The Burberry Prorsum Womenswear Spring/Summer 2013 Show. Courtesy of Burberry
The Burberry Prorsum Womenswear Spring/Summer 2013 Show. Courtesy of Burberry
The Burberry Prorsum Womenswear Spring/Summer 2013 Show. Courtesy of Burberry
The Burberry Prorsum Womenswear Spring/Summer 2013 Show. Courtesy of Burberry

Transforming Burberry into a little piece of Britain


  • English
  • Arabic

Christopher Bailey is so sweet and unaffected - pouring sparkling water for me, offering up the other half of the sofa, and answering each of my questions at length with palpable enthusiasm, that it's not until hours later it becomes clear that everything he says is meticulously on-message.

His soft Yorkshire accent and trim, boyish good looks help with this, but there's also infectious enthusiasm for Burberry, the British fashion house whose flagging fortunes he helped reverse, and what seems like genuine respect for his customers, whether they are fashion-world titans or ordinary people who can barely afford a tartan umbrella.

"I hate the idea that people might be made to feel not good enough," he says. "Somebody who saves up for 12 months to buy a purse deserves exactly the same treatment as somebody with endless amounts of money, because it means the world to them. I feel very strongly about making sure that people feel comfortable."

It's a noble sentiment, but it also makes good business sense, especially when a purse retails at around the Dh2,000 mark.

It's days before the launch of London Fashion Week, and we're in the VIP suite of a new Burberry flagship store on Regent Street, which is ridiculously high-tech, with plasma screens scattered about that show close-ups of a handbag, say, when you pick up a real-life handbag and put it on a special plinth. Similar screens in the changing rooms show catwalk models showing off the exact clothes you have chosen to try on; there are iPads for kids to play with in the childrenswear section; and music plays in different sections by "Burberry Acoustic" artists: hand-picked British musicians who you can watch performing gentle folk and rock in spiffy trench coats on the brand's website, or in the flesh at monthly in-store concerts.

All this invites speculation about what's to come in the Middle East when a new flagship for the region arrives in Kuwait in December. All we know so far is that it won't be quite as enormous as the London store, that it will be one of the few outlets in the world to sell products from Burberry Beauty, the make-up range set up by Bailey in 2010 that is currently only available online, and that it will be situated in The Avenues Mall, the country's biggest shopping centre, which is about to complete its new 100,000-square-metre expansion. And its feel will be quintessentially British.

"A Burberry store is a little piece of Britain in the middle of Dubai or Beirut," says Bailey. "It's not like in the Middle East we do something differently. For me, it's always about that authenticity and being true to who you are, rather than saying, 'Now we're going to New York, we have to do a store that's right for the New Yorkers'."

In the UAE there are nine Burberry stores - more than anywhere else in the Arabian Gulf - with dedicated children's shops in both Dubai and Abu Dhabi. The reason for this high demand, Bailey says, is a local love "for things that are beautifully crafted, that have a history and a heritage and a point of view". He also says that Middle Easterners like luxury.

"That weird term 'luxury' is important because luxury can mean a lot of different things. It can, of course, be a beautiful jacket, but it can also be an experience. It can be just being made to feel comfortable in an environment or knowing that there's a history behind a product. And that takes it from being a very nice bag ..." - he picks up a clutch with a clasp in the shape of a fox's head - "... to, wow, someone carved that. Suddenly, there's soul there."

Bailey's rise and his role in revitalising a brand that was once associated more with English football hooliganism than high fashion has been well documented. The younger son of a joiner and a Marks & Spencer window dresser, he was spotted at art school by Donna Karan, with whom he worked for three years before moving to Gucci in his mid-twenties. At the age of 29 he became the creative director of Burberry, and the company's revenue has more than doubled in the intervening 12 years. Bailey oversees the design of everything from store fixtures to new variations on the classic Burberry trench coat.

"I love getting into the details," he says, and starts talking about the piping on the sofa and the particular curve of a chair that "was a nightmare because it never felt comfortable". Everything in the store, he says, "has a little story behind it", and he can't wait for his father to see the place: "We spent a lot of hours and time and passion and love."

One of the most magical details that I happen to witness is the "digital rain shower" that happens a few times a day, and which makes customers and staff stop in their tracks and look around in awe. I'm looking at vintage coats trimmed in materials such as fox fur, pony skin and mink when I notice models on the screens around me clicking their fingers rhythmically. The clicking intensifies and multiplies on all 100 screens in the store, which are showing images of rain; then, as suddenly as it started, it fades away. I don't know what subliminal messages they put in those videos, but I suddenly want a Burberry raincoat more than anything else in the world.

It's very clever branding - there is a reason Burberry has won awards for marketing and digital innovation - and it doesn't feel gimmicky. The teenage fashion superblogger Tavi Gevinson has given a talk about how brands should focus on creating their own aesthetic to attract fickle members of Generation Y, and she singled out Burberry as a company that is getting it right. Its Art of the Trench project, for which anyone can send in a photo of themselves in a Burberry trench for inclusion in an online collage, gives the coats "the status of something you just own; it's just your Burberry trench", she said. The fact that Burberry catwalk shows are streamed on the company's Facebook page and archive designs are displayed on its website helps create a personality that doesn't feel forced.

"When I first joined Burberry 12 years ago," says Bailey, "I always talked about it as this character. A brand for me has a heart and a soul, like a person. It is about creating 'the world'; like, what does music mean to Burberry, what does a physical experience mean to Burberry, how do I want someone to feel when they come into a Burberry store?"

Once this identity is established, you can play around with it, hence a different version of the classic Burberry trench coat for every season and every line, plus a bespoke version that you can order online or in the London store, with all the pink plaid lining or studded epaulettes that your heart desires.

Emma Watson has one already, and if your budget stretches from Dh7,895 for a no-frills trench to Dh18,495 for a monogrammed, Wiltshire shearling sheepskin version, you can follow suit. But Bailey says he's not sick of his company's signature item - which has been worn by everyone from Kate Middleton to Humphrey Bogart in Casablanca - just yet.

"I'm intrigued by it," he insists. "That trench coat is like a chameleon; it changes with different people. And it's not some tailored thing that you have to be careful with. You can throw it in your bag, but it can be very formal and very sartorial. It's amazing."

Unsurprisingly, he lists the trench as a key trend for spring/summer 2013, along with colour and "things that make you smile", and this becomes clear after seeing the Burberry Prorsum catwalk show at a giant greenhouse in Kensington Gardens last month. It was big on metallic, tailored coats and capes in bright blues, pinks and purples, and ended with models parading in almost a rainbow of bright, shiny coats.

As a high-profile figurehead for an FTSE 100 company, it's understandable that Bailey's comments may sound a little rehearsed, but the one time his professional polish momentarily slips is when he talks about tabloid infringement on his privacy. The Daily Mail has printed gossipy stories about his personal life that suggest they have been following him to an unsettling degree.

"It was all really awkward and a bit sad-making," he says. "But never mind; it's done." What matters, though, is that he's happy, and "being happy is the most precious thing in life".

And, luckily for someone who is opening a giant new flagship store and showcasing a new collection at London Fashion Week in the same fortnight, being busy is one of the things that make him happy. "It's generally nuts," he says about his schedule. "But I wouldn't change it. I have a lot of energy and I need to get it out somewhere." And then, at the end of a long day of interviews, he's thanking everyone diligently and sweeping off to Fashion's Night Out.

Introducing the Britain

Unveiled this month, The Britain marks a major move for Burberry - its debut launch on the luxury watch market. Designed by Bailey and inspired by the label's iconic trench coat - from the hand-stitched alligator straps to trench-coloured luminova on the watches' hands and a distinctive, rounded octagonal face, based on the design of the D-ring fasteners on the coats. The collection comprises four Swiss-made models for men and women - quartz, a 40-hour power reserve automatic, automatic and chronograph watch. On the automatic watches, the transparent case allows you to see the intricacies of the movement.

Priced from $1,820 to $4,490 (Dh6,685 to Dh16,500).

The%20specs
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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

AIDA%20RETURNS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAida%20Abboud%2C%20Carol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5.%2F5%3C%2Fp%3E%0A
VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A

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.”

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

The five pillars of Islam
SQUADS

Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed

Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran

EA Sports FC 24
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)

 

 

 

 

 

UAE currency: the story behind the money in your pockets
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

UAE Premiership

Results

Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EMascotte%20Health%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EMiami%2C%20US%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Bora%20Hamamcioglu%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EOnline%20veterinary%20service%20provider%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%241.2%20million%20raised%20in%20seed%20funding%3C%2Fp%3E%0A
The specs: 2018 Jeep Compass

Price, base: Dh100,000 (estimate)

Engine: 2.4L four-cylinder

Transmission: Nine-speed automatic

Power: 184bhp at 6,400rpm

Torque: 237Nm at 3,900rpm

Fuel economy, combined: 9.4L / 100km