Gucci turns 100 years old this year. Legend has it that the Italian fashion house's founder Guccio Gucci was an ardent admirer of the leather travel bags he came in contact with when he was working as a bellhop at the Savoy hotel in London. When he returned to Florence, Guccio opened his own leather goods shop, specialising in bags as well as leather equestrian equipment.
On Thursday, Gucci's creative director Alessandro Michele paid homage to both the Savoy and the house's equine heritage, as well as celebrating Gucci's milestone birthday with a collection titled Aria.
Michele, who has come to be known for his eccentric aesthetic and unusual props also sent a rabbit down the runway.
“Gucci was born under some kind of constellation, because the power it holds is nearly inexplicable,’’ Michele said in a video press conference.
The show took place in a film-set version of at the Savoy, while its title Aria refers to Italy's famed lyric opera.
Models walked down long-corridor runways outfitted with hundreds of flashing cameras nailed to the wall in the place of absent paparazzi. A medley of Gucci-themed pop songs – proof, if needed, of the brand's enduring relevance – provided the soundtrack.
Michele also borrowed references from the Tom Ford era and from French sister-brand Balenciaga, which is part of the same parent company, Kering.
“Tom understood right from the beginning that Gucci had some kind of magnetism, this cult power,” Michele said.
Tom Ford’s 1996 red velvet suit was reworked to include a leather harness and worn over a powder blue shirt, while a glittery silver suit came out emblazoned with both Gucci and Balenciaga.
Michele also put a spin on Gucci’s trademark equestrian references, including riding caps, fringed leather riding crops and spit-polished boots mixed with glamorous sequined evening wear. Elsewhere, models sported jewellery dangling, in true Michele form, from their noses.
This was the first collection of 2021 for Gucci, which announced it will no longer follow the traditional fashion calendar and only present two collections a year, in the case of Aria in the form of a video presentation in a year when the pandemic has all but shut down in-person shows.
Reflecting on the century marker, Michele said Gucci's magic is its ability to redefine itself over time, unbeholden to any strictly defined image. “I am trying to renew for the millionth time this brand, this name, this myth, this saga, because Gucci is a complex container that holds many, many things."
With additional reporting from Associated Press
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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The years Ramadan fell in May
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
UAE currency: the story behind the money in your pockets
