A look from designer Andrew GN at Paris Fashion Week
A look from designer Andrew GN at Paris Fashion Week

Statement pieces make designer marks in Paris



If Saturday was a day of quiet classics on the catwalk, Sunday was all about statements of intent from designers new and well-established, with an air of renewal at Kenzo, Issey Miyake, Hermès and even Givenchy.

Not so for the Paris-based American designer Andrew Gn, though, who looked back 100 years in his collection, to the Art Nouveau style as it was influenced by Japanese design. While the inspiration may have been archaic, his interpretation was proof that modern need not mean plain, with the stiff, richly patterned brocades folded origami-like, tight to the bodice and springing out into the full skirts of jaunty suits and feminine frocks. The kimonos of Gn's Japanese grandmother offered the basis for jacket shapes, elbow-length sleeves and prominent beaded belts. The daytime looks were certainly the most successful, with sumptuous textures and rich colours in jacquard silks, and even bubble-hem skirts with silvery prints. Concessions to the season's prevailing trends included a powder-yellow minidress, crisply gathered at the waist, but the eveningwear looked a little old-fashioned. Floating chiffon gowns with embellished belts and beaded bodices were beautifully constructed and will certainly sell well, but given his grandiose theme, they felt a little pedestrian.

At Issey Miyake, the young creative director Yoshiyuki Miyamae produced an electrifying debut collection, earnest and ravishingly beautiful. Admittedly, he had won over the crowd in the steamy Tuileries tent before he even started, by offering them iced bottles of water and fans. But it was the narrative of his show that really made an impression. The clothes were intended to represent the blooming of flowers, starting with simple neutral suits and gradually revealing hints of colour until a finale that saw the models float down the catwalk in exotic graduated hues, from rich cobalt to sunshine yellow, wearing organic headpieces by Christophe Coppens that looked like the tips of flower stamens. As they stood together around a rod of light, it was a moment that could have been as silly as any fashion spectacle but was, in fact, genuinely moving. None of that would mean anything if the clothes weren't good, but they were: wonderful, draped, silken tunics, high-tech sheer, fine knits with prismatic prints (from a traditional print house in Kyoto) and neon sporty leggings beneath. Miyamae got off to a superb start.

A sense of cleansing was also in place at Hermès, where Christophe Lemaire's second collection for the ultra-luxurious French brand offered austerity, simplicity and, of course, a hefty dose of stealth-wealth quality in off-whites and caramel shades.

Another first collection came from Carol Lim and Humberto Leon, the duo behind New York's super-hip fashion store Opening Ceremony, which made its debut at Kenzo on Sunday. There were few signs here of the romantic florals and artisanal details of Kenzo's last few years under the Sardinian designer Antonio Marras: this was the edgy side of Kenzo Takada's original Jungle Jap store, with New York polish on top. And the pair (too camera shy to take a bow) really did bring the Big Apple with them in their 15-minute presentation, to be repeated for a changing audience over two hours. Bored to Death's Jason Schwarzman stood in a corner with a drum kit, accompanying a reworking of Girls Just Wanna Have Fun, and a brunette Chloë Sevigny closed the show in a silky blue boilersuit. The clothes reinforced the message of the song: nothing fussy; just bright primary colours, strong shapes, functional fabrics, sporty urban staples and, once in a while, a seaside-themed print. It was as unParisian as can be, and all the more exciting as a result.

At the other end of the scale of Parisian-ness, Givenchy is always a big event, with a star-studded crowd (Liv Tyler, Kanye West, Ciara, Naomi Campbell, Juliette Binoche), even if it doesn't start till nearly 9pm and is held in the courtyard of a secondary school on the Boulevard Malesherbes. As if in sympathy for the foot-sore journalists and buyers, Riccardo Tisci sent his models out at frantic speed, with barely a pose for the photographers, and the whole presentation was over in minutes, finishing with Gisele Bundchen back on the catwalk. That energy - accompanied by pounding, hyperactive music - extended to the clothes too, with Tisci developing his normally rather sombre ready-to-wear into exaggerated silhouettes, extravagant ruffles and theatrical jacket peplums. Fabrics included sequinned pinks, silky khaki, a leopard-print and silvery sequins, as well as matte black paillettes - and shark's-tooth necklaces enhanced the aggressive power of the stomping, glaring models.

MATCH INFO

Argentina 47 (Tries: Sanchez, Tuculet (2), Mallia (2), De La Fuente, Bertranou; Cons: Sanchez 5, Urdapilleta)

United States 17 (Tries: Scully (2), Lasike; Cons: MacGinty)

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.”

THE%C2%A0SPECS
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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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 
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Biography

Favourite Meal: Chicken Caesar salad

Hobbies: Travelling, going to the gym

Inspiration: Father, who was a captain in the UAE army

Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter

Favourite film: The Founder, about the establishment of McDonald's

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Company%20profile
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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5