While Covid-19 may have changed fashion events, it has not stopped them, as Hermes proved on July 5 with its low-key menswear presentation beamed live from Paris.
Replacing the standard runway show, a format that is impossible with current social distancing rules, the storied French house opted to showcase 18 looks for spring / summer 2021 in a live performance. Called Hors Champs (meaning behind the scenes), the presentation was a collaboration between Veronique Nichanian, artistic director of Hermes menswear, and Cyril Teste, theatre director and filmmaker.
We don't want to create a fashion show or an absolutely finite performance. We want it to be an event.
Speaking ahead of the event, Teste said: "We don't want to create a fashion show or an absolutely finite performance. We want it to be an event: the process of creation experienced; a live sculpture, as it were. I hope that our playful approach freed our endeavour from a 'making of' vibe that was never our intention. The idea was rather to film what was off-camera."
The audience was transported backstage during the shooting of the company's look book, and given rare insight in to an event that people never normally see. As the camera moved through the airy space, we saw various characters drift past. The performance captured models in their downtime, glued to their phones and waiting to be summoned; there was the last-minute tweaking of outfits, done by Nichanian herself; the crew moving around in headsets; and racks of clothing and accessories.
Hermes is not – and never has been – a brand that chases trends. In fact, it barely acknowledges seasons, presenting instead seasonless, little-bit-of everything collections that we all wished we owned, and that are made to be worn for years.
As a house, it is about supreme quality, expensive finishings and beautiful materials. The quiet setting that Teste created perfectly suited the brand's mantra. Relaxed looks fashioned from deerskin, technical canvas, cashmere, silk, metis goat skin, cotton poplin and linen panned past, in the form of layered micro-collared shirts under lightweight blouson jackets, themselves cut from shirting. Light knits the colour of putty were worn half tucked into single pleat-fronted trousers, cut wide in the leg and stopping at the ankle. It was all signature Nichanian – effortless, understated elegance.
Lasting eight minutes, the event was essentially a single, continuous cut moving around the space, hinting at some clothes and more closely examining others. One lovely moment saw a model pausing to flip up his jacket collar, only to pull his phone from a hidden pocket within the lapel itself.
The frantic aspect of fashion does not interest me in the slightest.
The colours, too, were classic Nichanian – stone, Mediterranean blue, gravel, putty and one jolt of shocking, wonderful chartreuse.
"My work has always focused on form, material and colour," she explains. "The frantic aspect of fashion does not interest me in the slightest. Here at Hermes, we use an equestrian phrase that seems particularly apt in this day and age: 'Straight ahead, calm and poised.'"
Created during the strict French quarantine, this collection was much smaller than Nichanian’s usual offerings. “We were cut off from our usual means of production,” she explains. “I also selected 18 silhouettes where I normally select around 40, partly due to the nature of the performance. I said to Cyril: 'Here is my collection, do with it what you will.' I brought him my work, he did his work, and together we created this moment.
“Creativity feeds on the unexpected. That moment backstage before the show, the boys biding their time, some goofing, others in thrall to their phones, models who are not actors, surrounded by photographers: these classic off-camera moments of a show, the glimpses one usually never gets, are precisely what will for once be visible to all.”
As a collection, it carried all the hallmarks of Hermes and Nichanian, steeped in the nonchalance that both do so well. As an event, it was a creative new approach that perfectly suited the house.
"In lieu of an audience, spectators will see the people on set, such as my team and the Hermes studio team," Teste explains. "Spectators will be seeing something incontrovertibly authentic."
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Syria squad
Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.
MATCH INFO
Champions League quarter-final, first leg
Manchester United v Barcelona, Wednesday, 11pm (UAE)
Match on BeIN Sports
Major honours
ARSENAL
BARCELONA
- La Liga - 2013
- Copa del Rey - 2012
- Fifa Club World Cup - 2011
CHELSEA
- Premier League - 2015, 2017
- FA Cup - 2018
- League Cup - 2015
SPAIN
- World Cup - 2010
- European Championship - 2008, 2012
Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
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Fuel economy: 19.6L / 100km
The specs: Rolls-Royce Cullinan
Price, base: Dh1 million (estimate)
Engine: 6.75-litre twin-turbo V12
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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.”
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Zayed Sustainability Prize
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)