Fashionable interiors and the power of branding


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The relationship between fashion and interiors has long been a close one, with each industry drawing inspiration from the other. However, it is rare for an interior product designer to venture into the realms of fashion. The same cannot be said of fashion brands, which now commonly extend their ranges to include furniture, lighting and tabletop collections. Fendi, Gucci, Jean Paul Gaultier and even Christian Lacroix have all recognised the profit potential of putting their logo on more than just dresses.

The furniture industry in particular was initially apprehensive about fashion brands entering their arena. As the editor of the trade publication Furniture News, Paul Farley, explains: "The fashion industry is renowned for its power and the sway it holds over consumers, so the decision of several high level players to enter the furniture field signalled a new threat at a time of market difficulty."

But Farley adds that it was recognised that "the ability of this industry to respond to, and dictate trends and tastes is undisputable, so they were definitely regarded as something to watch and learn from".

In the world of fashion the brand is everything. When we buy a designer handbag, dress or sunglasses we buy into the brand's image. Whether we want to admit it or not, we are hoping to score social status points via our association with the perceived values of the label we are wearing. Purchasing a designer fashion item is never purely about the design of the item itself - it is about the label, what that label represents and what wearing that label says about us.

So can a fashion brand's values be successfully translated into a product for the interior? "Definitely," says Farley. "Any brand can be communicated in a new guise if handled correctly, and there's a definite crossover between the aesthetic and lifestyle values inherent in fashion marketing and the aspirational side of a homewares purchase."

Certainly the option to buy a whole lifestyle look will appeal to people who love a certain brand's style. And it could be argued by fashion designers that diversifying into other product areas allows people to enjoy their work in more ways than just wearing it. The question remains, however, do we really want more of the same branding and style messages edging into more areas of our increasingly homogenised lives?

Ultimately, I prefer my furniture to be designed by actual furniture designers, yes, sometimes inspired by fashion, but with a genuine passion and dedication to the product not profits. Because this allows me to make my purchasing decision based on the design and not on the designer label.

Aiveen Daly's work fits with this ethos perfectly. Her furniture designs are inspired by vintage couture gowns, and celebrate the tailoring techniques of dressmaking. The result is a range of furniture dressed elegantly in high fashion upholstery. I literally covet her fantastically glamorous Stiletto Collection. Her Love Knot chair, with pleated and knotted detail, and her Garbo chair, with its stylish sash cinched with an art deco style buckle, both dazzle in sleek satin with super skinny, glossy black legs.

Victoria Redshaw is the managing director of Scarlet Opus. For more information see www.trendsblog.co.uk and www.scarletopus.co.uk To choose from a collection of made-to-order chairs, beds, cushions, mirrors and lampshades from Aiveen Daly visit: www.aiveendaly.com

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.”

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
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The years Ramadan fell in May

1987

1954

1921

1888

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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Juliot Vinolia’s checklist for adopting alternate-day fasting

-      Don’t do it more than once in three days

-      Don’t go under 700 calories on fasting days

-      Ensure there is sufficient water intake, as the body can go in dehydration mode

-      Ensure there is enough roughage (fibre) in the food on fasting days as well

-      Do not binge on processed or fatty foods on non-fasting days

-      Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates

-      Manage your sleep

-      People with existing gastric or mental health issues should avoid fasting

-      Do not fast for prolonged periods without supervision by a qualified expert

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5