Mary Alice Malone and Roy Luwolt of Malone Souliers. Courtesy Malone Souliers
Mary Alice Malone and Roy Luwolt of Malone Souliers. Courtesy Malone Souliers

‘Some shoes can be too exposed’ – founders of Malone Souliers on ‘modest’ footwear



There’s a phrase that Londoners use to describe a certain type of shoe. Those glamorous but undeniably uncomfortable heels, which all women fall prey to at some point in their lives, are referred to as “taxi-to-dinner” shoes, because that’s about as far as you can walk before discomfort turns your strut into a wobble. Mary Alice Malone, the designer behind London-based shoe brand Malone Souliers, makes a point of not creating those kinds of shoes. Comfort is king, she tells me. “It’s everything. It’s where we start,” she says during a trip to Dubai to unveil the autumn/winter 2017 collection with luxury e-tailer The Modist.

Because Malone pursued furniture design before finding her calling in footwear, she understands ergonomics. “I want women to be comfortable standing and I want them to have a natural gait when they walk. Part of the beauty of high heels is a woman in motion, so if she’s walking like a hobbled horse, then I don’t care how beautiful the shoes are, I consider that unsuccessful design,” she says. It’s similar with furniture. “Both items need to be functional before they can be beautiful. You’re bound by functionality, and there is technology to adhere to before you can come to the pretty lines and pretty colours.”

When we meet, Malone is wearing a black boiler suit with exaggerated shoulders, and a pair of slides crafted from wine-coloured velvet, from her new collection. She has two piercings in her nose – a ring in her septum, and a turquoise stud on one side. Joining her is the brand’s co-founder and managing director Roy Luwolt, who wears a kimono-style robe, a total of five chunky silver rings and fur-lined Gucci slippers.

The shoes displayed around them range from pointed, backless slippers to the label's signature mules. Some of the designs are decorated with linear gold straps and some – such as the ones Malone is wearing – with plush velvet or metallic detailing reminiscent of men's brogues. Designs are sharp, with clear architectural influences, but it's the brand's quiet approach to luxury that has garnered it a cult following, and the attention of The Modist's founder Ghizlan Guenez, whom Luwolt calls a "powerhouse".

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Discover the autumn/winter 2017 shoes from Malone Soulier – in pictures

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While Luwolt acknowledges that modesty is generally dictated by what’s worn above the shoe, he notes that “the loudness [of shoes] is where modesty is pulled or pushed”. Malone believes that some shoes can look vulgar and that her own designs have strong ties to modesty. “Our approach to shoes is this tension between conceal and reveal,” she says. “Some shoes can be too exposed, and that’s something I’ve always shied away from because I don’t think it connects as much with the innate femininity of the wearer. I like when there’s substance and intrigue to the shoe; I think that’s where the beauty comes from.”

Low-key luxury is part of the brand’s DNA, which has found favour with high-end clients worldwide. “I think we’re like the geeky students in class; we don’t play the mainstream approach,” says Luwolt, explaining that the brand is selective about the names that it aligns itself and collaborates with – fashion label Roksanda, for instance.

“We get excited about the celebrities who wear our stuff, only when they are certain celebrities,” he says. Many, such as Emma Roberts, Solange Knowles, Ellie Goulding and Poppy Delevingne, have worn the brand’s footwear, but the celebrity moment that stands out most for the duo, was when their block-heeled Marjorie shoes were worn by Amal Clooney. “She wore the shoes in a conference room – I mean, nothing interesting at all, but obviously probably saving like a thousand lives in an hour or something like that,” says Ruwolt. They were sent a photograph – a tight shot of Clooney wedged in between chairs and a wooden table. “Even though that’s not the most beautiful or red-carpet photo, we were like: ‘Oh my God, she’s wearing the shoes.’” Still, Luwolt emphasises that famous names are not the brand’s target. “Celebrity isn’t our main sort of channel; it’s certainly a support service, but it isn’t number one,” he says.

And for those looking for something extra special, the brand offers made-to-measure services. “It’s an important aspect to preserve; we are handmade and that’s something that follows the traditionalist approach to craftsmanship,” explains Luwolt, adding that made-to-measure represents about 3 per cent of the business. “It was never meant to be bigger. Increasing exclusivity – that very phrase itself is a contradiction and a paradox.”

Read this and more stories in Luxury magazine, out with The National on Thursday, June 15.

hlodi@thenational.ae

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Industry: Refurbished electronics
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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.

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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.

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“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.

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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.”

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Started: 2023
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Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
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1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

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