The founder and president of Discipline, Renato Preti, who was in Dubai for Downtown Design last year, travelled the world to develop and cement his design ethos. Pawan Singh / The National
The founder and president of Discipline, Renato Preti, who was in Dubai for Downtown Design last year, travelled the world to develop and cement his design ethos. Pawan Singh / The National
The founder and president of Discipline, Renato Preti, who was in Dubai for Downtown Design last year, travelled the world to develop and cement his design ethos. Pawan Singh / The National
The founder and president of Discipline, Renato Preti, who was in Dubai for Downtown Design last year, travelled the world to develop and cement his design ethos. Pawan Singh / The National

The sensible simplicity of the furniture designers Discipline


Selina Denman
  • English
  • Arabic

Renato Preti is big on his food analogies. “It’s Scandinavian style, with some tomato sauce,” he says of Discipline, the furniture company that he founded a little over two years ago. “It is difficult to create something simple,” he adds a while later. “Like Italian food. It is not complicated, like French food, but it is still difficult to get it just right.”

Under the mantra “beautifully designed, consciously made”, Discipline creates contemporary yet timeless products for the home. And like a finely tuned pomodoro sauce, the company’s collection of chairs, tables and accessories is simple, balanced and unashamedly authentic.

The Italian-born Preti was the son of a furniture manufacturer, so he “grew up breathing design”. But a degree in business management led to a career in finance, and he ended up running large investment banks such as Euromobiliare Limited, Sviluppo Finanziaria and Fincomit. In 2000, Preti became a founding partner of Opera, a private equity fund that focused on Italian lifestyle brands. The fund invested in a number of successful furniture companies, including Unopiu, B&B Italia and MOOOI, but this was not enough to sate Preti’s growing desire to return to his design roots. So he decided to launch his own furniture brand, a design house that would take a new, fun and fresh approach. “I wanted to go back to my passion,” he says. “I was convinced that I had an angle and a vision.”

It started with a trip around the world. Preti travelled through Brazil, China, Japan, Europe and the US, developing his ideas and identifying common needs that transcended geography and culture. His belief that the design industry, particularly in Italy, had lost its innovative edge and tended to veer towards conservatism, was compounded. “There has been a lot of minimalism but, in the long term, that is a bit boring,” he says.

His proposition: a return to positive values and a rejection of “weirdness for the sake of weirdness”. Discipline was created to produce design that is functional, sustainable, durable, beautiful and simple. “Design is not art. It has to be functional, it has to be well done and it has to be user friendly. It has to be something that really offers you quality and beauty but at the same time is not boring,” Preti maintains.

At its core, Discipline combines the simple, clean, ordered lines of New Nordic design with a touch of Italian flair, or “tomato sauce” – the more colourful and emotional elements of the traditional Italian aesthetic. There’s also a sense of fun and flexibility – take the Cup, a simple blown-glass table in the shape of an enormous cup that comes in eye-popping shades of amber, red or lilac, and can be flipped over to form an oversized vase.

The company has teamed up with young and exciting designers from around the world, including Japan’s Nendo and Ichiro Iwasaki, the UK’s Max Lamb, Germany’s Ding 3000 and Norway’s Lars Beller Fjetland. A collaboration with the French designer Pauline Deltour, who has also worked with Alessi and Muji and is one of France’s hottest new talents, resulted in the Galbe collection of wooden glasses and the Roule line of copper trays, as well as the recently launched D.Bag.

Discipline products are crafted out of glass, oak, ash and leather (because of its tactility) and textiles made from natural fibres such as cotton, wool and linen, as well as bamboo (because it grows quickly and is both light and flexible).

Cork is another of Preti’s favourites. “Cork is something that you will see more and more of. It is the most sustainable material in nature — it is there to protect the tree. It is anti-allergic, fire-proof, water-resistant and it lasts forever,” he says.

“We also only use local woods. Everything is produced in Italy and all of the materials come from close by. And we use, as much as we can, natural techniques.”

However, while sustainability is a fundamental consideration – “What we collectively choose to buy or not to buy can change the course of this planet,” says the company’s brochure – Preti recognises that sustainability for the sake of sustainability is not the answer. “People won’t make a sacrifice for sustainability,” he says.

The company does not create sustainable products simply because they are environmentally friendly; it creates sustainable products because they are beautiful, last longer and are a pleasure to touch. “The most sustainable thing we can do is make something that lasts forever,” is one of Preti’s favourite mantras.

In fact, many of the materials used by the company improve as they age, Preti maintains. Whether it’s the soft, rich and textural Cuoietto leather of the all-enveloping Pocket chair, the gently gleaming copper of the Roule tray, or the natural cork seat of the Drifted stool, as the materials age and evolve they only add to the character of the piece.

Discipline products are already available at 280 points of sale in 27 countries around the world, from Australia to the US. Preti is clearly not a man who believes in starting small. “We have our feet on the ground but our head in the clouds,” he laughs. “We can’t afford to be small and artisanal. It doesn’t make any sense.”

While the brand is not yet represented in the UAE, 33 per cent of the company is owned by Kureal SA, a UAE-based company that specialises in fashion and lifestyle investments, and Preti is well aware of the potential of the market — so you can expect to see Discipline’s tasty products at a store near you soon.

Find Discipline products online at www.discipline.eu.

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Name: Hassan Mohsen Elhais

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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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The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

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