Marc Jacobs’ final collection for Louis Vuitton was indeed his swan song. All black and embellished with jet beading and feathers, the collection was full of mournful beauty. It wasn’t a summer collection, but a reprise of his past 16 years at the brand. The set showed the famous carousel, fountain and hotel lifts that set the scene in previous shows. The clothes featured tailored and sporty jackets sprouting feathers, anchored with delicate beaded bias-cut gowns, street-style or turn-up jeans and biker boots. It was a powerful and dramatic exit.
The speculation now is who will take his place and the leading contender is Nicolas Ghesquière, the former designer at Balenciaga. Despite this critical time for Vuitton, Paris was quite upbeat: Céline’s shirts and tunics daubed with flamboyant graffiti brush strokes; models wearing dresses painted like Pantone colour cards and carrying artist portfolio handbags at Chanel. Fashion as art has been a subtext through many shows in both Paris and Milan this season.
Phoebe Philo is shedding her minimalist aesthetic and shifting in a more artistic direction for Céline. Her collection – inspired by Brassai’s photographs of Parisian graffiti – presented daubs of primary colours slashed across a canvas of double-faced coats and sturdy knitted tunics worn with swishy gauze skirts.
After the cool streamlined glamour of previous seasons, Philo is embracing colour and a more decorative and (given the ethnic weave bags and accessories) tribal approach this season, and made it look supercool.
Paris likes to feel it is synonymous with fine art, and the current exhibition of Braque’s cubist work was clearly the starting point for Andrew Gn’s streamlined dresses. Karl Lagerfeld, however, felt Chanel’s house codes worthy of wall space themselves as a backdrop for his show. The house tweeds were shaggy and deconstructed, and came in pinks and inky hues, or melanges that covered a spectrum of colours. Signature handbags were occasionally mounted on frames, or rock festival-style backpacks were daubed with graffiti logos as Chanel embraces street fashion.
The Alexander McQueen show was similarly rooted in the art world, with the grid patterns of Mondrian and early 20th-century tribal art. Strong women are the essence of a McQueen look, however, and the intricate Masai-style beading and feathered dresses created by the designer Sarah Burton, merged with some of the harness details in the show, created a powerful image of warrior like females.
There was similarly a mood for African tribal embroideries, but in coral and turquoise on fringed ponchos, capes and panelled skirts at Valentino where the designers, Pierpaolo Piccioli and Maria Grazia Chiuri, were inspired by a visit to the Rome Opera workshops to create a collection that was much darker in tone than usual.
Art, tribal: the Paris fashion collections do not easily divide into obvious trends in the way that other cities do. There are lots of threads of ideas that may develop further or be one-season wonders, but there is a distinct feeling that embellishment and digital prints have had their day.
There is a intriguingly organic, grainy, earthy textured theme starting to emerge in fabrics, a sense of ethnic or tribal fashion filtering into collections such as Givenchy, Dries Van Noten, Vivienne Westwood, Akris – even Giambattista Valli who used prints resembling slices of agate and embroideries inspired by sheaves of wheat. However, there is also a contrary trend for designers to use shine, as if to make the lack of embellishment on clothes more palatable to those who like their outfits to look luxurious.
Shiny lamé ruffles appeared on the textured white cotton tunics and coats at Dries Van Noten, and shimmered their way through the entire Lanvin collection. Metallic lamés, satins and brocades (in more bright colours than you would spot in a disco) appeared on ruffled and drop-waist dresses and jumpsuits. To ground the look, the designer Alber Elbaz added sporty jackets and T-shirts emblazoned with witty slogans such as ‘’Dipped in Gold” and “Bright Spark”.
There was shine at Christian Dior as well, where Raf Simons celebrated his signature silhouettes with a series of silver dresses embroidered with flowers. Flowers are part of the Dior DNA, and Simons, another noted minimalist, has moved on this season working with vibrant floral prints as pleated shorts or as inserts on black jackets.
Flowers are also part of the Elie Saab look and decorated not just several pretty dresses in his collection but also as part of a temporary exhibition at the George V hotel, of his haute couture displayed with floral artworks.
artslife@thenational.ae
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
CHINESE GRAND PRIX STARTING GRID
1st row
Sebastian Vettel (Ferrari)
Kimi Raikkonen (Ferrari)
2nd row
Valtteri Bottas (Mercedes-GP)
Lewis Hamilton (Mercedes-GP)
3rd row
Max Verstappen (Red Bull Racing)
Daniel Ricciardo (Red Bull Racing)
4th row
Nico Hulkenberg (Renault)
Sergio Perez (Force India)
5th row
Carlos Sainz Jr (Renault)
Romain Grosjean (Haas)
6th row
Kevin Magnussen (Haas)
Esteban Ocon (Force India)
7th row
Fernando Alonso (McLaren)
Stoffel Vandoorne (McLaren)
8th row
Brendon Hartley (Toro Rosso)
Sergey Sirotkin (Williams)
9th row
Pierre Gasly (Toro Rosso)
Lance Stroll (Williams)
10th row
Charles Leclerc (Sauber)
arcus Ericsson (Sauber)
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The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
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.”