Shah Rukh Khan’s son Aryan dreams big with edgy D'Yavol X streetwear label


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Want to look (a little) like Shah Rukh Khan? The Bollywood star’s son Aryan Khan can make that happen.

It’s not going to come easy or cheap, though. For one, you’re going to have to keep your eyes peeled for the next release of the mysteriously named D'Yavol X, Aryan’s newly launched luxury streetwear brand.

Next, you’ll need to load up your cart and check out quickly. When the first batch was released on April 30, the Signature X leather jacket — limited to 30 pieces and sported by SRK himself — was priced at about Dh9,000. "Was" because the Signature X sold out overnight. The rest of the capsule collection, with fewer than 100 pieces per style, sold out within 30 hours of launch.

Deliberately provocative

The first batch of the streetwear brand offered T-shirts, hoodies and a leather jacket. Photo: D'Yavol X
The first batch of the streetwear brand offered T-shirts, hoodies and a leather jacket. Photo: D'Yavol X

D'Yavol X is the brainchild of Aryan, Bulgaria’s Leti Blagoeva and Bunty Singh. Aryan crossed paths with Blagoeva and Singh almost a decade ago when he was filming on location in the Balkan country.

The friendship turned into a business partnership when Aryan came up with the idea of a luxury lifestyle collective that offers experiences and products across fashion, beverages and events.

The venture was christened D'Yavol — “devil” in Bulgarian — by Blagoeva after Aryan’s preoccupation with Robert Johnson and the urban myth of the blues legend having sold his soul to the devil in exchange for musical success.

Most people naturally gravitate towards streetwear due to its comfort and versatility
Aryan Khan,
co-founder, D'Yavol X

While the name is quite the mouthful and it remains to be seen how the ambitious concept holds up in the long run, the first release from the “umbrella brand that houses a number of verticals”, as Singh describes it, has definitely piqued interests.

From the outset, D’Yavol has adopted a confidently in-your-face aura as evident in its social media teaser videos (directed by Aryan himself), the release itself being shrouded in secrecy, and the tight-lipped attitude about what comes next.

“We wanted to fuel anticipation through the teaser, which was essentially the creation story of our logo,” Aryan tells The National. “Our aim was to build a story that customers discover layer by layer because we’re not just about the products we deliver, but also the experience one has while interacting with the brand.”

Singh adds: “However, our focus on authenticity, quality and unexpected design will never waver. It is the core of what we do. As we move forward, we will continue surprising our audience.”

Surprises, though, can be tricky.

Word on the street

SRK sports the limited-edition Signature X leather jacket, which sold out overnight
SRK sports the limited-edition Signature X leather jacket, which sold out overnight

Social media is awash with semi-viral gasps and pearl-clutching ridicule over the eye-watering price points of basic tees and hoodies, most of which cost between Dh1,100 and Dh2,200. That’s not necessarily a bad thing. If steered shrewdly, ridicule could simply be envy’s wittier sibling.

Streetwear has historically tread a long, meandering path. It has travelled far from its humble beginnings, grounded as it was in the hip-hop, skating and underground subcultures that dominated the zeitgeist at the turn of the century in New York City, Los Angeles and Tokyo.

We also want to harness many more creative ideas, so we’ve decided to do small but frequent releases
Bunty Singh,
co-founder, D'Yavol X

Now designers such as Demna, Raf Simons, Riccardo Tisci, Jun Takahashi, Nigo, James Jebbia and the late Virgil Abloh have entered the fray. They’ve taken the streetwear ethos and placed it at the centre of some of the biggest names in luxury — Louis Vuitton, Kenzo, Prada, Burberry, Off-White, Supreme, Undercover, Balenciaga, Les Benjamins — with strategic collaborations and collections that marry the discipline of luxe tailoring and knitwear with boxy, baggy and androgynous streetwear staples replete with rebellious graffiti.

And in-the-know fashionistas are shelling out the big bucks.

It’s an exciting time, then, to be an urban streetwear brand if — and this is a big if — one can find new things to say and do.

All that glitters

Let’s be honest — it’s very probable that the biggest moment of delight for most folk willing to spend several thousand dirhams on a cotton tee comes from the brief moment of connection it affords them with Bollywood’s biggest star. There is something about Shah and his family that tugs at the heartstrings of the Indian subcontinent and its widespread diaspora in a way little else can.

The Khans know this, of course. It’s why, in addition to Shah being the brand ambassador, Aryan’s mother Gauri and sister Suhana have been busy promoting D’Yavol online and being photographed in its designs during public appearances.

An unapologetic Aryan has launched D’Yavol into a stratosphere that’s nearly impossible to access for most other talented debutant designers and entrepreneurs. On the flip side, the world is going to be watching for every misstep, just waiting to cry “nepo baby” louder, which is a big burden to carry.

Diamond shoes can, in fact, hurt. Especially when you’re walking in them in front of your father's 40 million social media followers.

Designer dreams

From left, D'Yavol X's co-founders Leti Blagoeva, Bunty Singh and Aryan Khan
From left, D'Yavol X's co-founders Leti Blagoeva, Bunty Singh and Aryan Khan

Whether or not D’Yavol can repeat the success of its first release remains to be seen. However, the triumphant trio behind the brand exude confidence and know-how when speaking about the different facets of their creative choices.

“Our first drop centred around streetwear because we think most people naturally gravitate towards streetwear due to its comfort and versatility,” says Aryan. “It’s also a style that is unisex by default and can have a whole range of interpretations — from minimalist to graphically intense — which is very appealing to me.”

Blagoeva calls the trio “global nomads” and says they draw inspiration from “cultures around the world".

"But what ties everything together at D’Yavol is our unrelenting focus on quality and craftsmanship," she adds. "We’ve used some wonderful natural fabrics, including a great cotton and bamboo blend that’s breezy and pleasantly wearable even when it’s hot."

Singh adds: “Our products involve a lot of detailing and hand-finishing, which is why we had to keep to small production numbers.

“We also want to harness many more creative ideas, so we’ve decided to do small but frequent releases to ensure they all find an outlet.”

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.”

Updated: May 08, 2023, 10:24 AM