The British Fashion Council is aligning itself with young, up-and-coming designers, such as those from Central St Martins College.
The British Fashion Council is aligning itself with young, up-and-coming designers, such as those from Central St Martins College.

London falling?



London Fashion Week begins today, with its customary cacophony of excitement, angst, panic, denial and Cool Britannia-style self-promotion. In frock-watcher circles, it is the most controversial of occasions, and this year especially so, as a simmering rivalry with New York comes to a furious boil over the refusal of the Council of Fashion Designers of America to back down on their plans to run concurrently with London next year. If this goes ahead, the British capital will be left with just three or four days to show, rather than the usual six. This Tuesday, a summit of the leaders of the various fashion organisations from Milan, Paris, New York and London will meet to try to resolve the issue, but whatever the result, the city's image has taken a beating.

The four big fashion weeks of each season are the most important dates in the trade calender for stylists, buyers, designers and fashion journalists. New York, London, Milan and Paris not only establish the trends that will carry through to the high street several months later in watered-down versions that we'll all be wearing come spring, but they are also the balance on which a designer's success is weighed. A few dodgy reviews from Style.com and last year's darling could be this year's has-been. Play it safe and you risk being labelled "commercial" (oh, the horror!) and sidelined in favour of the new enfant terrible; take too many risks and department-store buyers will consider you "uncommercial" (equally unthinkable) and give your collection a miss.

And it's not just designers whose reputations are at risk: it's the fashion week as a whole. Will Milan be extravagant or predictable? Is New York classic or boring? Has Paris lost the plot? And does anyone care about London any more? Well, that's a bit harsh. After all, London has been the launch pad for some of the world's most creative, flamboyant and successful designers - John Galliano and Alexander McQueen being the most commonly cited; though the likes of Stella McCartney, Christopher Kane, Christopher Bailey and Vivienne Westwood are no less important. It is internationally loved for its anarchic approach to fashion, its punky aesthetic, its youth and vigour. However, it is internationally derided for the same qualities.

The last couple of seasons had seen the much-lauded return to London of the likes of Alice Temperley, Matthew Williamson (for one season only) and Vivienne Westwood (with her Red Label, not the main line), as well as a flurry of excitement when - gasp - Anna Wintour, the editor-in-chief of US Vogue, put the city back on her schedule, a sure sign of a return to form. British designers were suddenly the ones to watch - Christopher Kane singlehandedly brought back the "body-con" trend and, it could be argued, paved the way for the return of the original body-con kings, Hervé Léger and Azzedine Alaïa. A whole crew of new designers appeared on the scene, previously unknown yet suddenly name-dropping material, such as Roksanda Ilincic, Richard Nicoll, Danielle Scutt, Louise Goldin, Marios Schwab and Erdem Moralioglu.

This season, though, the power struggle between the fashion weeks has been thrilling the blogosphere and fashion editors for months. From the damp squib that was this year's Model Health Enquiry, which the British Fashion Council had hoped would persuade the other style capitals to end the use of starving models (for a while Britain was the proud pioneer, thrusting ahead of those old fuddy-duddies in Paris, Milan and New York, but in the end the plan was rejected by its global counterparts) to the current clash with New York, London has been undermined and the gloom has descended, along with economic misery, political disillusionment and crushed ambition.

This turn of events has only served to emphasise the precariousness of London's position, particularly with some of the "second-tier" fashion weeks, such as Mumbai, Sydney and São Paulo, nipping at its heels. If the British Fashion Council attempted to pull the same trick, deliberately showing at the same time as New York, there's little doubt that the Big Apple would be in a strong enough position to shrug its power-suited shoulders and say, "Go ahead, punks: make our day". The prospect of either New York or London attempting the same trick with Milan or Paris is simply inconceivable.

This may seem a meaningless argument: after all, surely market forces mean that whichever fashion week is the more important to buyers will come out on top, full stop. But this rather utilitarian approach fails to take into account the less quantifiable offerings of London - the creativity, the highly trained graduates, the support for young talent - that simply don't work as well in the rest of the world. Without the genius of the London-trained John Galliano behind it, would Dior's extravagantly feminine collections be as wonderful as they are today? Would a designer as young and fresh as Kane have been able to break through in the labyrinthine schedules of Paris or Milan?

One of Villa Moda's buyers, Natalie Van Rooyen, is attending London Fashion Week, and raves about the attractions of both the city and its designers. "I think the reason the designers are so innovative is that London is a melting pot of cultures and nationalities and background, so they get inspiration from everything around them," she says. "How could you not be inspired? When I first went to London I was really amazed by the people, the dress sense, their own sense of style. That's what keeps the designers fresh. You do find that edge in London - our clients get bored easily, so we need exciting clothes. We've seen a lot of shifting from big names like Gucci, Dolce & Gabbana and so on, to something different and more individual, and in London you find all these brands. We buy, to name a few, Vivienne Westwood, Pringle of Scotland, Liberty of London, Christopher Kane, Jonathan Kelsey, Nicholas Kirkwood, Ossie Clark and Linda Farrow. We have to keep fashion fresh."

Sue Evans, the senior fashion editor for the online trend forecaster WGSN.com, who has been reporting on the international fashion weeks for about 30 years, agrees: "I think London gives the fashion world a little more creativity than other cities on the fashion circuit," she argues. "Not just through the designers showing but from the whole buzz that surrounds fashion week - the way the kids dress, the parties etc. Of course a lot of it is hype and designers come and go with alarming speed, but buyers do come here for that fashion fix, which they don't get anywhere else."

The British Fashion Council's decision to embrace London's reputation and align itself strongly with young, up-and-coming designers could prove its saviour, offering the world a different take on fashion by encouraging the talents of the strongest graduates from some of the best fashion schools in the world, such as Central Saint Martins College of Art & Design and the Royal College of Art. With sponsorship opportunities such as New Gen, which helped launch the likes of Alexander McQueen, House of Holland and Sophia Kokosalaki, and Fashion Forward, which is currently helping Kane, Schwab, Ilincic and Moralioglu to get their businesses on a secure footing, London is breaking plenty of new talent and helping it survive once it's there.

Carving a unique path will inevitably involve hitting some rocks, though. "London doesn't have the polish of Paris or Milan, though I think that's because we do encourage all this creative energy - possibly mistaking it for true talent," says Evans. "But I think we need to go back to the roots of the business and educate fashion students more about the actual machinations and the commercial aspects of the industry.

"I am not sure many designers will survive through hard times," she warns, "purely because there are so many who are relatively inexperienced and who certainly don't have the business acumen. I was talking to a buyer the other week who has had to stop trying to support young design talent because they don't deliver the goods and she can no longer risk budget on orders that may not arrive or if they do are shoddily made. I think the current climate will sort the men from the boys as it were and there will be less room for off-the-wall designers who bring a lot of hype to the table but little else. Buyers will have to be far more cautious and will be thinking of their bottom line."

Certainly, caution is a strong motivation in Van Rooyen's buying, in spite of her customers' demand for the new and different. "I've been lucky and not really experienced any of those problems of poor quality and distribution, but I hardly pick up anyone from New Gen. Last season I did pick up Richard Nicoll, though, and the quality is really good. But some of the young designers, you have to just watch from season to season, because they're not yet realistic, they haven't done the research, and some of the prices are outrageous for a start-up. Of course it's challenging, but it's only the stronger ones that come back season after season. And from our side we have to make sure that we aren't part of the problem. Young designers have small budgets and if someone pays late it can ruin their whole production line. As a buyer I would like to support more young designers, but commercially it's difficult if our budgets are delayed because of building or whatever."

This week will be crucial for the British fashion industry, of that there is no doubt. But as long as London can retain its USP - young, creative designers given the support they need - it looks like it will stay in the diaries of most forward-looking fashion professionals. "London's the place for energy and edge," confirms Van Rooyen. "Milan Fashion Week is never really interesting in terms of finding new designers and Paris Fashion Week is very pretentious so it would be hard for anyone new to break through. New York Fashion Week is interesting, though - we usually find interesting young designers in New York." New York, huh? London's nemesis strikes again.
@email:gchamp@thenational.ae

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

PULITZER PRIZE 2020 WINNERS

JOURNALISM 

Public Service
Anchorage Daily News in collaboration with ProPublica

Breaking News Reporting
Staff of The Courier-Journal, Louisville, Ky.

Investigative Reporting
Brian M. Rosenthal of The New York Times

Explanatory Reporting
Staff of The Washington Post

Local Reporting  
Staff of The Baltimore Sun

National Reporting
T. Christian Miller, Megan Rose and Robert Faturechi of ProPublica

and    

Dominic Gates, Steve Miletich, Mike Baker and Lewis Kamb of The Seattle Times

International Reporting
Staff of The New York Times

Feature Writing
Ben Taub of The New Yorker

Commentary
Nikole Hannah-Jones of The New York Times

Criticism
Christopher Knight of the Los Angeles Times

Editorial Writing
Jeffery Gerritt of the Palestine (Tx.) Herald-Press

Editorial Cartooning
Barry Blitt, contributor, The New Yorker

Breaking News Photography
Photography Staff of Reuters

Feature Photography
Channi Anand, Mukhtar Khan and Dar Yasin of the Associated Press

Audio Reporting
Staff of This American Life with Molly O’Toole of the Los Angeles Times and Emily Green, freelancer, Vice News for “The Out Crowd”

LETTERS AND DRAMA

Fiction
"The Nickel Boys" by Colson Whitehead (Doubleday)

Drama
"A Strange Loop" by Michael R. Jackson

History
"Sweet Taste of Liberty: A True Story of Slavery and Restitution in America" by W. Caleb McDaniel (Oxford University Press)

Biography
"Sontag: Her Life and Work" by Benjamin Moser (Ecco/HarperCollins)

Poetry
"The Tradition" by Jericho Brown (Copper Canyon Press)

General Nonfiction
"The Undying: Pain, Vulnerability, Mortality, Medicine, Art, Time, Dreams, Data, Exhaustion, Cancer, and Care" by Anne Boyer (Farrar, Straus and Giroux)

and

"The End of the Myth: From the Frontier to the Border Wall in the Mind of America" by Greg Grandin (Metropolitan Books)

Music
"The Central Park Five" by Anthony Davis, premiered by Long Beach Opera on June 15, 2019

Special Citation
Ida B. Wells

 

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

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Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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Al Nasr 2

(Negredo 1, Tozo 50)

Shabab Al Ahli 1

(Jaber 13)

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

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.”

What are the main cyber security threats?

Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

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Price: From Dh1,350,000

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The biogs

Name: Zinah Madi

Occupation: Co-founder of Dots and links

Nationality: Syrian

Family: Married, Mother of Tala, 18, Sharif, 14, Kareem, 2

Favourite Quote: “There is only one way to succeed in anything, and that is to give it everything.”

 

Name: Razan Nabulsi

Occupation: Co-founder of Dots and Links

Nationality: Jordanian

Family: Married, Mother of Yahya, 3.5

Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”