Deseo For Men is among the 16 fragrances Jennifer Lopez has launched.
Deseo For Men is among the 16 fragrances Jennifer Lopez has launched.

Heady world of celebrity fragrances



J Lo has 16, Halle Berry has three, Britney Spears has eight, Celine Dion has 14 and even Cliff Richard has two (called Devil Woman and Miss You Nights, natch). These days, if you're a celebrity without a fragrance to your name, or several, then you're simply not pushing your brand hard enough. The big news last week was that Lopez and Berry are going head to head with the release of their respective new scents at the same time this autumn - which could seem like an oversight when one considers they're both produced by the same fragrance giant, Coty.

The name of J Lo's might make you want to retch (Love and Glamour, really?) but just listen to its line of noted ingredients: mandarin, guava, nectarine, water lily, coconut orchid, orange blossom, jasmine, sandalwood, sensual musk and amber. What, they couldn't cram in any more? No burnt rubber? No chocolate? No hint of raspberry? And the bottle is apparently designed to look like a woman at a glamorous red carpet event. Of course it is.

Berry's, meanwhile, is called Reveal. In this little treasure, you'll find notes of her favourite flower, mimosa, together with peach, honeydew melon, red berries, iris blossom, vetiver, cashmere woods and skin musk. (What, please, is a cashmere wood? I would love to visit such a magical place and pluck pashminas off the trees?) Although it has run away with itself in recent years, the link between celebrities and fragrances isn't a novel one. In the 1930s, Schiaparelli created a bottle that emulated the figure of Mae West for a scent called Shocking. In the 1950s, Givenchy created L'Interdit for Audrey Hepburn. Chanel No. 5 has long been associated with Marilyn Monroe since she asserted that it was the only thing she wore in bed. And in the 1980s, Elizabeth Taylor lent herself to two fragrances: first Passion, later White Diamonds. You can't help but query whether the same people gainfully employed to write Hallmark cards peddle a sideline in perfume names.

It wasn't until 2002, however, and Coty's launch of J Lo's enormously successful debut fragrance Glow, that the market started mutating with so many celebrity names. Want to smell like Michael Jordan, Danielle Steele or Carmen Electra? Step right up, your wish is their command. Never before have department store shelves been been so saturated, so dripping, in celebrity fragrances all trying to overpower each other in the fight for your olfactory senses. And your cash. It's a multi-billion dollar industry, with celebrity scents gobbling up their share of the total fragrance market like Pac Man. J Lo fragrances alone are said to have generated sales of more than $1 billion (Dh3.7 billion) for Coty, who lead the market when it comes to such scents.

Recent debuts? Jennifer Aniston has entered the fray this month, with a plain-looking bottle called Lolavie launching exclusively in Harrods. She herself describes it as "a non-perfume perfume", and "floral, but not too flowery". The woman was wasted in Friends, clearly she should have gone into marketing. Also new this summer will be the Bruce Willis cologne, or as it is officially called Bruce Willis Eau de Parfum. Eau de Die Hard would maybe have more luck at encouraging tough guys everywhere to spritz themselves after a shave. Thirdly, Mary J Blige is elbowing her way in there next month too with My Life, which contains hints of gardenia petals, pear, white freesia, tuberose, blooming jasmine, gold lily, apricot flower, cashmere woods (ah, they they are again!), praline, sesame and incense. The question, of course, is whether or not the celebrities wear their fragrances themselves. Is a quick squirt for the photo-shoot and at the launch enough to do the trick? Or do Jessica Simpson, Joan Rivers, J Lo and co smell like "themselves" all the time? In the case of J Lo and other multiple fragrance purveyors, how do they decide which of the myriad different versions of themselves they are feeling each morning? Does it change throughout the day? Smells like an olfactory nightmare to us.

UAE-based players

Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim

Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Cryopreservation: A timeline
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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.”

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.