Charlotte Tilbury is now an avatar. In April this year, the beauty mogul stepped into the metaverse, meaning wherever you are in the world, you can channel her expertise in a few clicks. By virtue of augmented reality, Tilbury appears in fairy-godmother-like fashion, inviting you into her digital world: the virtual reality Pillow Talk Party. In this beauty wonderland, you can shop, attend a masterclass and connect with like-minded cosmetics fans.
The British beauty brand isn’t the only one. Clinique launched its non-fungible token campaign, Metaverse More Like Us, this summer, in which three global content creators and make-up artists designed three looks — NFT Profile Pictures, or PFPs ― for customers to purchase for their avatars. MAC has long been utilising virtual try-ons or VTOs, while Byredo recently launched its first digital scent.
If you're feeling a little lost at this point, we don't blame you. You may live and breathe the latest eyeshadow palettes and skincare science, but keeping up with the technological advances in the (digital) world of beauty is a whole other story. So, what, as consumers, do we need to know?
The theory: what is the metaverse and how does beauty slot in?
When it comes to a definition, even the experts at the pulse of the technology can't agree on just the one. Louis Chen, chief strategy officer and senior vice president of Perfect Corp, an AI and AR beauty and fashion tech solutions provider, says: “There is not a single common definition of the metaverse at the moment. To us, it means a more immersive virtual experience further augmented by the ever-developing capabilities of AI solutions. This form of the new virtual reality unlocks a plethora of possibilities for brands to engage with their customers, removing many barriers associated with travelling to a physical space.”
Faced with a global pandemic but armed with this evolving technology, the beauty industry has been quick to jump on board. L’Oreal, for example, filed 17 metaverse-related trademarks this year.
The practical: virtual try-ons and digital diagnosis
For the day-to-day consumer, entering the metaverse will come from a much more practical sense. Brands have been experimenting with AR services for several years. While much of this took place in a brick-and-mortar store, the Covid-19 pandemic accelerated supply and demand.
Late last year, MAC launched a try-on service for one of its most popular products, Studio Fix Foundation. We know what you're thinking: selecting make-up is such a sensory experience and so hard to emulate online, but the response to the technology was overwhelmingly positive. Importantly, the AR tools proved effective.
You can also find your perfect hair shade from Schwarzkopf, use Clinique's diagnostic AR tools to shop for a custom-fit skincare regime, and try hundreds of nail polishes before you commit to Sally Hansen’s VTO service.
And the stats prove it’s a win-win: MAC reported a 200 per cent increase in engagement, while Sally Hansen's launch garnered a 110 per cent increase in conversion while customer exchanges and returns dropped, making a strong argument that the technology enhances customers’ shopping experience and satisfaction.
Not only is the use of AR and VR bringing the very sensory experience home (or anywhere) in a more authentic way, but it can also open previously shut doors for many consumers. Where a costly trip to a dermatologist might have been out of the question, a free skincare diagnosis using advances in technology no longer is.
The personal: avatars, NFTs and digital diversity
There is more to the beauty metaverse than enhancing experiences that ultimately end up as a projection in the real world. It's increasingly about how we identify online and how we craft an individual digital presence.
Brands are striving to offer personalised experiences and virtual products to enable consumers to build this — and beauty is just dipping its toes into the power and potential of this new reality.
“In the metaverse, consumers will want to use products to express their style and personality, so beauty brands will have to adapt further to meet this demand,” says Chen.
Yes, we're talking digital avatars — how we design them and how we adorn them. They may seem otherworldly to the uninitiated, but it can help to think of avatars as a natural evolution of the social media profile, a representation of yourself online that the beauty industry is helping to facilitate.
Chen explains part of Perfect Corps’s mission is to help brands with “creating digital versions of their physical products”, moving the beauty metaverse from simply an external glance at what a hold-in-your-hand product has to offer to something that solely exists in the digital world.
Think of the three make-up looks created by beauty gurus Emira D’Spain, Sheika Daley and Tess Daly for Clinique’s metaverse campaign created to encourage self-expression online. Find the look you like and purchase it as an NFT for your avatar to wear.
TikTok beauty creator and model D’Spain said of the project: “My big hope for the metaverse is to create a safe space that is welcoming to all types of people.” For an industry without the cleanest slate historically when it comes to diversity, the metaverse is a chance for beauty to try again, to create a place that truly is representative and allows people to feel seen.
This is nothing new for those immersed in the gaming world, which has intersected with luxury fashion in recent years, with brands such as Balenciaga, Louis Vuitton and Burberry designing “skins” (virtual clothing that can be purchased and downloaded to update a video game character's wardrobe) in collaboration with Fortnite and Mythical Games. The trend isn’t going anywhere, and the beauty industry is close on its tail.
The interpersonal: virtual reality, new worlds and open communities
Tilbury's Pillow Talk Party is only the tip of the iceberg. Perhaps what’s most exciting is what’s yet to come, the new worlds that brands will be building for us to step inside, learn about, interact with, shop in and possibly more: a place where all of this comes together.
As Chen puts it: “The metaverse is the next rung on this ladder, where AR and AI beauty and fashion technologies help customers enjoy unique experiences and experiment freely in an incredible virtual world.”
Nars drew on the power of Roblox — an online game platform and game creation system — to create a limited-time gaming experience that immersed users into its world, incentivising with challenges, earning badges and virtual beauty looks up for grabs.
Japanese beauty brand SK-II created a Sims-like virtual world for its followers to explore destinations, while also getting some BTS insight into the brand.
Like most game-changing innovations in the history of the World Wide Web, better connection is at the core. As beauty enters the metaverse, consumers will be able to form bonds with brands, products, personalities and fellow customers more intimately than ever. Right after picking the perfect lipstick shade for their avatar, that is.
Scroll through the gallery below to see the UAE's first metaverse wedding
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
England World Cup squad
Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood
Predictions
Predicted winners for final round of games before play-offs:
- Friday: Delhi v Chennai - Chennai
- Saturday: Rajasthan v Bangalore - Bangalore
- Saturday: Hyderabad v Kolkata - Hyderabad
- Sunday: Delhi v Mumbai - Mumbai
- Sunday - Chennai v Punjab - Chennai
Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore
SPEC%20SHEET
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Dubai World Cup factbox
Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)
Most wins by a jockey: Jerry Bailey(4)
Most wins by an owner: Godolphin(9)
Most wins by a horse: Godolphin’s Thunder Snow(2)
Squads
India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.
Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.
The%20specs
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COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
Fines for littering
In Dubai:
Dh200 for littering or spitting in the Dubai Metro
Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle.
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle
In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches
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
Race card
1.45pm: Maiden Dh75,000 1,200m.
2.15pm: Maiden Dh75,000 1,200m.
2.45pm: Handicap Dh95,000 1,200m.
3.15pm: Handicap Dh120,000 1,400m.
3.45pm: Handicap Dh80,000 1,400m.
4.15pm: Handicap Dh90,000 1,800m.
4.45pm: Handicap Dh80,000 1,950m.
The National selections:
1.45pm: Galaxy Road – So Hi Speed
2.15pm: Majestic Thunder – Daltrey
2.45pm: Call To War – Taamol
3.15pm: Eqtiraan - Bochart
3.45pm: Kidd Malibu – Initial
4.15pm: Arroway – Arch Gold
4.35pm: Compliance - Muqaatil
Stuck in a job without a pay rise? Here's what to do
Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.
“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”
Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.
Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.
“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”
For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.
“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”
The bio
His favourite book - 1984 by George Orwell
His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard
Favourite place to travel to - Peloponnese, Southern Greece
Favourite movie - The Last Emperor
Favourite personality from history - Alexander the Great
Role Model - My father, Yiannis Davos
Destroyer
Director: Karyn Kusama
Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan
Rating: 3/5
UAE release: January 31
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Dubai World Cup nominations
UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer
USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.
Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.
The Uefa Awards winners
Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)
Uefa Women's Player of the Year: Lucy Bronze (Lyon)
Best players of the 2018/19 Uefa Champions League
Goalkeeper: Alisson (Liverpool)
Defender: Virgil van Dijk (Liverpool)
Midfielder: Frenkie de Jong (Ajax)
Forward: Lionel Messi (Barcelona)
Uefa President's Award: Eric Cantona
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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.”