Ferrari even has teddy bears in jackets with the company's logo. Lee Hoagland / The National
Ferrari even has teddy bears in jackets with the company's logo. Lee Hoagland / The National

Fast fashion: The rise of car brands in the world of retail



The hand-finished paintwork is in the signature lustrous deep red, the chassis is carbon fibre with other parts in cutting-edge resins and acrylics. In fact, the prototype for this Ferrari 599 GTO took more than 3,500 hours to create. And at Dh27,680 this Prancing Horse comes cheap. There is, perhaps, just one problem: at just 60cm long, it is rather hard to get into.

It is, of course, a model of a Ferrari 599 GTO, just one of the latest raft of merchandise sold through the company's high-profile international franchise stores, making the car brand probably the world's most heavily licensed. In these stores, one can find Ferrari clothes and jewellery, bags, bikes and skis - and, for those who see this as a stretch, a mouse pad or pencil. Ferrari, meanwhile, made Dh216 million profit last year from such items - close to 20 per cent of its total income.

Small wonder, then, that the prestige car company is not alone. This summer, as part of a comeback that will also see the launch of five new models (full size) over the next few years, Lotus unveils its Heritage Collection of chic clothes and leather goods. It will open a flagship store in London by the end of the year and has a second range of what it calls "fan gear" in the pipeline. Maserati and Land Rover, meanwhile, are among brands now reviewing their product lines with a view to better servicing the demand for auto goods.

"These days, you now have to think of companies like Ferrari as being different brands for different audiences," argues Ferrari spokesperson Stephano Lai. "Often, the main product has a very limited customer base - those who can actually buy a Ferrari - but there are also millions who still love the product, the history, the sport and want to buy into it."

Indeed, the watch industry may have been among the first to realise the growing potency of car brands. Breitling's association with Bentley was followed by Jaeger-LeCoultre and Aston Martin, while Audi, BMW, Ferrari, Morgan and Mercedes were not far behind in getting involved.

But the market now scopes the suitably souped-up. This year Lamborghini and Asus launched the VX5 laptop, its one terabyte of solid storage, making it the largest available, and last year Audi became the first car manufacturer to show at the International Toy Fair in Nuremberg, with a 1:2 scale kids' version of its classic Type-C racing car.

The market also includes original oil paintings, such as those made by Cultworks for the likes of Alfa Romeo, and, all ironies aside, even wine, such as the fine and artfully designed bottles produced for Lancia, Fiat, Alfa Romeo and Maserati from the Scrimaglio vineyard. "And people will buy our product rather than a competitor's wine because their names are on the label," notes Silva Balza, Scrimaglio's head of marketing.

But while such efforts may clearly provide a revenue stream ("it's good business, of course," notes Lai), don't they also risk demeaning the cars that make them possible? Rolls-Royce is not saying that, exactly; but its merchandise consists of either a memento of a visit to its headquarters in Goodwood, UK, or as an item bespoke made for one of its cars - luggage, a humidor or a picnic hamper, for example, "which anyone can buy, providing they buy the Phantom to go with it," quips its product manager, Nigel Wonnacott. "Merchandise is right for some car brands, but we wouldn't want to give the impression we'd taken the eye off the ball of actually making our cars by putting out lots of other products."

"Historically, the problem of car merchandise has been compounded by the fact that a lot of it has tended to scream about the cars too much, to be pretty cheap stuff and often not great quality - it's all polo shirts and caps," adds Antonio Marsocci, formerly of Armani and now Lotus's head of retail.

But the market, he stresses, is now changing. Increasingly, products are upmarket - in line with the brand values behind the cars - and produced in conjunction with experts in their field. Lotus knitwear, for example, is made with Lora Piana cashmere, while Ferrari, which is now also reviewing its merchandise with plans to offer less but better, teams up with the likes of Puma for sportswear, Tod's for shoes and Mattel for models. And the company's stores are deliberately located on more expensive shopping streets. "Licensing products is now very easy for some car brands to do and very hard to do properly," as Lai puts it.

Certainly the image of the market as being all keyrings and Biros is changing rapidly. According to Ivan Ferrari, director of esteemed pen-makers Ferrari da Varese, not all merchandise is necessarily bought by consumers who love the cars but cannot afford them.

After all, the innovative Bugatti Veyron pen, which his company devised for the car company last year, costs Dh55,000.

"And the fact is that we live in such a car-centric society that some car brands can now inspire a love that means people want to buy genuinely luxurious items around the core products," Ferrari says. "They are really luxury brands in their own right now, with the kind of aura that applies to other luxury brands."

Marsocci at Lotus - where the average spend per visit to Lotus's online shop is now Dh1,500 - agrees, arguing that, increasingly, merchandise lines are now developed as complete lifestyle brands because "prestige car brands are themselves lifestyle brands now - when you buy a car, you're buying into a certain set of attitudes that appeal. You're not buying the car just to go fast".

And, furthermore, while the backing of a big car name certainly puts a spin-off line near the front of the grid from the outset, such lifestyle products have the potential to appeal even to customers with little or no interest in the cars.

For one manufacturer, its line of clothing and accessories is absolutely integral to its branding and image. Harley-Davidson, the US motorcycle maker, has an extensive range of riding and lifestyle gear, and large portions of the company's showrooms are dedicated to the vast selection of jackets, boots, balaclavas and other clothing and accessories that are popular with the Harley crowd. Harley riders tend to buy into the "lifestyle" of the brand, as opposed to just motorcycling in general, and the merchandise is important in building the image of a leather-clad Harley rider - or for those who simply want to live the lifestyle without even getting a bike.

Perhaps one last reason underpins the merchandise explosion. As Lai puts it: "If we didn't do it, someone else would - and with an inferior product. It's why we work with partners; they too, then, have an interest in trying to control the flow of fakes and unlicensed products."

Not that unlicensed necessarily means it is not any good. Indeed, never mind the merchandise produced by the car companies themselves, an entire parallel market of products continues to grow too, offering ever more esoteric ways of tapping into car glamour. Take, for example, the British company GTO, which makes cuff links not from gold or platinum, but from what it calls the much more precious RFM, or Real Ferrari Metal, salvaged from vintage cars. Later this year, it will launch a similar line with the company behind Bluebird, of world land and water speed record fame. Then there is V12 Designs, a company that remodels Jaguar engines as coffee tables. Or US company Racechairs, makers of Dh30,000 executive chairs using authentic seats from the likes of Porsche and Lamborghini.

"Countless dollars have gone into ergonomics and engineering to make these seats some of the most comfortable you can sit in," says Ron Hansen, the company founder. "But the fact is that most people - okay, most men - just want to sit in them because they are part of sexy brands. And that works for some companies but not for others, of course.

"Put it this way, no one has asked for a Ford chair yet."

Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

Salah in numbers

€39 million: Liverpool agreed a fee, including add-ons, in the region of 39m (nearly Dh176m) to sign Salah from Roma last year. The exchange rate at the time meant that cost the Reds £34.3m - a bargain given his performances since.

13: The 25-year-old player was not a complete stranger to the Premier League when he arrived at Liverpool this summer. However, during his previous stint at Chelsea, he made just 13 Premier League appearances, seven of which were off the bench, and scored only twice.

57: It was in the 57th minute of his Liverpool bow when Salah opened his account for the Reds in the 3-3 draw with Watford back in August. The Egyptian prodded the ball over the line from close range after latching onto Roberto Firmino's attempted lob.

7: Salah's best scoring streak of the season occurred between an FA Cup tie against West Brom on January 27 and a Premier League win over Newcastle on March 3. He scored for seven games running in all competitions and struck twice against Tottenham.

3: This season Salah became the first player in Premier League history to win the player of the month award three times during a term. He was voted as the division's best player in November, February and March.

40: Salah joined Roger Hunt and Ian Rush as the only players in Liverpool's history to have scored 40 times in a single season when he headed home against Bournemouth at Anfield earlier this month.

30: The goal against Bournemouth ensured the Egyptian achieved another milestone in becoming the first African player to score 30 times across one Premier League campaign.

8: As well as his fine form in England, Salah has also scored eight times in the tournament phase of this season's Champions League. Only Real Madrid's Cristiano Ronaldo, with 15 to his credit, has found the net more often in the group stages and knockout rounds of Europe's premier club competition.

MATCH INFO

Euro 2020 qualifier

Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)

TV: Match is shown on BeIN Sports

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

 


 

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy

Dengue fever symptoms

High fever (40°C/104°F)
Severe headache
Pain behind the eyes
Muscle and joint pains
Nausea
Vomiting
Swollen glands
Rash


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