Lara Stone dons a Chanel bridal dress at the 2009/2010 autumn/winter collections in Paris last July.
Lara Stone dons a Chanel bridal dress at the 2009/2010 autumn/winter collections in Paris last July.

Return of the glamazons



The fashion industry is controlled by a handful of puppeteers. Karl Lagerfeld being one. This story begins in July 2009 when a model impressed the Chanel creative director so much he decided to resurrect the finale bridal stunt rarely seen on contemporary catwalks. Lara Stone made just one runway entrance. Stepping out of a glass-fronted lift - which appeared from nowhere - wearing a messy beehive hairdo and short, tight, 1950s tulle prom dress, she looked like a tearaway who had taken the wrong turn at the Las Vegas Little White Wedding Chapel.

Compared with the rest of the Eastern European models, she also looked as if she had eaten a few too many burgers on the way. "I wanted to put Lara out there," said Lagerfeld post-show. In fact the curvy, pouty half-Dutch, half-English 22-year-old was by this time already the muse of another major puppeteer, Carine Roitfeld, the editor of French Vogue. Cut to London Fashion Week seven months later. Hakaan, a less well known but well-connected Turkish designer, is making his debut and has pulled in a stellar front including Roitfeld, the photographers Mert & Marcus and Kate Moss - and a dream team backstage, too.

Edward Enninful, who has been responsible for creating most of the influential designer campaign images for the past decade (Armani, Gap, Jil Sander, H&M, Levi's) along with being the contributing fashion editor of Italian and American Vogue, styled the show. Russell Marsh, the legendary casting and show producer responsible for discovering Gemma Ward, Daria Werbowy, Sasha Pivarova, Natalia Vodianova and the influx of ethereal Eastern European beauties currently dominating the catwalks, hand-picked the models.

The production was by Gainsbury & Whiting, who do all the A-list international shows. And the star? You know what's coming next? Lara Stone, whose hourglass figure was further enhanced by the designer's semi-sheer net, close-fitting pelmet dresses. This time, however, Stone's figure didn't make her stand out at all. A few days earlier, Naomi Campbell had taken to the catwalk, starring in her own Fashion for Relief runway show to benefit earthquake recovery efforts in Haiti.

When pictures of Campbell were splashed over newspapers, the original glamazon exemplified a trend going on in fashion magazines and now, evidently, fashion shows. "We've possibly gone to the tipping point of unrealistic fashion and beauty looks," believes Karen Diamond, the director of Europe's leading model agency, the London-based Models 1, which represents many top international stars such as Linda Evangelista and Agyness Deyn.

"In the past the fashion industry was split in two so you got print and show girls. The latter were very tall, very thin mannequins. Then Versace put print girls on the catwalk with Naomi and Christy and Linda etc in the 1980s and the result was supermodels who became celebrities." "Then there was a backlash because models began to take over from clothes and designers, so designers have wanted uniformity and girls who were great clothes hangers. So there's been a move back to skinny girls.

"More recently Russian show girls, like Natasha Poly and Sasha Pivovarova in particular, began picking up the campaigns and Gisele and any model with a bust had to retire from the catwalk at the grand old age of 22." (Diamond points out that Gisele remains, of course, hugely successful and still ranks No 1 in the modelling super league). "However, because of the global downturn, fashion has had to get real. Real women look at Natasha Poly and think she's too thin. Also, designers are waking up to the fact that women aged 40 or older are the buying public. They aren't interested in seeing or buying clothes fit only for skinny child-women who are barely 15."

But now big changes are afoot. "Suddenly our top print girls are being booked for high-fashion shows," says Diamond. Rosie Huntington-Whiteley (one of the hottest editorial girls on the planet), whose womanly figure has won her a Victoria's Secret contract at 22 years old, is currently on option for the Prada show in Milan. This is unprecedented. Prada is a trendsetter, so this could have a huge impact.

It will also come as a relief to many people in and out of the fashion industry, particularly the model, Erin O'Connor and British Vogue's editor, Alexandra Shulman, who recently complained of having to retouch images of models, adding rather than slicing flesh off them in photos because they were too thin. "We are definitely seeing a change in the line in shows," says the renowned style and beauty journalist and Vogue contributing editor, Anna-Marie Solowij.

"Girls with Amazonian figures, womanly hips and a waist are being cast by top producers like Russell Marsh. These girls are less waiflike and seem taller - in general - although this could be the shoes, which are really high and clumpy, and they look better-fed! I've noted there seems to be a lot of food backstage and the girls have been tucking into sandwiches and cupcakes. "Lara Stone may look younger but is, in fact, 25, as many models in the top 10 are. Being 25, not 15, makes a difference to a woman's figure," points out Diamond.

The transition from skinny mannequin to more realistic womanly shape does not always run smoothly, as the Mark Fast show last week in London proves. He sent size-14 models down his runway but hadn't thought to alter the usual size 6 sample or get underwear that fitted. He now faces a backlash from the industry, even being accused of being a misogynist. "Models will still be very tall and very slim. That is what you have to be to be a fashion model," explains Diamond, "just as a runner has to be super-fit to win a race in the Olympics.

"I do believe designers have listened and seen the reaction to what four years of skinny clones has done to fashion. It's simply not good for business. Interestingly enough, out of all the models during that time the one who grabbed the attention of general public was Agyness Deyn because she stood out." "There is definitely a move away from the very, very slim waifs we were seeing two seasons ago," says the leading casting director, Rosie Vogel, a former bookings editor of British Vogue, who cast models for many leading shows in London including those of Meadham Kirchoff, Louise Gray, House of Holland, Louise Gray and Michael Van Der Ham.

"There's also a bit of diversity creeping in with girls like Lara and Daisy Lowe, but I would say, by and large, slim. For shows, you still need girls who can literally fit every look. It's just a question of practicality. There's a move to get girls who are seen to have a bit more character than the Russian models seemed to. "I'm casting some really amazing Asian girls at the moment. My favourites are Shu Pei (at Next Models) and Ming (at Elite). One of my favourite models is Lakshmi Melon, who used to but now doesn't even need to do the rounds of shows because she is so successful.

"I'm very conscious of using girls who appear too slim. I don't feel it's attractive to have jutting collarbones. I prefer them to have womanly figures. I also don't like girls looking too young." The size of fashion models will ultimately be dictated by fashion. Trends coming out of London were very much about contoured tailoring - although not quite the cling of bodycon, which required glamazon physiques, such as those of Cindy Crawford and Naomi Campbell.

It was refreshing to note at Richard Nicoll's show that models wearing corseted bodices under half a suit jacket actually had shapes. At Julien Macdonald, black lace bras were worked into tops and cocktail dresses, as they were at Antonio Berardi's show, which championed the return of the restrained hourglass silhouette. Another trend that surfaced, was a new long, but fitted floor-length style and plenty of layering.

"For the past few seasons models were required to have shoulders but not a lot else," believes Diamond. "I think since the Celine show last season there has been a clean utilitarian look to everything. There's also a lot of layering which might swamp anyone too thin," says the American designer wear buyer for Selfridges, London, Laura Larbalestier. Trends aside, will Milan and Paris continue to deliver the new model army?

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars

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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.”