend the brand's legendary service with the best of Thai hospitality, design, culture, and cuisine. Strengthening Premium Presence Marriott International's premium brand portfolio includes Marriott Hotels, Sheraton Hotels & Resorts, Westin, Le Méridien, Autograph Collection Hotels, and more. Today's opening also marks the debut of Autograph Collection Hotels, renowned for their inherent craft and distinct perspectives on design and hospitality, and the Madi Paidi Bangkok channels the brand's unique vision to create inspiring travel tales in the vibrant city. The characterful Tribute Portfolio brand is also expected to debut in the Thai Kingdom with the opening of the Tribute Portfolio Metropole Bangkok in 2024. Other expected openings include two Marriott Executive Apartments in Sukhumvit 50 and 101, alongside the Le Méridien Phuket Mai Khao Beach Resort - all in 2023. Additionally, the flagship Marriott Hotels brand is also anticipated to debut in the resort town of Khao Lak in 2024. Growing Select Service As the key growth engine for the company, Marriott's select service brands provide a wide range of offerings that are moderately priced across well-established brands such as Courtyard by Marriott, Fairfield by Marriott, Four Points by Sheraton, and Moxy Hotels. Later this year, the experiential hotel brand, Moxy Hotels expects to debut its playful spirit in the country with the opening of Moxy Bangkok Ratchaprasong in the City's iconic lifestyle district. Courtyard by Marriott expects to add another two new hotels, delivering flexible design and modern comfort to both business and leisure travelers - one near the Suvarnabhumi International Airport and in Phuket, expected in late 2023 and 2024, respectively. Marriott International currently operates 50 hotels and resorts across 15 distinct brands in Thailand, across major destinations in the Kingdom including Bangkok, Phuket, Koh Samui, Chiang Mai and many more. Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,600 properties under 31 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.
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