Raphael Young’s latest venture Public Serv-ce has been a long time coming. “I had this project in mind for years,” the Seoul-born designer says.
“It was at a time when I was asking myself what people would wear in the future, the day humans would understand that everything we produce should be virtuous and sustainable, but at the same time adapted to our modern way of living.
"This vision of the future was very clear to me; it had to make design, sportswear and biotechnology all co-exist.”
Revolutionising athleisure
Young’s manifestation of that vision is the recently launched Public Serv-ce, which at its heart is an athleisure brand. However, it offers much, more more as it applies thoughtful biomorphic design principles to sportswear and then elevates them by introducing the latest biotechnologies into the mix.
The result is a collection of clothing that is “probably what corresponds the most to what people like to wear every day,” says Young. “It has to be sleek and simple, beautiful, comfortable, accessible, and use the latest biotechnologies to provide the highest level of sustainability and physical benefits.”
Young is convinced this approach, which he has dubbed “well-feeling”, could revolutionise the industry. “The concept of well-feeling is, for us, the physical translation of well-being through the ultra-soft feel of our eco-materials, the engineered bio-fit comfort and the natural biotechnologies we use to treat our fabrics, which are clean and respectful of human skin, biodiversity and the environment.”
He describes Public Serv-ce’s aesthetic as on point and ahead of the curve – “as simple and perfect as an Apple design”. It is rooted in organic design principles that respect natural forms and proportions.
“It is super fluid and futuristic at the same time; no superflux, pure and kind of intuitive.”
Seaweed, hemp and peppermint oil
For the collection’s first release in April, Young unveiled a line of core pieces, including T-shirts crafted from organic cotton and treated with peppermint oil, which has antimicrobial properties that keep the fabric fresher for longer. This, in turn, helps reduce the number of washes required, resulting in less water and energy consumption. Recycled cotton, bamboo, hemp, lyocell and seacell, which is made from seaweed, have also been incorporated, alongside bio-based components that replace plastic.
Materials are enhanced with special plant-based treatments that provide antimicrobial, odour-proofing, quick-dry, cooling, blood-stimulating, compression and shock-absorption qualities.
“We have a high-collar sweatshirt, plus a futuristic tracksuit with exo-pads on the shoulders as well as legs made of organic and recycled cotton fleece. It has an incredibly soft touch, which is enhanced using special natural treatments,” Young explains.
“Another important segment of our first drop is a unique yoga and running line, which we designed with a compression 3D woven seamless fabric to boost blood circulation. It is all made from recycled polyamide.
"All these pieces have transparent soft-touch care labels and a recycled rubber tag that identifies our products.”
Pieces from the collection, including bio T-shirts, sweatshirts, joggers, yoga leggings and bras, will be available from this month exclusively at Galeries Lafayette in The Dubai Mall.
It is the perfect proposition for a post-pandemic era, where consumers' increased consciousness around their buying choices has been supplemented by a growing need to feel more at ease when choosing clothes. But while Covid-19 lockdowns may have acted as a catalyst, the move towards casualisation was gathering momentum long before the pandemic hit, says Young.
“I believe this was here already for a long time and people want to feel good. Who wouldn’t?" he says. "It is part of our mission to bring more ease and comfort to your life.
"I disagree with the old way of doing fashion that too often neglects the comfort of people, who must suffer wearing it for the sake of having an amazing look.",
Fashion's anachronisms
The collection is also unisex and season-free, which ties into the overall ethos of creating clothing that is built to last and is thus, by default, sustainable. For Young, seasonality is an anachronism.
“This is an absurdity that at the beginning was based on real meteorological necessities, but that is now completely based on marketing and sales purposes," he says. "We don’t need to create six collections a year with season, pre-season, cruise, couture etc.
“We should create more durable designs rather than surfing on an ephemerality that pushes people to consume more all the time. There are no more seasons. People travel. Seasons became shorter. We should just consider warm, mild or cold weather.”
This is not the first foray into sustainable fashion for Young, who has also developed eco-friendly footwear under his activist streetwear label F_WD.
The celebrated shoe designer started his career apprenticing at Yves Saint Laurent and has steered the creative direction of brands such as Calvin Klein Collection accessories, Off-White, Jil Sander, Paco Rabanne and Fendi.
"He launched his eponymous label in 2009, which has been donned by the likes of Beyonce, Lady Gaga and Rihanna. However, it is his staunch commitment to creating fashion and accessories that combine style with sustainability that truly sets him apart.
“I believe people want it all – design and sustainability at the same time. It’s not a choice,” he says. “We don’t have to sacrifice anything to look and feel good at the same time.”
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
Infiniti QX80 specs
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
%3Cp%3E%3Cstrong%3EEdinburgh%3A%3C%2Fstrong%3E%20November%204%20%3Cem%3E(unchanged)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBahrain%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2015)%3C%2Fem%3E%3B%20second%20daily%20service%20from%20January%201%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKuwait%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2016)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMumbai%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAhmedabad%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColombo%3A%3C%2Fstrong%3E%20January%202%20%3Cem%3E(from%20January%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMuscat%3A%3C%2Fstrong%3E%3Cem%3E%20%3C%2Fem%3EMarch%201%3Cem%3E%20(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELyon%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBologna%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Emirates%3C%2Fem%3E%3C%2Fp%3E%0A
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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