From October, Marks & Spencer will be selling a Downton Abbey beauty line, including this lip balm. Courtesy Marks & Spencer
From October, Marks & Spencer will be selling a Downton Abbey beauty line, including this lip balm. Courtesy Marks & Spencer
From October, Marks & Spencer will be selling a Downton Abbey beauty line, including this lip balm. Courtesy Marks & Spencer
From October, Marks & Spencer will be selling a Downton Abbey beauty line, including this lip balm. Courtesy Marks & Spencer

Class act? Downton Abbey enters the world of merchandising


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Forget Mad Men modernism. This season's style is all about Downton Abbey's Edwardian opulence.

Millions around the world have been seduced by the strait-laced but stylish world of the British historical drama. Soon they’ll be able to take some of that style home, getting lips as soft as Lady Mary’s and even walls as grey as Mrs Patmore’s kitchen.

The show’s fourth season starts on British TV next month, and at the same time there comes a range of merchandise that includes a board game, homewares, clothes and beauty products.

In keeping with the programme’s posh-frothy image, the products being rolled out aim to be quirky rather than kitschy.

This autumn, Marks & Spencer will be selling a Downton Abbey beauty line, including soap, nail polish, lip gloss, lotion and scented candles. The items are whimsically packaged and adorned with quotations from the series.

The show has also struck deals for a jewellery range from Danbury Mint and Downton-themed Christmas ornaments from Kurt Adler – both going on sale later this year.

It also has a licensing agreement with the figurine manufacturer Bradford Exchange, raising fans' hopes for a range of Downton dolls.

Cele Otnes, a professor of marketing at the University of Illinois, says the richly detailed world of Downton Abbey is key to viewers' intense bond with the show. "It's not just a television programme, it's really an aesthetic," she says.

“It’s that whole thing about presenting a lifestyle. We get in the house, we get inside these characters’ lives. We see inside their bedrooms, their bathrooms, their kitchens. We can absorb ourselves not only in the story, which is compelling, but in the details of their lives.”

No detail is too small for emulation – down to the paint on the abbey walls.

Mylands, the London-based paint -company that supplies the show with historically accurate pigments, recently -began marketing two of its Downton tones to the public – Amber Grey, the colour of the downstairs kitchen overseen by the cook Mrs Patmore, and Empire Grey, which adorns Mr Carson's butler's pantry. – AP

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

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Huddersfield Town permanent signings:

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IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Company%20profile
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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.”

COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs

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 Player Career Award: Miralem Pjanic and Ryan Giggs

COMPANY%20PROFILE%20
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