“I grew up with the land as if it was a guardian,” explains Brunello Cucinelli, founder, executive chairman and creative director of the eponymous brand. “These things stayed with me: the importance of having a relationship with creation.”
In the UAE to unveil a capsule collection of abayas at a desert runway show, Cucinelli’s words about creation feel authentic. While many designers like to fabricate a connection to nature, for him this is no act. The son of a farmer, Cucinelli grew up in rural Italy. “We had no electricity, no running water,” he explains. Today he stands a world away from these humble beginnings, as the head of a luxury empire that spans menswear, womenswear and accessories. In November, Forbes magazine estimated that empire to be worth $3.5 billion.
By his own admission, his journey into fashion has not been conventional. He had no connections and dropped out of school to hang out with students at his local cafe. That was a bit of luck, as they introduced him to the teachings of philosophers such as Saint Benedict, Plato and Socrates. This was to shape his life in multiple ways. “I did come to discover that there is an intelligence that comes from education, and another that stems directly from what we see. I spent the years from age 15 to 25 at the local cafe instead of at school. That was my university of life. These were 10 great years.”
It sparked an insatiable thirst for knowledge that has never ebbed. “For the rest of my life, I have been studying the great thinkers and they gave me everything,” says the designer. He explains that life on a farm was difficult but offered a simple clarity. “The Greek philosopher and poet Xenophanes said that 'everything comes from the earth'. We lived in harmony with creation and the first bale of grain we harvested went to the community. My grandfather would cross himself and then walk it into town. Not the last bale, but the first,” he insists. “This is a huge difference.”
Family life was later rocked by a relocation to the city for work. “When I was 15, my father took up a job in a factory. He did not complain about the low wages, but he was subject to constant humiliation. I could see it in his eyes.”
Seeing his father, and later his siblings, helpless to the insults heaped upon them had a profound effect on the young Cucinelli. "They were always treated badly. And why should you do that?” It seems to be a question that has followed him his whole life. Cucinelli determined early on that he would only treat people with dignity and respect. “I said to myself: I don’t know what I will do, but I am sure that whatever becomes of me, I will do it to endorse the small economic dignity of the human being.”
Taught to sew by his mother, Cucinelli was just 25 when he released his first collection of cashmere jumpers, which were fine-gauge enough to slip under a jacket and in eye-catching pale yellows and rust browns. Forty-six years later, the name Cucinelli is now synonymous with light-as-air cashmere, silk, leather and linen clothes that carry a rich, elegant aesthetic. The palette encompasses neutrals, earthy tones and sophisticated metallics as well as crisp blues and pinstripes. Only recently did Cucinelli introduce black into its collections.
True to his teenage pledge, Cucinelli has built an empire hand in hand with his staff. Today he employs close to 1,300 people. “My labourers make a bit more money than the average on the market. No parent recommends their child to take up a job in factory work, so I offer a nice workplace, making fair money,” he says. Paid roughly 20 per cent above the going wage, his staff also have a working day that ends at 5.30pm and are banned from responding to work matters outside office hours. He respects his employees' time and right to a family life.
A few days before our meeting, Cucinelli was in New York to receive the John B Fairchild Award, in recognition of what he describes as his company’s policy of “human sustainability” that enshrines dignity and fairness in working practices. It was far from his first awards ceremony. In 2010 the Italian president awarded him the Knight of Labour honour, while in 2012 he received an honorary degree in philosophy and ethics of human relations from the University of Perugia. In 2017, the German Kiel Institute recognised that Cucinelli conducted himself as an “honourable merchant”, and in 2018, in recognition of his commitment to “Made in Italy”, Cucinelli was made a Knight of the Grand Cross of the Order of Merit of the Italian Republic. In October 2021 he was even invited to address the G20 in Rome on “humanistic capitalism and human sustainability”. Not bad going for a high school dropout brought up on a farm.
While all the accolades are cherished, he admits those that recognise his fairness carry an added poignancy. “This is the part that moves me, as my father always repeated to me ’you must be a good man’.”
As part of his philosophy, he has never been afraid to place a high value on the things he creates. “It's true that we are expensive,” admits Cucinelli, “but the profit that we make is just normal because I wanted every link in the chain to be rewarded a fair amount. I want to make a fair profit as an entrepreneur because you need to have a profit accompanied by an act of giving back. I am an Italian, I want my factory to be in Italy, and the profit should benefit the next generation.”
The idea of fair profit is something he mentions several times. As the man driving the company he has no qualms about it – he works hard and carries all of the risk – yet he is adamant that those who work with him must also share in the benefit. “You know, the consumer is beginning to understand that some companies are making crazy profits. There is a healthy awareness now and not just in fashion. When you sell or buy something, you should do it in a fair way.” Regarding some prominent brands having to mitigate the damage caused by revelations splashed all over the internet about price hiking, he hopes this becomes a reason for atonement. “It's a very difficult moment for the brands because now they have to catch up with the image that they've been projecting,” he says.
In 1985, Cucinelli made the medieval hamlet of Solomeo – close to where he grew up – the family and company headquarters. He has built a theatre and amphitheatre, restored buildings and founded the School of High Contemporary Crafts, to help ensure precious skill sets of tailoring, knitting, sewing and even masonry and farming are preserved while training the next generation of artisans. “We hope to still be here in 100, 200, 300 years,” he explains. With this in mind, he has erected a bust of John Ruskin, the British writer, artist, and philanthropist, in the middle of the village. It is a nod to Ruskin's famous quote: “When we build, let us think that we build for ever. Let it not be for present delight, nor for present use alone; let it be such work as our descendants will thank us for.” Words to live by.
UAE currency: the story behind the money in your pockets
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
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The%20specs
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Sleep Well Beast
The National
4AD
Racecard
7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m
7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m
8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m
8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m
9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m
9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m
10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m
UAE-based players
Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim
Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Fifa%20World%20Cup%20Qatar%202022%20
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Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
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Scorline
Iraq 1-0 UAE
Iraq Hussein 28’
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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.”
Read more from Aya Iskandarani
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
Company%20profile%20
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The biog
Name: Maitha Qambar
Age: 24
Emirate: Abu Dhabi
Education: Master’s Degree
Favourite hobby: Reading
She says: “Everyone has a purpose in life and everyone learns from their experiences”