A model presents a creation by Elie Saab in Paris on September 28, 2019. AFP
A model presents a creation by Elie Saab in Paris on September 28, 2019. AFP
A model presents a creation by Elie Saab in Paris on September 28, 2019. AFP
A model presents a creation by Elie Saab in Paris on September 28, 2019. AFP

How do digital fashion shows compare to the real-life experience?


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Normally, in the first week of July, I would be in Paris reporting on the haute couture collections, experiencing live catwalk shows and observing the feverish excitement of the occasion.

There would be guests running the gauntlet of street-style snappers outside gilded venues, elaborate sets, celeb-watching the front row and the anticipation of what new vision would be revealed on the catwalk. Then there was the dash backstage to join the scrum for post-show comments from the designer.

A model presents a creation by Elie Saab on February 29, 2020. AFP
A model presents a creation by Elie Saab on February 29, 2020. AFP

From the chaos of shows to the comfort of my sofa

Not so this July. Travel bans and social distancing measures due to the coronavirus have meant that this season, the collections have had to be showcased in a very different way. Catwalk shows have been replaced by a range of digital film and video presentations, viewed from the comfort of my sofa.

Ralph & Russo embraced the digital experience by showing its collection on a specially created avatar. Courtesy Ralph & Russo
Ralph & Russo embraced the digital experience by showing its collection on a specially created avatar. Courtesy Ralph & Russo

It has been a novel and somewhat relaxed experience. No stress from dealing with Paris traffic between venues. No mouthy security on the door, no pack of photographers tripping over one's feet to capture a celebrity arrival, no endless waits for shows to start. The digital clips have been released online punctually on a Netflix-style homepage created by the Federation de la Haute Couture et de la Mode.

Is the traditional fashion show dead? 

So, are fashion shows dead? And can the digital equivalent successfully replace the excitement of the catwalk? For me, at least for now, the answer is no.

Why?

Haute couture is the ultimate expression of luxury. It as an art form: a beautifully composed showcase of a couturier at the pinnacle of their creativity and a celebration of the traditional craftsmanship of the atelier. It is something, especially for clients, that you have to witness, feel, smell and touch. Haute couture becomes a very emotional experience for everyone involved.

Haute Couture is a celebration of creativity and craftmanship, as seen in Dior's atelier. Courtesy AFP
Haute Couture is a celebration of creativity and craftmanship, as seen in Dior's atelier. Courtesy AFP

The very first haute couture show I attended 30 years ago was Gianni Versace’s debut Atelier show at the Ritz Paris. It was a riot of print, colour and imagination that had the audience enraptured. Then there was Jean-Paul Gaultier’s debut in 1997, which was all jet beading and denim, as daring a choice of fabric for the couture catwalk as Yves Saint Laurent scandalising the Dior catwalk in 1958 with a leather jacket.

There were the magical years of John Galliano’s theatrical flights of fantasy at Dior – from the Masai look of his spring / summer 1997 debut to the Dior 60th anniversary collection at the Palace of Versailles in 2007, and the spine-tingling sight in 2004 of supermodel Erin O'Connor in a gilded gown and magnificent Nefertiti headdress almost fainting with the effort as she glided down the catwalk.

A creation by the British designer John Galliano for Christian Dior. Courtesy AFP
A creation by the British designer John Galliano for Christian Dior. Courtesy AFP

It was the era of supermodels such as Naomi, Linda, Claudia and Kate, and with limited Internet access to the catwalk before Style.com (now Vogue Runway) was allowed access, I would rapidly sketch every outfit on the catwalk and name the models wearing each look for my reports, which just added to the nervous tension.

Now, of course, we photograph key looks and upload to Instagram in nano seconds. Even as a seasoned reporter, I was still thrilled to sit behind Celine Dion at Alexandre Vauthier last July; or seek quotes from stars such as Sophia Loren and Cate Blanchett. Not something you can do from behind a computer screen.

I witnessed the retirements of great names including Yves Saint Laurent, Valentino, Hubert de Givenchy, the brilliant colourist Christian Lacroix, who could transport us anywhere with his opulent historic fantasies, and the poignant swansong of Chanel’s great showman Karl Lagerfeld. There were also the arrivals of Elie Saab, Zuhair Murad and Giorgio Armani, Pier Paolo Piccioli and Maria Grazia Chiuri, and Galliano’s first show for Maison Margiela – too many landmark shows to chart them all.

Democratising the catwalk

Of course, as a journalist, I’ve had access to the grand rituals of haute couture, entering an exclusive rarefied world, but now the power of the internet has democratised the catwalk show, taking it beyond the clients and the media to vast global audiences to experience and enjoy. This season has been an experiment forced upon the couture maisons by the pandemic to explore different ways of telling their stories.

Under the auspices of the FHCM, couture maisons have used the digital space to develop new ways to articulate their ideas, some successfully, some not so. Maria Grazia Chiuri at Dior, Franck Sorbier and Antonio Grimaldi have been very cinematic, while others have taken us behind the scenes, filming the creative process.

Dior presented a film about an enchanted forest for its autumn / winter 2020 haute couture presentation. Courtesy Dior
Dior presented a film about an enchanted forest for its autumn / winter 2020 haute couture presentation. Courtesy Dior

Another group has given us either the briefest snapshots of their collections, filming outfits on socially distanced models in a studio or the Parisian twilight, or aired what amounted to teasers from Valentino and Elie Saab for upcoming catwalk shows that have not been altogether abandoned.

A computer screen can't compare

Of course, the result of the pandemic has meant couturiers have had less access to their ateliers to complete their collections. Schiaparelli closed its atelier altogether when creative director Daniel Roseberry was stuck quarantining in New York. The film of him sketching the collection in Washington Square Park was one of the highlights of the online experience, and his designs so well received that Schiaparelli decided to not abandon the season, but make a selection of samples to go on a world tour.

Creating these digital presentations telegraphs haute couture through another medium that everyone can access, but having experienced the heady atmosphere of haute couture’s physical displays, watching fashion in two dimensions on a screen is, for me, not the same as being there in the moment.

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

Most wins by a horse: Godolphin’s Thunder Snow(2)

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.”