• A model walks the runway during Burberry's London Fashion Week show. AFP
    A model walks the runway during Burberry's London Fashion Week show. AFP
  • The collection marked the debut of Burberry's chief creative officer Daniel Lee. Bloomberg
    The collection marked the debut of Burberry's chief creative officer Daniel Lee. Bloomberg
  • Faux fur, oversized coats and hot water bottles dominated the runway. AP
    Faux fur, oversized coats and hot water bottles dominated the runway. AP
  • The show was presented in a dark marquee in London's Kennington Park. AFP
    The show was presented in a dark marquee in London's Kennington Park. AFP
  • Lee's collection blended moody hues. AFP
    Lee's collection blended moody hues. AFP
  • There were vibrant pops of colour. AFP
    There were vibrant pops of colour. AFP
  • Silhouettes were oversized and soft around the edges across both womenswear and menswear. AFP
    Silhouettes were oversized and soft around the edges across both womenswear and menswear. AFP
  • Big-name models, such as Gigi and Bella Hadid, were absent from the runway. AFP
    Big-name models, such as Gigi and Bella Hadid, were absent from the runway. AFP
  • Burberry's mackintosh-style trench coat was reimagined in a muted khaki with green faux fur lapels. AFP
    Burberry's mackintosh-style trench coat was reimagined in a muted khaki with green faux fur lapels. AFP
  • Oversized silhouettes on the Burberry runway. Reuters
    Oversized silhouettes on the Burberry runway. Reuters
  • British heritage patterns given a modern lift. AFP
    British heritage patterns given a modern lift. AFP
  • Lee displayed his playful side via a statement duck hat. Reuters
    Lee displayed his playful side via a statement duck hat. Reuters
  • Rich red checks on the runway. Reuters
    Rich red checks on the runway. Reuters
  • A pop of yellow as an oversized trench coat. Bloomberg
    A pop of yellow as an oversized trench coat. Bloomberg
  • Jude Law's daughter Iris Law on the runway. Bloomberg
    Jude Law's daughter Iris Law on the runway. Bloomberg
  • Familiar Burberry camel tones modernised with yellow. AP
    Familiar Burberry camel tones modernised with yellow. AP
  • Feathers were a prominent theme in the collection. AP
    Feathers were a prominent theme in the collection. AP

Burberry's Daniel Lee stages tribute to British heritage in debut runway show


  • English
  • Arabic

Faux fur, oversized coats and hot water bottles dominated Burberry’s runway as Daniel Lee presented his vision for the British heritage label at London Fashion Week on Monday.

In a dark marquee in the city's Kennington Park, Lee delivered a colourful take on Burberry's classic camel and black and red checks as the brand moves into a new era under his tenure.

The Bradford, England-born chief creative officer, 37, drew inspiration from Burberry’s affinity with exploration and the outdoors in his first collection for the fashion house, according to the show notes.

Silhouettes were oversized and soft around the edges across both womenswear and menswear. Meanwhile the mackintosh-style trench coat was reimagined in a muted khaki with green faux fur lapels.

A model wears a coat with green faux fur lapels during the Burberry autumn/winter 2023 London Fashion Week show. AP
A model wears a coat with green faux fur lapels during the Burberry autumn/winter 2023 London Fashion Week show. AP

English rose-patterned tailoring sat alongside chunky rubber boots with an equestrian twist, cosy square-toed shearling and faux fur shoes in the autumn/winter 2023 collection.

There were also feather-embellished outfits in autumnal tones and pleated tartan-inspired kilts over trousers.

A revamped version of the Equestrian Knight design was blown up on blankets and dresses in blue and white.

Outfits were accessorised with hot water bottles, fuzzy trimmed bags and big scarves.

There was a notable absence of big-name models walking, in contrast with previous Burberry events that have featured those such as Bella Hadid.

Actor Jude Law's daughter Iris, and singer-songwriter Liam Gallagher's son Lennon, both walked Monday's runway.

Lee's outfits are key to chief executive Jonathan Akeroyd's aim to move the 167-year-old brand more upmarket and to attract younger consumers. Monday's show follows the unveiling of Burberry's new logo — a sleeker elongated typeface and a campaign steeped in "Britishness".

The Burberry Classics preview campaign released earlier this month, the first under Lee's creative direction, brought back a redesign of the brand's Equestrian Knight motif and featured British celebrities including footballer Raheem Sterling, rapper and MC Skepta and actress Vanessa Redgrave.

Lee previously created a buzz at Italy's Bottega Veneta with pillowy leather clutch handbags and slip-on heels. He replaced Riccardo Tisci last year.

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.”

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Company%20profile
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Results
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RESULTS

2.15pm: Al Marwan Group Holding – Handicap (PA) Dh40,000 (Dirt) 1,200m
Winner: SS Jalmod, Antonio Fresu (jockey), Ibrahim Al Hadhrami (trainer)

2.45pm: Sharjah Equine Hospital – Maiden (PA) Dh40,000 (D) 1,000m
Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

3.15pm: Al Marwan Group Holding – Handicap (PA) Dh40,000 (D) 1,700m
Winner: Inthar, Saif Al Balushi, Khalifa Al Neyadi

3.45pm: Al Ain Stud Emirates Breeders Trophy – Conditions (PA) Dh50,000 (D) 1,700m
Winner: MH Rahal, Richard Mullen, Elise Jeanne

4.25pm: Sheikh Mansour bin Zayed Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,200m
Winner: JAP Aneed, Ray Dawson, Irfan Ellahi

4.45pm: Sharjah Equine Hospital – Handicap (TB) Dh40,000 (D) 1,200m
Winner: Edaraat, Antonio Fresu, Musabah Al Muhairi

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
TEAMS

US Team
Dustin Johnson, Jordan Spieth
Justin Thomas, Daniel Berger
Brooks Koepka, Rickie Fowler
Kevin Kisner, Patrick Reed
Matt Kuchar, Kevin Chappell
Charley Hoffman*, Phil Mickelson*

International Team
Hideki Matsuyama, Jason Day 
Adam Scott, Louis Oosthuizen
Marc Leishman, Charl Schwartzel
Branden Grace, Si Woo Kim
Jhonattan Vegas, Adam Hadwin
Emiliano Grillo*, Anirban Lahiri*

denotes captain's picks

 

 

UAE currency: the story behind the money in your pockets
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

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MATCH INFO

Manchester City 6 Huddersfield Town 1
Man City: Agüero (25', 35', 75'), Jesus (31'), Silva (48'), Kongolo (84' og)
Huddersfield: Stankovic (43')

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The specs

Engine: 2.3-litre, turbo four-cylinder

Transmission: 10-speed auto

Power: 300hp

Torque: 420Nm

Price: Dh189,900

On sale: now

CHELSEA'S NEXT FIVE GAMES

Mar 10: Norwich(A)

Mar 13: Newcastle(H)

Mar 16: Lille(A)

Mar 19: Middlesbrough(A)

Apr 2: Brentford(H)

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The Sand Castle

Director: Matty Brown

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

Rating: 2.5/5

Updated: February 21, 2023, 12:38 PM