Jean Paul Gaultier is returning to ready-to-wear fashion with a new collection set to debut on May 28. Getty Images for GQ Germany
Jean Paul Gaultier is returning to ready-to-wear fashion with a new collection set to debut on May 28. Getty Images for GQ Germany
Jean Paul Gaultier is returning to ready-to-wear fashion with a new collection set to debut on May 28. Getty Images for GQ Germany
Jean Paul Gaultier is returning to ready-to-wear fashion with a new collection set to debut on May 28. Getty Images for GQ Germany

Jean Paul Gaultier is returning to ready-to-wear fashion with new unisex, inclusive collection


Evelyn Lau
  • English
  • Arabic

Jean Paul Gaultier is returning to ready-to-wear fashion, six years after he stopped designing off-the-peg clothes to focus on haute couture, the house said on Wednesday.

The "enfant terrible" of French fashion bowed out after five decades in the business with a final Paris haute couture show 16 months ago.

The house still bears his name and is owned by Barcelona-based Puig and will work with rotating teams of young collaborators for new collections.

The first collection – which reinterprets his trademark striped sailor tops – will be available online at the end of the week.

US model Bella Hadid features in the collection's campaign, sporting the new "unisex, inclusive" look "that exudes sea air", the house said.

The creative team have "revived" Gaultier's ready-to-wear lines, it added.

Nicola Lecourt Mansion has created a black body mesh, strassed with stripes, while Spanish stylist Palomo Spain designed a floral corset.

German house Ottolinger has reworked the sailor shirt in a tight-fitting jumpsuit with distorted zebra stripes.

The conical bra made famous by Madonna has been reinterpreted by London Brazilian punk jewellery designer Alan Crocetti. Frenchman Marvin M'Toumo is in charge of the "shellfish and crustaceans" accessories.

The haute couture shows, also with guest stylists, will resume in Paris in July, a spokesman for the house told AFP.

The first guest designer for Gaultier's couture collection is Japan's Chitose Abe, of the Sacai brand.

The catwalk was supposed to have taken place last July, but was cancelled owing to the coronavirus pandemic.

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Company name: Nestrom

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FIGHT CARD

 

1.           Featherweight 66kg

Ben Lucas (AUS) v Ibrahim Kendil (EGY)

2.           Lightweight 70kg

Mohammed Kareem Aljnan (SYR) v Alphonse Besala (CMR)

3.           Welterweight 77kg

Marcos Costa (BRA) v Abdelhakim Wahid (MAR)

4.           Lightweight 70kg

Omar Ramadan (EGY) v Abdimitalipov Atabek (KGZ)

5.           Featherweight 66kg

Ahmed Al Darmaki (UAE) v Kagimu Kigga (UGA)

6.           Catchweight 85kg

Ibrahim El Sawi (EGY) v Iuri Fraga (BRA)

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Yousef Al Husani (UAE) v Mohamed Allam (EGY)

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Jaures Dea (CMR) v Andre Pinheiro (BRA)

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Tarek Suleiman (SYR) v Juscelino Ferreira (BRA)

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.