Emily in Paris cast hit pink carpet for season three premiere in French capital

The cast of Emily in Paris hit the red carpet on Tuesday in the City of Lights for the global premiere of season three of the popular Netflix series, taking over a theatre on Avenue Montaigne.

New episodes delve further into the characters, explained creator Darren Star. "Everybody has some strong stories — it’s not just about Emily anymore," he said.

Slated for release on December 21, the new season of the television comedy stars Lily Collins as Emily Cooper, an American who relocated from Chicago to the French capital for a marketing job.

“Emily this season is a little more grounded in herself, she’s quietly confident, she is a little bit more French,” Collins said.

Lily Collins arrives the world premiere of the Netflix Series Emily in Paris season 3, at the Theatre des Champs Elysees, in Paris on Tuesday, Dec. 6, 2022. AP Photo / Francois Mori

Watched by 58 million households in its first month, the series debuted at the height of pandemic lockdowns in 2020 and became the most popular comedy on Netflix that year.

There were more crowds on the streets during filming this season, noted Kate Walsh, who plays Madeline Wheeler.

It has drawn ire in France for caricatures of Parisians while inspiring droves of visitors from abroad to the capital for selfies in front of the Eiffel Tower and meals at Emily's favourite haunts.

"Tourism in Paris is doing well, everyone's wearing berets," said William Abadie, who plays the role of a perfumer.

Philippine Leroy-Beaulieu, who plays Emily's French boss, said that while the series pokes fun at the French, it also takes on Americans — but hinted at newfound co-operation between her character and Emily.

"I think she’s influencing Emily a lot more than Emily thinks and Emily’s influencing her also a lot,” said Leroy-Beaulieu.

Two new cast members, Paul Forman and Melia Kreiling, join the coming series, as one of the characters, Nicolas, seeks to "prove himself as an individual", said Forman, who plays a wealthy son.

Scroll through the gallery below to see the best fashion from season two of Emily in Paris

Lily Collins (Emily) in a cocktail dress by Danish brand Rotate mixed with a vintage kimono. All photos: Netflix
Emily wears a ruffled dress by Magali Pascal, Miu Miu sunglasses and an orange beaded Carel bag.
Like a modern day Grace Kelly, Emily in a vintage Courreges dress under a patterned, vintage trench.
A vintage jacket by Hermes is worn over a Self Portrait dress.
Emily wears a Giambattista Valli for H&M gown.
A striped Versace polo is mixed with a vintage Thierry Mugler skirt.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Emily in Paris cast hit pink carpet for season three premiere in French capital

The hit Netflix show returns to the small screen on December 21

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