When it comes to unexpected collaborations in the world of fashion, this might be the most surprising one yet.
In an audacious new idea – devised by Federico Marchetti and the Prince himself – the Yoox Net-a-Porter Group has joined forces with The Prince’s Foundation to launch The Modern Artisan, a scheme to train a new generation of designers and makers with the skills needed for the demanding world of high-end luxury.
In addition, by enlisting small regional manufacturers to take part in the project, the concept aims to help sustain luxury manufacturing in Italy and Scotland.
The culmination of a year's worth of work has resulted in a high-end capsule collection, which debuted across the whole Yoox Group on Thursday, November 12.
In the glorious setting of 18th-century Dumfries House in Scotland, which was bought by Prince Charles in 2007 to save its unique contents from auction, the unlikely mix of Italian fashion students, the next-in-line to the British throne and Federico Marchetti, chief executive and chairman of the Yoox Net-a-Porter Group, gathered to announce the collaboration.
With the house and its estate serving as the headquarters for The Prince’s Foundation, a charity set up by Prince Charles to offer education and training that supports local communities and traditional crafts, one of the outbuildings has been turned into a workshop to house the project.
The initial concept was helped devised by the royal himself – who is known as the Duke of Rothesay when in Scotland – and, in essence, is breathtakingly simple.
The project unites 10 students from two countries and uses The Prince’s Foundation to train them to design and manufacture a luxury capsule collection using sustainable, traditional materials.
Then, leveraging the reach of the Yoox Net-a-Porter Group, which owns portals including Net-a-Porter and The Outnet, it will be sold with proceeds ploughed back into The Prince's Foundation to help the next tranche of students.
The six Italian fashion students taking part in the inaugural scheme – Giulia Albini, Alice D’Andrea, Andrea De Matteis, Francesca Galloni, Lorenzo Lanari and Andrea Parolini – were hand-picked from Italy’s prestigious Politecnico di Milano’s Fashion in Process programme and tasked with creating a capsule of 18 luxury essentials.
Given unrivalled access to five years of Yoox Group data, the students were taught how to analyse sales patterns to understand what customers actually want, using that knowledge to guide the collection.
The students noted a preference for classic tones of black, blue, grey and camel, interspersed with pops of warm russet tones and a yearning for good tailoring with a comfy silhouette. For the 10 women's pieces, this translated into wide-cut trousers, midi-length skirts and relaxed jumpsuits, mixed with feminine details such as cinched waists and pussy bow ties. For the eight-piece men's collection, the analytics resulted in the creation of cable-knit cashmere jumpers, padded bomber jackets and drawstring-waisted trousers.
“The Modern Artisan project harnesses big data and artificial intelligence to transform the ancient profession of craftsmanship into a contemporary career,” explains Marchetti.
Of the gulf between the old way of luxury slow fashion and the high-tech world of data, Marchetti maintains that fusing the two is a timeless opportunity. “I’ve long been inspired by uniting seemingly opposing worlds,” he explains. Most importantly, he stresses, the project has “equipped the next generation of artisans with the digital tools of the trade to navigate an ever-evolving landscape".
Overseeing our skilled tutors as they teach the trainees artisanal skills and traditional methods of production has been a dream come true
With the collection's creation phase falling close to the 500th anniversary of the death of Leonardo da Vinci, elements of the artist's work were folded into designs, from the rigours of engineering rethought as precise pleating to his mastery of drapery inspiring discreet smocking.
When the final designs were completed, the project was handed over to four British would-be artisans: Graeme Bone, Nicole Christie, Jillian Halfpenny and Tracey Whalen. Having undergone training with experts at Dumfries House in the disciplines of pattern drafting and industrial sewing, the team was also taught how to work with the high-end materials the collection demanded, enabling the four to hand-make each piece.
Following the sustainability ethos at the core of The Prince’s Foundation, wool and cashmere were produced locally at the Johnstons of Elgin mill in Hawick, Scotland, while organic silk came from Centro Seta in Italy. Using end-of-roll material and natural fabrics, the collection avoids man-made fibres entirely. Every item in the collection comes with a unique digital ID, which allows customers to access the piece's story, including who designed it, who made it, what materials were used and how to best care for it.
Highlighted as the start of a long-term collaboration between the Yoox Group and The Prince’s Foundation, which brings together the best of Italian and British craftsmanship, the debut collection will also go on show at the Michelangelo Foundation’s Homo Faber in 2021.
“The Modern Artisan project is a unique collaboration that champions sustainability and prepares trainees with the skills and confidence needed to gain employment in the fashion and textile industry, or start their own business," says Jacqueline Farrell, education director at The Prince’s Foundation.
"Overseeing our skilled tutors as they teach the trainees artisanal skills and traditional methods of production has, for me, been a dream come true."
With The Modern Artisan project timed to act as a finale for the 20th anniversary celebrations of the Yoox Group, its launch marks another milestone: the first-ever launch to happen across all four of the company's sites simultaneously. Given the combined reach of Yoox, Net-a-Porter, Mr Porter and The Outnet, these first-time designers could well find their debut collection is seen by an astonishing 4.3 million customers.
With a career head start like that, bright futures beckon for the 10 students involved. “I am confident that each and every one of them will use the skills they have developed throughout The Modern Artisan project to make a positive impact on the fashion and textile industry and help preserve these invaluable heritage craft skills,” Farrell says.
With one high-profile, luxury collection already under their collective belts, sanctioned and supported by the Prince of Wales, we would all benefit from learning the names of the students involved as, chances are, we will be seeing a lot more of them in the future.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
SUCCESSION%20SEASON%204%20EPISODE%201
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%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Ftravel%2F2023%2F01%2F12%2Fwhat-does-it-take-to-be-cabin-crew-at-one-of-the-worlds-best-airlines-in-2023%2F%22%20target%3D%22_self%22%3EEtihad%20Airways%20%3C%2Fa%3Eflies%20daily%20to%20the%20Maldives%20from%20Abu%20Dhabi.%20The%20journey%20takes%20four%20hours%20and%20return%20fares%20start%20from%20Dh3%2C995.%20Opt%20for%20the%203am%20flight%20and%20you%E2%80%99ll%20land%20at%206am%2C%20giving%20you%20the%20entire%20day%20to%20adjust%20to%20island%20time.%20%C2%A0%3C%2Fp%3E%0A%3Cp%3ERound%20trip%20speedboat%20transfers%20to%20the%20resort%20are%20bookable%20via%20Anantara%20and%20cost%20%24265%20per%20person.%20%C2%A0%3C%2Fp%3E%0A
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The specs: 2019 Audi A7 Sportback
Price, base: Dh315,000
Engine: 3.0-litre V6
Transmission: Seven-speed automatic
Power: 335hp @ 5,000rpm
Torque: 500Nm @ 1,370rpm
Fuel economy 5.9L / 100km
The specs
Engine: 3.0-litre twin-turbo flat-six
Power: 480hp at 6,500rpm
Torque: 570Nm from 2,300-5,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 10.4L/100km
Price: from Dh547,600
On sale: now
WHAT IS GRAPHENE?
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics.
How The Debt Panel's advice helped readers in 2019
December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'
JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.
“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”
November 26: ‘I owe Dh100,000 because my employer has not paid me for a year’
SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue.
SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."
October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'
MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.
“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December."
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
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.”
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
RACE CARD
6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m
7.05pm Handicap (TB) Dh87,500 (D) 1,400m
7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m
8.15pm Handicap (TB) Dh105,000 (D) 1,900m
8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m
9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m
10pm Handicap (TB) Dh102,500 (T) 1,400m
Fifa%20World%20Cup%20Qatar%202022%20
%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
MATCH INFO
Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
Game is on BeIN Sports
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
SPEC%20SHEET
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
THE SPECS
Engine: 4.4-litre V8
Transmission: eight-speed automatic
Power: 523hp
Torque: 750Nm
Price: Dh469,000