A view of La Roca Village, in Barcelona, Spain, one of 11 locations the Bicester concept has expanded to. Photo: Bicester Collection
A view of La Roca Village, in Barcelona, Spain, one of 11 locations the Bicester concept has expanded to. Photo: Bicester Collection
A view of La Roca Village, in Barcelona, Spain, one of 11 locations the Bicester concept has expanded to. Photo: Bicester Collection
A view of La Roca Village, in Barcelona, Spain, one of 11 locations the Bicester concept has expanded to. Photo: Bicester Collection

A look at Bicester Collection, where designer discounts are only part of the bargain


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Despite the fact that I have worked in fashion for the best part of 25 years, I am not quite what you would call a shopper. Rather than meandering for miles, I want my shops corralled tightly together – and even then, my limit is a couple of hours before I am off in search of food and other distractions.

Apparently, I am not alone in this and, as far back as 1995, one company recognised there was plenty of room for improvement when it came to engaging with retail customers.

Called Bicester Village, this concept was – and remains – an outlier in retail. Launched by the Value Retail company, it essentially offers discounted goods by big-name brands. But to create a more upscale, personalised experience, it scrutinised how malls, department stores, high streets and upscale shopping districts catered to different kinds of customers, and then cherry-picked the best elements from each for its curated location an hour's drive from London.

Offering a multitude of different shops, like a mall, it has a strong identity and a curated offering, like a department store. The charm of wandering through high-end shopping districts, meanwhile, has been replicated as small streets to window-shop in – minus the traffic. And, finally, it taps into the familiarity and convenience of a local high street with a site layout small enough to be easily covered on foot.

Inside the members-only Apartment at Fidenza Village near Milan. Photo: Bicester Collection
Inside the members-only Apartment at Fidenza Village near Milan. Photo: Bicester Collection

Twenty eight years later, the concept has been expanded to 11 locations across eight countries, including Belgium, France, Germany, Ireland, Italy, the UK and China. Operating under the collective umbrella of The Bicester Collection, each village is situated close to a major gateway city, such as Barcelona, Munich, Dublin, Paris, Shanghai and Milan.

In spite of my non-shopping credentials, I find myself at the outlet in Fidenza Village, which is an hour from Milan and a short drive from the charming town of Parma. Like its counterparts around the world, Fidenza has been carefully orchestrated to ensure even people with the attention span of a toddler (ie me) have plenty to entertain them.

Alongside a who’s who of high-end fashion brands – Giorgio Armani, Dolce & Gabbana, Loro Piana, Versace, Ralph Lauren and Prada, to name just a few – offering discounts of up to 60 per cent, there are plenty of restaurants, cafes and food trucks scattered between, including one selling Italian gelato.

Street art at Fidenza Village, Italy. Photo: Bicester Collection
Street art at Fidenza Village, Italy. Photo: Bicester Collection

After enjoying gnocchi fritto at Signorvino restaurant, we set off explore the village. One of our party unearths a coveted Vivienne Westwood pearl necklace, while another snaps up a teddy bear winter coat, despite living in Qatar. I unexpectedly stumble upon a shop selling Miss Haversham-style taffeta dresses for as little as €35 each. I buy an armful.

We are invited to The Apartment, an upscale private space found in each Village. Despite the name, this is not a living space, but rather a place to hang out and relax, enjoy a coffee and take in the hand-painted murals. With a separate entrance, this members-only enclave is filled with vintage furniture, original artworks and even has its own signature perfume, Rosso Nobile by the Florentine house Dr Vranjes.

Having taken over two decades to fine tune its approach, the Bicester Collection has hit on a recipe that clearly resonates with local residents and overseas tourists alike. In 2019, it welcomed 45 million visitors globally, while the British site alone attracted 7.3 million people, earning it the moniker of being the most densely packed shopping destination in the world. With Chinese tourists meanwhile, Bicester is the second most visited location in the UK, after Buckingham Palace.

Part of this success is down to the extra services offered as standard, including hands-free shopping, where purchases are picked up and stored for the day, and The Concierge, a dedicated space to relax in, grab some information, store shopping or have items gift wrapped. Open to anyone, it is just one of the perks available.

The Apartment, with its hand-painted walls, is a space to relax and unwind. Photo: Bicester Collection
The Apartment, with its hand-painted walls, is a space to relax and unwind. Photo: Bicester Collection

A personal stylist can be booked, also for free, while overseas visitors can ship purchases home, thanks to a special discounted rate with DHL. Visitors to Fidenza Village can also make use of the on-site tax refund desk.

As part of an ever changing programme of events and art, UK's Bicester Village has an Elton John pop-up this summer, filled with limited-edition items and eyewear designed by the singer himself, while the artist Steve Messam has created a site-specific installation of inflatable sculptures to be dotted throughout the village.

La Roca Village outside Barcelona, meanwhile, will host emerging fashion talents at the Creative Spot x Barcelona Fashion Forward concept store, as part of an on-going mentorship programme, while Madrid’s village, Las Rozas, is staging a contemporary art fair for the second year running, showcasing seven regional artists.

Despite a strong focus on making shopping straightforward and rewarding, the collection does not offer e-commerce. Instead, customers are actively encouraged to reach out directly to the stable of 160 stores, and ask for help tracking down particular items, which can then be paid for online, and shipped. The thinking behind this is refreshingly simple – in an age of anonymous online transactions, Bicester Collection wants to foster good old human-to-human connections.

The leafy surrounds of Las Rozas Village, Madrid. Photo: Bicester Collection
The leafy surrounds of Las Rozas Village, Madrid. Photo: Bicester Collection

This slightly old-fashioned, people-centric philosophy clearly resonates with brands and clients. Shoppers are visiting in record numbers, drawn by the lure of bargains, enhanced by upscale value-adds, while brands trust the group to draw a crowd that is looking for discounts, yet will jump at the chance to bag a full price, new release item.

Case in point, at the Fidenza store, Stella McCartney has its signature Falabella bag. On one wall are past season versions now heavily reduced, while, on another, is the new, fresh-off-the-runway bag at full price. Despite the dichotomy, Fidenza clearly attracts clients who are looking for both.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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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%3Cp%3EThe%20UAE%20will%20host%20Scotland%20for%20a%20three-match%20T20I%20series%20at%20the%20Dubai%20International%20Stadium%20next%20month.%3Cbr%3EThe%20two%20sides%20will%20start%20their%20Cricket%20World%20Cup%20League%202%20campaigns%20with%20a%20tri-series%20also%20involving%20Canada%2C%20starting%20on%20January%2029.%3Cbr%3EThat%20series%20will%20be%20followed%20by%20a%20bilateral%20T20%20series%20on%20March%2011%2C%2013%20and%2014.%3C%2Fp%3E%0A
Stormy seas

Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.

We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice. 

WandaVision

Starring: Elizabeth Olsen, Paul Bettany

Directed by: Matt Shakman

Rating: Four stars

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Updated: June 14, 2023, 3:55 AM