Brand-new: the men's labels to watch in Milan



Before the extravagance of the Milan menswear catwalks came Pitti Imaggine Uomo - Florence's twice-yearly menswear trade show, where less fashion-frenzied brands write their international orders and new brands are showcased. This season saw the attempted reinvention of older, once specialist companies as lifestyle brands with full menswear collections, from Dunlop to Burlington. There was the continuing reinvention of workwear as upmarket casualwear - from the relaunch of Smith's, an American company first established in 1906, through to Levis new Made By Hand range, a collection of "ultimate" basic pieces, such as chambray shirts, khakis and peacoats.

There was even outright rebirth, with the dusting off of Arrow shirts, the Tommy Hilfiger-owned brand that invented the permanently attached shirt collar but which has lain dormant since the 1960s, when it dressed the real Mad Men. And then there is the occasional example of marketing departments getting carried away with the idea of brand extension: AC Spalding, the American maker of baseball bats and balls, now offers - what else? - watches and luggage.

But amid the autumn/winter 2011/12 show's endless booths were a number of gems worth watching. The Japanese led the way. A Workroom is an expanding brand from designer Ryoji Okada, a collection of meticulously made tailoring with quirky details, from exaggeratedly wide lapels to covert coats with leopard-print collars. Another tailoring line, Royal Hem, sees Japanese design and Italian manufacture combine to produce such ideas as its Jabito, a jacket and trousers made of wool in the same fibre but playing with different but complementary patterns - a not-quite-a-suit. The impossibly named Man' Ry' Ya by Icho Nobutsugu is a range of outsized slouchy knitwear and knitted jackets of the kind that could become lifelong friends. And Chasseur, a Japanese shoe brand little known outside Japan, makes substantial rubber-soled footwear with a quality that gives it the feeling of having been lovingly worn and looked after since perhaps the 1930s.

The Japanese, however, do not steal all the thunder, especially when it comes to accessories. Rae Jones, the UK-based trends consultant to the footwear industry turned footwear designer herself, has launched her first men's collection, handmade in England but without the usual traditional looks that might imply - her styles play on unexpected mixes of suede and nubuck, in subtle but interesting colours. From Belgium comes the hat brand My Bob, which has its various styles made by artisans in countries with which they are associated, with berets from the Basque region of Spain and brightly coloured Panamas made in Ecuador.

From Hong Kong comes the bag company 78 Percent, maker of leather and canvas courier and satchel styles with simple twists, such as a bold colour contrast or asymmetrical flap. And new names in sunglasses pushing distinctive looks include Ralph Vaessen from the Netherlands, Lotho from France, and, from South Korea, Resurrection, whose styles include heavy, round acetate frames - think David Hockney's iconic style and then some.

But at Pitti Imaggine Uomo the young guns sit cheek by jowl with the old guard - and some of them are doing new things too, in ways that are a celebration of craft given a contemporary spin. English shirt-maker Rayner & Sturges has stepped out of the shadows with its complete and easy Alexander Boyd menswear - a line that could set the brand on the way to becoming a British Ralph Lauren. And the cashmere company Alan Paine has dug into its archives and resurfaced with its limited-edition Explorer collection of chunky knitwear, based on styles from the 1920s and perfect for climates where just that extra layer might be needed after sundown.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

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.”

Janet Yellen's Firsts

  • In 2014, she became the first woman to lead the US Federal Reserve 
  • In 1999, she became the first female chair of the White House Council of Economic Advisers 
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5