ISSUE 34 | JAN - FEB 2023 HELLO FREEDOM MIMOUN ASSRAOUI & DAVID REGUEIRO The Citizenship Experts
Described as “The next generation of marketing for luxury brands” by the British media, The Luxury Network is the world’s leading luxury affinity marketing group. The Luxury Network is a private membership club, established in luxury capitals or countries around the world, within which premium companies work closely together at senior director level for mutual business and client development.
The Luxury Network’s objective is simple: To facilitate co-operation and exciting new business development activities between top-end companies. New business partnerships are created via strategic alignment, joint collaborations, product placements, endorsements, media sharing, B2B and B2C networking, sales and luxury showcase events and numerous other affinity marketing activities.
A Message
Dear Valued Readers,
May this new year bring you much joy and fun. May you find peace, love, and success. Sending my heartiest new year wishes to all of our readers! We couldn’t have gotten through 2022 without our loyal members, partners, and sponsors, and I can’t wait to crush 2023 together.
Thankfully, our team kept the creativity and agility going, along with an enormous amount of energy in 2022 achieving great growth, compared to 2021.
Hence, one of the best years ever at TLN; signing and opening four new locations in India, South Africa, Egypt, and Jordan.
Bottom line, in 2022, we delivered 175 events globally through our offices -that signed up nearly 80 new members and sponsors.
My most heartfelt thanks go to our clients, members, partners, suppliers, supporters, the team, to all of you, our friends. You made me so happy and so proud.
I am also very proud that we have launched our TLN Coin on the Bitexen Global platform a centralized cryptocurrency exchange global leader, a step to explore the digital currency world and be involved in the digital currency evolution. We will be announcing many exciting initiatives to our client base in 2023.
From the TLN family to yours, I send you all nothing but the very best wishes. On behalf of my colleagues and every staff of TLN International, Happy Holidays!
Sincerely, Fares Ghattas
Global CEO, The Luxury Network International Editor-in-chief, The Luxury Network International Magazine
@theluxurynetwork
From The Editor @faresghattas
THE
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THE LUXURY NETWORK HOSTS
RED SEA INTERNATIONAL FILM FESTIVAL GALA DINNER
highlights ISSUE 34 | JanFeb 2023
12 The Luxury Network Academy: Affluence at your Fingertips 32 Maserati MC20, Race Across The Sky 72 Maldivian Resort LUX* South Ari Atoll Launches A Global Fashion Collaboration With Diarrablu 16 Uniting Grand Complications with the art of gemsetting 48 Alphonse Island, Seychelles transforms its Beach Suites into One-Bedroom Villas to mark the start of the 2022-2023 Season 60 Azimut’s New Magellano Flagship Puts the Romance into Travel
76 Balmain Partners with Pokémon for a Special, Limited-Edition Collection
92 Concepts 4 Automotive Design Joins The Luxury Network Jordan
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The Kilian Paris Masterclass - A Blend of Iconic Fragrances, Learning and Networking Experience
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The Grand Launch of the Second Planet Wine, “Uranus”, from ‘the Wines from another World’
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The Luxury Network UAE B2B Event on “a Montegrappa Sunset Yacht Cruise”
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China Division and Diageo Rare & Exceptional
Beyond Business
Introducing our latest Business experience, designed exclusively in collaboration with Giorgio Armani and Armani/Casa.
Taking inspiration from our home, every detail has been thoughtfully underpinned by our pride for Abu Dhabi and the Emirati hospitality we’ve become renowned for.
THE LUXURY NETWORK ACADEMY AFFLUENCE AT YOUR FINGERTIPS
The world’s leading luxury affinity marketing and business networking group; creating partnerships between the world’s most prestigious luxury brands, The Luxury Network International, has officially launched The Luxury Network Academy, an educational initiative for individuals who are keen on joining the growing community of the luxury industry.
The Luxury Network Academy was founded by the elite network’s Global CEO, Mr. Fares Ghattas. According to Mr. Ghattas, “Each individual who is willing to learn must have access to the rightful practices in the luxury sector. Our objective is to make the impossible possible for anyone with an internet connection, to be granted the opportunity to be skilled and to be able to learn from the greatest certified masters in the luxury industry.”
In times of downsizing, global unemployment, and never-ending quality pressures, the need for protecting high standards in marketing sectors is being compromised. Therefore, The Luxury Network International has launched a world-class learning website to bring professional training videos from iconic professionals who contributed
to putting standards in their field and entrepreneurship in all sectors.
The Luxury Network Academy seeks to conduct self-study training or teaching courses that will be promoted and conducted on the academy’s official website and promoted globally. The self-study courses will feature world-class iconic experts in various fields such as luxury selling, entrepreneurship, media, etiquette, fashion, brand management, travel, and many more.
“People learn easier by listening to inspiring success stories.”
Through rolling The Luxury Network Academy short training videos, young and expert professionals and entrepreneurs will be encouraged to learn more interesting and knowledgeable topics which are the results of the professional experiences of the speakers. These exclusive videos are promised to be impressive, informative, inspirational, and impactful.
Access to these videos may be purchased by the public including the network’s official members, global offices, and clients.
TLN.ACADEMY
Fares Ghattas
The Luxury Network Academy Founder & Global CEO
Bits of Glitz
UNITING GRAND COMPLICATIONS WITH THE ART OF GEMSETTING
Ever since its founding in 1839, Patek Philippe has always used gemsetting to adorn timepieces. Along with producing splendid jewelry watches for women, the manufacture makes a point of honoring the mechanical sophistication of the most complicated timepieces with Joaillerie and Haute Joaillerie versions.
And now four new models join these Grand Complications, their designs complemented by precious stones of the first water, cut and set with textbook precision, as stipulated by the Patek Philippe Seal.
Grandmaster Chime Haute Joaillerie
Presented as a limited edition for the manufacture’s 175th anniversary in 2014, the Grandmaster Chime reigns supreme as the most complicated Patek Philippe wristwatch in regular production with its 20 complications and five striking modes on three gongs.
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Now Patek Philippe pays tribute to the mechanical sophistication of this flagship model by bringing out two new Haute Joaillerie versions in white gold, endowed with the manually wound caliber 300 GS AL 36-750 QIS FUS IRM.
PERPETUAL CALENDAR CHRONOGRAPH
Since the launch of Reference 1518 in 1941, the perpetual calendar chronograph has claimed its place as one of Patek Philippe’s great classics.
In 2011, this timepiece sought after by collectors made news with the arrival of caliber CH 29-535 PS Q, designed and built entirely in the manufacture’s own workshops (Reference 5270). Today, two jewelry versions set with colored gems add their own luster to this refined mechanism.
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Bits of Glitz
ARNOLD & SON
NEBULA 41.5 GOLD & NEBULA 38 GOLD SUPERNOVÆ
Built like radiant stars, the Nebula are bursting with light. Created in two case dimensions, they introduce a new colour combination, alternating between grey NAC and 5N red gold, serving to further highlight the striking structure of their skeletonised calibre. The symmetrical elegance of the Nebula collection is entering a new orbit. Arnold & Son shines for its watchmaking skill, its attention to detail and its powerful designs.
Since its creation, Nebula has been a star. Its stellar mechanism, the A&S5201 calibre, is the gravitational force of this collection, giving it its appearance, identity and strength. Redesigned with a movement whose finishes are more advanced than ever, the Nebula collection continues its expansion.
VOLUME
The Nebula case is available in two diameters – 41.5 mm or 38 mm – and is remarkably slim, measuring just 8.73 mm thick. It is crafted from a block of 5N red gold for a limited edition of 88 pieces.
RELIEF
Arranged in a star around the edge of the calibre, the openworked, chamfered and satin-finished bridges create the impression of a watchmaking explosion, as well as a sense of rhythm and control. Positioned at regular intervals, these bridges are identical in shape but different in size and reflect the aesthetic heritage of John Arnold’s chronometers. They also illustrate Arnold & Son’s ‘Manufacture’ expertise.
LEVELS
In space, light never exists alone, but coexists with darkness. A watch inspired by the stars, Nebula thus naturally plays with chiaroscuro. It combines contrasting shades of gold and anthracite grey. The grey is created by a NAC treatment – a galvanic bath fed with metals close to platinum . When applied to
the skeletonised main plate, the barrels and the flange, Nebula highlights the relief of its A&S5201 movement. Its construction is clearly legible on various levels, with the bridges in the foreground, the gear train and barrels on the second level, and the main plate behind them.
GRAPHICS
Viewed from the back, the A&S5201 calibre takes on another dimension. Two large arcs, also treated with NAC, intersect to reveal a second graphic structure, that of the main plate. Highly openworked, it, too, is chamfered and its surface is covered with a signature Arnold & Son pattern known as ‘Rayons de la Gloire’.
MASTERY
Like all the movements used by Arnold & Son, the A&S5201 calibre has been entirely developed, manufactured, decorated, assembled, adjusted and casedup at the Manufacture in La Chaux-de-Fonds. This calibre draws on a pair of large barrels and an oscillating frequency of 3 Hz, which delivers a 90-hour power reserve. In addition, its depth of 4.18 mm is exceptional for a skeletonised movement, as these types of calibres usually retain a certain thickness in order to compensate for their openworked designs, which typically weaken their structures. Despite this, Arnold & Son’s long Manufacture experience has made it possible to imbue the Nebula’s mechanical latticework with extraordinary finesse.
Breitling unveils a trio of ultra-premium chronographs, featuring solid precious metals and an exceptional tourbillon. Each of the three watch variations is inspired by one of the Breitling founders.
Conceived while the world was still in the grip of the Second World War, the Premier collection was Willy Breitling’s antidote to austerity. It was a time when wristwatches were professional tools used by pilots, navigators and engineers. And no one understood that better than Willy, whose business was renowned for its high-precision chronographs.
But as a man of great personal style, Willy also sought to elevate the wristwatch to a thing of elegance that, like the glamorous black-and-white films of the day, conveyed optimism in spite of the turbulent times. His Premier line, launched in 1943, maintained all the function of his superb chronographs but enriched them with form.
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EXQUISITELY BREITLING: INTRODUCING THE PREMIER TOURBILLON
Now the luxury Swiss watchmaker demonstrates that spirit once again with the launch of the Premier B21 Chronograph Tourbillon 42. As challenging to execute as it is beautiful, a tourbillon complication is the centerpiece of a new trio of exceptional wristwatches.
“The Premier B21 Chronograph Tourbillon 42 is the perfect expression of Breitling’s design and expertise,” says CEO Georges Kern. “In the tourbillon, you see the mechanism living at every second. It is the beating heart of the watch.”
Purpose with style
A tourbillon houses the balance wheel, balance spring and escapement in a rotating cage, setting the entire assembly in perpetual motion. This action corrects for – and effectively cancels – the pull of gravity, which affects a watch’s accuracy differently in different positions.
Breitling worked hand-in-hand with the specialty movement maker Manufacture La Joux-Perret to develop the B21 movement that takes the uncommon step of combining a tourbillon with a chronograph to make this trio of watches so distinctly Breitling.
Precious metals and a domed open caseback characterize the Premier B21 Chronograph Tourbillon 42. It
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Bits of Glitz
comes in three variations, each named for one of the Breitling founding fathers. The Léon Breitling features a solid 18 k red gold case with a silver dial and brown, semi-shiny alligator strap. The Gaston Breitling pairs a solid 18 k white gold case with an anthracite dial and black alligator strap. The Willy Breitling, meanwhile, is a vision in solid platinum with an admiral-blue dial and black alligator strap. Each watch features the stylized square pushers and Arabic numerals that are hallmarks of the Premier line.
Their symmetrical dial design, harmonious interplay of numerals and tone-on-tone colorways perfectly balance the undisputed star of the show – the tourbillon – that takes center stage at 12 o’clock. The open sapphire crystal caseback is domed to allow for full appreciation of the B21 movement, where the oscillating weight and reverse side of the tourbillon appear in contrasting 18 k gold.
these watches. Léon is the craftsman, whose work set a new standard for precision. Gaston is the innovator, whose design became what we know as the modern chronograph. And Willy is the man of impeccable taste, who ushered the wristwatch from purpose to style.
The Premier B21 Chronograph Tourbillon 42 is for people who love the mechanics – and magic – of watchmaking. Combining the height of Breitling’s savoir-faire, innovation and style, this timepiece trio dedicated to our founders is one that would have made them proud.
The release of the Premier B21 Chronograph Tourbillon 42 marks the return of the Founders Squad, made up of Léon, Gaston and Willy Breitling, who come to life in the Premier Tourbillon’s new campaign.
The three generations left their legacy on the brand and their imprint can still be felt in every aspect of
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Return of the Founders Squad
Let the journey inspire you. The new Bentayga Extended Wheelbase Azure. Discover new levels of comfort, space and luxury at BentleyMotors.com/BentaygaEWB/ME The name ‘Bentley’ and the ‘B’ in wings device are registered trademarks. © 2022 Bentley Motors Limited. Model shown: Bentayga Extended Wheelbase Azure.
BENTLEY QATAR
296 GTB: DEFINING FUN TO DRIVE
• Unveiled today the 296 GTB, Ferrari’s new mid-rear-engined berlinetta sports car
• New Ferrari V6 hybrid architecture capable of delivering up to 830 cv
• The 296 GTB’s plug-in hybrid system maximises usability and driving pleasure
• The 296 GTB is also available with the extreme high-performance Assetto Fiorano package
The 296 GTB, the latest evolution of Maranello’s mid-rearengined two-seater berlinetta, was premiered today during an online event broadcast on Ferrari’s social media and web channels. The 296 GTB redefines the whole concept of fun behind the wheel, guaranteeing pure emotions not just when pushing the car to its limits, but also in day-to-day driving situations.
The 296 GTB ushers in an authentic revolution for Ferrari as it introduces a new engine type to flank the marque’s multi-award-winning 8- and 12-cylinder power units: a new 663 cv 120° V6 coupled with an electric motor capable of delivering a further 122 kW (167 cv). This is the first 6-cylinder engine installed on a road car sporting the Prancing Horse badge: it unleashes its massive 830 cv total power output to deliver previously unthinkable
performance levels and an innovative, exhilarating and unique soundtrack.
The car’s name, which combines its total displacement (2.992 l) and number of cylinders with the GTB (Gran Turismo Berlinetta) acronym, in finest Ferrari tradition, was chosen to underscore this new engine’s epoch-changing importance to Maranello: it is not simply the living, beating heart of the 296 GTB
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Need for Speed
but also ushers in a new V6 era that has its roots deep in Ferrari’s unparalleled 70-year-plus experience in motor sports.
The very first Ferrari V6, in fact, featured a 65° architecture and debuted on the 1957 1500 cc Dino 156 F2 single-seater. This was followed in 1958 by bigger displacement versions on the front-engined sport prototypes - the 196 S and 296 S - and F1 cars, such as the 246 F1 which powered Mike Hawthorn to the F1 Drivers’ Championship title the same year.
The very first Ferrari to sport a midrear-mounted V6 was the 246 SP in 1961, which won amongst others the Targa Florio both that same year and in 1962. Also in 1961, Ferrari secured its first Constructors’ title in the Formula 1 World Championship with the 156 F1, which was powered by a 120° V6. Ferrari first installed turbos between an engine’s cylinder banks on the 126 CK in 1981 and subsequently on the 126 C2 in 1982, which became the first turbo-charged car to win the Formula 1 Constructors’ World Championship
title. This was followed up with a second title in 1983 with the 126 C3. Lastly, V6 turbo hybrid architecture has been used on all Formula 1 single-seaters since 2014.
The 296 GTB’s plug-in hybrid (PHEV) system guarantees it is an
incredibly usable car as well as cutting pedal response times to zero and delivering a 25km range in all-electric eDrive mode. The car’s compact dimensions and the introduction of innovative dynamic control systems as well as meticulously honed aero ensure that the driver will instantly experience its astonishing agility and responsiveness to commands. Its sporty, sinuous design and extremely compact dimensions also visually underscore its exceptional modernity, brilliantly referencing the likes of the 1963 250 LM, the perfect marriage of simplicity and functionality.
As was the case with the SF90 Stradale, for clients who want to exploit the car’s extreme power and performance to the utmost, particularly on the track, the 296 GTB is also available with the Assetto Fiorano package, which includes lightweight features and aero modifications.
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THE ULTIMATE COLLECTIBLE: MERCEDES-MAYBACH RELEASES THE LIMITED-EDITION SERIES HAUTE VOITURE
• Built using finest materials with the most craftsmanship and perfectly showcasing Mercedes-Maybach’s aura, the S-Class Haute Voiture is an evolution of the concept model of the same name presented in May.
• The Haute Couture-inspired model is available in a strictly limited edition of 150 units.
• A bag collection will accompany the series car, retailing early 2023 at Maybach Icons of Luxury physical and online stores.
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The limited edition series Mercedes-Maybach S-Class Haute Voiture is a collectible piece designed for select occasions. Merging the aesthetics presented earlier this year, but now with new meticulous design details that elevate the customer experience. Mercedes-Maybach presented the new model for the first time during an event in Dubai on December 12, 2022. The vehicle was revealed following a curated fashion show by local couture, Atelier Zuhra, by Omani designer, Rayan Al Sulaimani. In attendance were VIP guests, media and influencers.
“The intricate features and exclusive design elements are what makes the Mercedes-Maybach S-Class Haute Voiture one of the most extravagant models we ever created – it represents Sophisticated Luxury in its purest form. Our customers have access to the most aspirational lifestyle, so we wanted to reflect this through creating something utterly desirable and using components never before seen on a Mercedes-Maybach.”
Gorden Wagener, Chief Design Officer Mercedes-Benz Group AG
“The Mercedes-Maybach S-Class Haute Voiture heralds a new chapter of high exclusivity for the brand. With a restricted limited run of 150 units, the special edition reflects our brand philosophy to occasionally release aspirational collectibles. Thus, we further strengthen the position of Maybach as the ultimate luxury pioneer and facilitate one-of-akind luxury experiences that go beyond our customers’ expectations.”
Daniel Lescow, Head of Mercedes-Maybach at Mercedes-Benz Group AG
The combination of utmost craftsmanship, high-quality materials and exquisite details create a new level of exclusivity that is evocative of a drivable art piece. Created by Mercedes-Benz’ most specialised customization and craftmanship team in the Manufaktur in Sindelfingen. Each vehicle will feature a badge in the centre console outlining its number within the unique run of 150.
Need for Speed
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A Mercedes-Maybach S-Class S 680 (WLTP combined fuel consumption: 14.3 13.4 l/100 km | combined CO₂ emissions: 326 304 g/km) , the limited special edition facilitates a full sensory experience and showcases a supreme elegance that is reflective of the brand’s Sophisticated Luxury ethos.
Tailor-made design inspired by Haute Couture
In line with the Concept Haute Voiture, the series car exterior is characterised by an exclusive two-tone paint finish: a combination of metallic nautical blue on top, with a light shimmering rose tone in the lower section and nautical blue metallic rims. An additional highlight now includes surround lighting with animated projection: When the doors are opened, animated Mercedes-Benz or Mercedes-Maybach patterns using LCD technology light up and elegantly illuminate both the front and rear entry areas.
The exterior is effortlessly translated into the inside of the vehicle through the extended use of deep-sea blue and rose gold tones, with additional crystal and glossy opal white features. The interior showcases the most exquisite attention to detail, perfectly underlining its Haute Couture inspiration. A high-quality fashion-inspired bouclé fabric
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Need for Speed
remains a constant throughout the model, in blue, beige, rose gold and gold shades, with additional intricate details featured within the seat covers and cushions. Highlights of crystal white leather embrace the passengers throughout the consoles, doors and scatter cushions. The floormats are made of linen and mohair. Rose gold coloured champagne flutes seamlessly integrate the display in the spacious rear alongside an Haute Voiture badge in the door panel. Also original to the series car is the blue tone leather piping within the consoles.
MBUX visualises the feeling of catwalk glamour
The MBUX infotainment system picks up on the splendid exclusivity of the interior. Sparkling glitter clouds and a variety of accents in shimmering rose gold emphasize the catwalk atmosphere. In the profile selection menu, the driver is greeted with a magnolia blossom and sparkling particles. Twelve different avatars are adorned with fine accessories and elegantly dressed, for example in a dinner jacket, tailcoat or evening gown.
To complete the Maybach experience, the S-Class Haute Voiture will be accompanied by a hand-made giftbox featuring its badge number, alongside a scaled model and key ring. In addition, a special car cover featuring the Maybach and Haute Voiture logo will be gifted to customers.
Exclusive bag collection inspired by Mercedes-Maybach Haute Voiture
A bag collection will accompany the series car, retailing early 2023 at Maybach Icons of Luxury physical and online stores. Available in different styles and sizes in a limited run, items will be comprised of select materials featured in the vehicle interior, combining Haute Couture extravagance with detailed craftsmanship.
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Need for Speed
MASERATI MC20, RACE ACROSS THE SKY
The new Maserati MC20 received the prize for “Best of the Best” at the Red Dot Awards 2021 in the Product Design category and The Luxury Network UAE was privileged to attend this exclusive experience organized by Maserati. A three-day supercar test drive event from November 17th to November 19th at the Nikki Beach Resort & Spa and at the House of Maserati in Dubai. The guests truly enjoyed this masterpiece.
The Red Dot Awards is an international design competition run by Design Zentrum Nordrhein Westfalen in Germany, which has been assessing and selecting the most aesthetically exciting, functional, intelligent, innovative products from all over the world since 1955.
Every year, this prestigious competition rewards excellence in the field of product and brand design and communication at the global level, with criteria constantly updated to the socio-cultural context. A jury of
50 international experts chooses products in almost fifty different categories, from fashion to accessories and from furnishings to vehicles.
Maserati CEO Davide Grasso stated: “Our mission was to develop a car that would be remembered in the future as the model that launched the Maserati New Era. And I think we’ve achieved our goal with MC20. Maserati is innovative by nature, powered by passion and unique by design: the new super sports car embodies all these values and is a watershed, the founding model of this new phase in the Brand’s history.”
Klaus Busse, Head of Maserati Design, added: “We are honored to receive this coveted accolade, which recognizes the work of an entire team who have worked hard on this unique project, creating a car that opens a new chapter in Maserati’s history.”
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MC20, designed by the Centro Stile Maserati in Turin, is a mix of elegance and sporting prowess, a genuine masterpiece of style, which inaugurates a new Era for the Trident Brand.
The focus on performance led to the conception of a car with a distinct personality, with refined aerodynamics and unmistakable lines that render it unique. The new super sports car represents the pure form of speed, with Maserati style: a work of sculptural engineering, showing the way to the Brand’s aesthetic future.
MC20 is innovative by nature, and every design detail is functional: the butterfly doors are not only stunningly beautiful, but they also improve the car’s ergonomics and enable optimal access to and from the cabin.
Developed by the Maserati Innovation Lab and built at the historic Modena plant, Maserati MC20 is genuinely an all-Italian car.
A car whose superb looks conceal an uncompromisingly sporty soul, with the new 630 hp V6 Nettuno engine that delivers 0 to 100 km/h acceleration in under 2.88 seconds and a top speed over 325 km an hour. The patented engine was conceived, developed, designed and built entirely by Maserati, and uses a pre-chamber combustion technology derived from Formula 1 engines.
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RIF Trust Reinforces Its Global Presence with the Launch of its 22nd Office – Now in Cairo, Egypt
RIF Trust and Latitude Group, the world’s leading government-authorized Residency and Citizenship by Investment firm, hosted a star-studded event to celebrate the launch of its operations in Egypt. The prestigious Gala Dinner was attended by prominent business leaders, key media representatives, and socially renowned figures including Hisham Ashour, Razan Maghrabi, Khaled Eleish, and Merihan Amr as well as famous Influencers such as Alicia Innacone, Mahmoud Elsisi, Mohamed Zowail, Mo Elsherif and Dala Mohandes. The speeches given at the event shed light on the opportunities the industry helps create for sustainable economic growth on a global scale.
With its headquarters in Dubai, RIF Trust was founded with the aim to provide investors and business people with the freedom of mobility and visa-free travel needed to expand their business on a larger, global scale through Residency and Citizenship by Investment. Being a governmentadvisory firm, RIF Trust has succeeded in strengthening its position in the market and expanded with more than 22 offices around the world offering over 20 programs to serve global business-people and investors.
Having a thorough understanding of the current global market, its needs, and the fast pace of business operations, RIF Trust has decided to expand its presence in the North African market to offer the freedom of visa-free travel that will facilitate access for entrepreneurs and businesspeople who aim to expand their business across different continents around the globe. RIF Trust also has an office in Lagos, Nigeria catering to the West Africa region. RIF Trust’s launch in Egypt will enable residents of North Africa or Egyptians living abroad to diversify their investment portfolios.
“We are confident and fully trust our decision to start operating in Egypt given its political stability, proximity to Europe, as well as its growing exports. As a government-approved firm, we have helped many people grow their investments and conduct their business with the freedom that our diverse programs offer. We are optimistic about our presence in the expansive market of Egypt which holds several opportunities in the field of Residency and Citizenship by Investment. The programs we offer will help many Egyptian investors broaden their business horizons with more ease of access to several countries. We dedicate our efforts to opening more channels that can contribute to the growth of economies in the MENA region.” said Mimoun A. Assraoui CEO of RIF Trust & Vice Chairman of Latitude Group.
“RIF Trust has succeeded in assisting over 4,500 individuals and families in securing visa-free travel to over 140 countries. This investment model has proven successful in the various countries in which we operate, and we believe that we will achieve the same in Egypt. The growing presence of global companies here in Egypt demonstrates its capacity to attract more companies and new types of investments. Launching our operations here in Egypt is intended to raise awareness about Residency and Citizenship being a unique investment model. Having a diverse investment portfolio is no longer a luxury but rather a necessity to explore and access more growth opportunities around the world” said Mohamed Hegazy, Managing Director of the RIF Trust Egypt branch.
With over 100 years of combined experience in the Residency and Citizenship by Investment industry, RIF Trust and Latitude Group has succeeded in enabling its clients to grow their investments by providing them with freedom of movement as well as improving their life prospects. RIF Trust endeavors to provide the premium service and dedication that the firm is globally known for. For more information, visit hellotofreedom.com.
EXCLUSIVE OFFER 50% DISCOUNT ON PROFESSIONAL FEES UNTIL 28TH FEBRUARY 2023 TO CELEBRATE THE OPENING OF RIF TRUST’S 22ND GLOBAL OFFICE - NOW IN CAIRO, EGYPT GET YOUR SECOND PASSPORT OR EUROPEAN GOLDEN VISA FROM ONE OF THE LEADING GLOBAL RESIDENCY AND CITIZENSHIP BY INVESTMENT FIRMS hellotofreedom.com HELLO TO FREEDOM WITH RIF TRUST Say SECOND CITIZENSHIP AND PASSPORT STARTING PRICE $100,000 USD Investors can apply for full-time citizenship in a number of beautiful and financially secure countries including Grenada, Dominica, Antigua & Barbuda, St Kitts & Nevis and St. Lucia. With a second passport, you can travel visa-free to over 140 countries. There is no requirement to leave your home country to receive a second passport or citizenship. EUROPEAN GOLDEN VISA/ PERMANENT RESIDENCY STARTING PRICE €280,000 EURO Investors can legally obtain a visa and live in a desired host country, without having full-time citizenship status. As a permanent resident, you and your family will be granted access to live, work and be educated in the host country, allowing you to provide a secure future for your family.
BRIDGE TO A NEW WORLD
MIMOUN A. ASSRAOUI CEO OF RIF TRUST AND VICE-CHAIRMAN OF LATITUDE
Who does RIF Trust work with and what is its objective?
RIF Trust’s objective is to be the largest Residency and Citizenship by Investment advisory firm in the world, having already become the largest provider in the Middle East and Africa. RIF Trust is a government-approved agent, and we are a proud member of the Investment Migration Council (IMC), which is the regulatory body for the investment migration industry. RIF Trust is the Regional Representative Office for the IMC in both the Middle East and the Caribbean. Our private client team works closely with High-Net-Worth-Individuals and their families to obtain their ideal second citizenship or European residency, while our government advisory team works closely with governments from around the world to either build or improve their Citizenship or Residency by Investment Programmes.
“Obtaining Residency or Citizenship by Investment” Please tell us where did this brilliant idea came from and what was the inspiration behind it?
The idea of obtaining a second residency or citizenship through investment has been around for almost 40 years. In 1984, St Kitts and Nevis launched the first Citizenship by Investment Programme and in 1986 the first Residency by Investment Programme started in Canada called the Canadian Immigrant Investor Programme. Over the last decade the industry has grown significantly from $2.9 billion in 2011 to $21.4 billion in 2022.
When did the business start and who are the people responsible for the success of the company?
Coming from an immigrant background having been born in Morocco, raised in France and have proudly lived in the UAE for 19 years and now a proud citizen of St Lucia, I have always valued freedom above all else and felt it is a human right to be able to travel freely without boundaries.
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While working in Dubai as a banker, I anticipated a growing demand amongst High-NetWorth Individuals and investors in the Middle East and Africa seeking second citizenship or residency. In 2013, I founded RIF Trust to address this demand for Citizenship and Residency by Investment solutions and dedicated my time and effort to become a specialist in this booming industry. When RIF Trust was first formed, my mission was focused locally on combining my passion for banking with immigration to educate UAE residents about the benefits of investment migration, which was an unknown niche industry at the time. Through hard work and perseverance, the company was built from two people in the UAE to the largest global investment migration advisory in the Middle East and Africa with over 90 staff worldwide spread over 20 countries including in the USA, UK, and UAE.
Why do you think having another residency or citizenship from a different country is important and who would benefit from it today?
Our clients are honest and hardworking people and families from countries, who unfortunately have a “weaker passport” and can benefit from a second residency or citizenship that allows them to travel visa-free around the world, access to the top schools
and universities abroad for their children, and the ability to expand their businesses in Europe and the Caribbean.
Everyone can benefit from second passport or residency. We work with a range of clients from different nationalities such as Syrians, Yemeni, Lebanese, Iranians, Iraqi, South Africans, Nigerians, and even Americans who are all looking for alternative citizenship and residency options. The basic requirement is either the investment or donation into their new host country which starts from $100,000.
How does The Latitude Group support RIF Trust?
In 2018, the RIF Trust merged with the Latitude Group. Following our merger, we are guided by a diverse board of directors who are all pioneers in the investment migration industry with a combined 100 years of experience in both building and offering citizenship and residency by investment programmes.
I am proud to say that we have more collective investment migration experience in our company than any other company in the entire world. Moreover, this merger further extended our reach into North America, South America, Europe and Asia.
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Follow the Leader
RIF Trust currently is found in 22 locations globally. What is your vision for the company and of the world, 5 years from now?
We will continue to grow and expand our operations into new countries over the next 5 years with an aim to become the largest Residency and Citizenship by Investment advisory firm in the world. The demand for our services continues to grow each year and I don’t see this slowing down anytime soon.
DAVID REGUEIRO GROUP COO
In which part of the world would you like to expand the business of RIF Trust in the coming years and why?
I would like to further expand our business throughout Africa and Asia. We had successfully launched offices in Hong Kong in 2019 and Lagos in 2021 and there are still so many countries that would benefit from our second citizenship and residency solutions.
When do you think is the best time to invest and why?
Now is the best time to invest in a second citizenship or residency. It’s the best modern day
insurance policy. You hope you’ll never need it, but you’ll be glad you have it when you do!
Most of my clients say that they wished they invested in their second citizenship or residency sooner, especially with processing times starting to become longer each year due to increasing demand for our most popular programmes.
How do you deal with clients who have difficult statuses?
As a professional services firm, we perform the highest level of due diligence on all our potential clients to determine if they are a suitable candidate for our citizenship or residency programmes. We will do our best to ensure we can give them all the best possible options; however, we will notify a client early in the process if they are not an eligible candidate to save them both time and money.
In a few words, describe how investing in citizenship and residency can change or shape an individual’s future?
At RIF Trust, we want to assist our clients to enhance their S.M.I.L.E., which stands for Safety & Security, Mobility, Investment Opportunities, Lifestyle, and Education & Employment, through investing in a second citizenship or residency.
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Interview conducted by Garz Bumanlag
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1. ONE&ONLY CAPE TOWN’S TABLE MOUNTAIN SUITE
Located atop the One&Only Cape Town’s famous Marina Rise, the Table Mountain Suite embodies luxury living. Framed by the towering natural wonder of Table Mountain, One&Only Cape Town is a tranquil enclave surrounded by mesmerising waterways and a traditional harbour, moments from the vibrant Victoria & Alfred Waterfront. Offering world-class facilities and amenities, this signature suite has been thoughtfully designed to anticipate anything one may need with a feeling of ease and a front-row seat at one of the best addresses in the country.
Arguably one of the most beautiful suites in the country, the Table Mountain Suite is an incredible amalgamation of design, nature, and luxury boasting panoramic views of the majestic famous mountain. On arrival, guests will feel welcomed by a uniquely designed space of entertainment that touches on the
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free-flowing dining and bar areas with nuances of natural tones dotted throughout the suite. The living room offers both a space of entertainment and privacy, with warm lighting and neutral tones interspersed with rich, natural materials and hints of colour to create a space bold in design elements, yet undeniably calm in the overall aesthetic.
A modern, earthy-palette kitchen awaits, complete with a discreet butler’s entrance and scullery, while the master bedroom is filled with natural light and elegance throughout. Ideal for GCC travellers looking for an exclusive escape, take advantage of a private gym featuring a mirrored interior furnish and the latest of TechnoGym equipment, packed with any amenities that they may need to enjoy their workout. Undeniably exquisite, One&Only Cape Town’s signature suite exemplifies every conceivable luxury.
For more information please visit: www.oneandonlyresorts.com
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The Chedi Katara Hotel & Resort sets an entirely new bar for luxury boutique hospitality in Qatar. Located in the heart of Katara Cultural Village, a 30-minute drive from Hamad International Airport, the newly opened hotel and resort mirrors the dynamic aspirations of this captivating country while honouring its storied history as a cultural crossroad.
A veritable private residence, the Katara Suite offers mesmerising views of the Arabian Gulf from the suite’s private balcony while the interiors encourage the ultimate indulgence of peaceful relaxation. The generous living area and separate bedroom showcase sumptuous textiles and refined design details inspired by the Mughal and Ottoman empires, complimented by modern-day luxuries including an in-room Nespresso coffee machine, state-of the-art sound bar and music system.
Additionally, exclusive access to The Chedi Club Lounge offers guests exceptional benefits throughout their stay including a daily breakfast buffet at The Restaurant, afternoon tea served in The Club Lounge, complimentary use of the board meeting room and daily laundry services. From the intimacy and privacy
to the artistic sense and lavish interiors, the intricate design of The Chedi Katara ensures this modern-day palace offers the guests an unrivalled experience and a memorable stay.
For more information please visit: www.ghmhotels.com
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2. THE CHEDI KATARA’S ARABIAN GULF VIEW SUITES
Connected to The Avenues, the country’s largest retail, entertainment and lifestyle destination, the ultra-luxury Waldorf Astoria Kuwait is excited to welcome GCC travellers. When staying at the property, guests can
treat themselves to an impressive array of shops, restaurants and entertainment options, Waldorf Astoria Kuwait is an unrivalled destination for prestige and luxury. Just 11km and a 15-minute drive from Kuwait International Airport, the property’s prime location offers guests convenient access to beloved local attractions such as the Kuwait Opera House, Sheikh Jaber Al-Ahmad Cultural Centre, and the Grand Mosque.
Sleeping up to four guests, the Presidential Suite boasts panoramic views high above the city, two spacious king-size bedrooms, two bathrooms and a large living and dining area. Guests will feel at home with a fully equipped state-of-the-art kitchen featuring an espresso machine, microwave, oven, stovetop, and dishwasher perfect for entertaining and hosting loved ones. Those travelling for business can catch up with work at the in-room office area, or retreat to the Ikaros Club where they can enjoy breakfast, snacks and drinks with access to high-speed internet, the library, business centre and a private meeting room.
Alternatively, guests can relax and unwind in the spacious bathtub before settling in to enjoy a movie on
one of the three HDTVs found throughout the suite. From the signature Waldorf Astoria Spa, a Technogym-equipped fitness centre and the family-friendly Waldorf Astoria Kids’ Club, to an eclectic array of firstclass restaurants such as Mediterranean restaurant, AVA, and Roka, award-winning Japanese Robatayaki, Waldorf Astoria Kuwait offers an incredible, tailored exclusive experience to guests of all ages and interests.
For more information please visit: www.hilton.com
3. WALDORF ASTORIA KUWAIT’S PRESIDENTIAL SUITE
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4. THE BILTMORE MAYFAIR’S SIGNATURE ROOSEVELT OR LORD HARROWBY SUITE
With stunning views of London’s iconic skyline, The Biltmore Mayfair is reminiscent of a private London residence, boasting exemplary contemporary luxury throughout the property. The beautifully curated suites offer a truly luxurious experience with distinctive character and unmatched service, ensuring a truly memorable stay at The Ultimate London Address.
The perfect base to explore the best shopping London has to offer, The Biltmore Mayfair is located within walking distance of London’s famous Oxford Street. With the iconic Harrods, and the luxurious Bond Street on the doorstep of the property, GCC travellers can immerse themselves in the best of British shopping culture.
The luxurious Signature Suites are the ideal retreat for families looking to travel in larger groups during their break, each sleeping up to five guests. With two spacious bedrooms and the option to add a third, The Roosevelt Suite features a luxurious living and dining area with a private kitchen offering the perfect home away from home. Furthermore, the two-bedroom Lord Harrowby Suite boasts spacious living areas with picturesque views of Grosvenor Square, in addition to a freestanding tub and walk-in showers, creating an idyllic sanctuary to relax at the end of a busy day of exploring the city.
For more information please visit: www.hilton.com
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Alphonse Island has renovated its existing Beach Suites and has transformed them into one-bedroomed Beach Villas! Nestled amongst tropical vegetation and just steps away from the white sandy beach, the five Beach Villas at Alphonse Island are extremely spacious and private, with a large lounge area, and additional bathroom, all decorated in a palette of colours that complement the natural surroundings: hues of blues, soft greens, and natural shades. The new one-bedroom Beach Villas reflect the style of the island. They are comfortable and secluded and situated in one of the most remote destinations in the world. Total relaxation in barefoot luxury!
Perfect for connecting with your partner in utter peace and tranquillity the new one-bedroom villas offer a luscious interior and exterior landscape to enjoy
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ALPHONSE ISLAND, SEYCHELLES TRANSFORMS ITS BEACH SUITES INTO ONE-BEDROOM VILLAS TO MARK THE START OF THE 2022-2023 SEASON Destination Unlocked
each other in a glorious setting. An outdoor shower and infinity pool combined with deep, palm-leaf-style thatched roofs create a carefully crafted local creole approach to laidback luxury. Incorporating local materials, the one-bedroom Beach Villas have a sophisticated attitude to a 21st-century island lifestyle.
Overlooking the sparkling waves of the blue ocean is a private terrace complete with sun loungers and a patio table for a glass of white or a cocktail in hand while enjoying one of the best views in the world. Spaced for privacy, and air-conditioned for comfort, the new one-bedroom villas are a refuge for guests who want an unspoiled island experience, in the stunning surroundings of a very special place. Memories are made of this!
“Elevating our accommodation experience is key. At Blue Safari Seychelles we have always been innovators and not imitators. The new one-bedroom Beach Villas will further enhance our guest offering and being ecologically friendly we have made the conscious decision to renovate, as this is in line with our ecological ethos.”
Comments Keith Rose-Innes, Director of Blue Safari Seychelles.
The Alphonse group of atolls in the very heart of the Indian Ocean, part of the Outer Islands of the
Seychelles, is regarded as one of the last Edens of the world, a nature lover’s paradise. Unimaginably white beaches lie at the edge of dense natural forest, threaded with the remains of old coconut groves. Ancient tortoises amble around, crabs scurry past and tropical birds brighten up the blue sky. Untouched nature and one of the prime protected ocean fisheries on earth lie waiting to greet lovers and friends alike in this island paradise.
Blue Safari Seychelles’ philosophy is a combination of sustainable travel with luxury accommodation, where guests can be assured of unforgettable experiences combined with the highest level of attentive service.
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THE PENINSULA HOTELS DEBUTS DAZZLING NEW ISTANBUL PROPERTY ON THE BOSPHORUS WATERFRONT
HERITAGE ARCHITECTURE, SUMPTUOUS AMENITIES, AND WORLD-CLASS DINING AWAIT GUESTS
AT THE LEGENDARY HOTEL GROUP’S NEWEST PROPERTY, NOW AVAILABLE FOR RESERVATIONS
The Peninsula Istanbul, the newest addition to The Peninsula Hotels’ portfolio of peerlessly elegant and luxurious worldwide properties, is delighted to announce that it is now accepting reservations in advance of its opening on 14 February 2023. Guests can enjoy an exclusive opening offer of €1,050 including complimentary daily breakfast for two; a €100 credit towards dining, spa and wellness; complimentary airport pick up for all suite reservations.
The waterfront property encompasses four exquisite buildings, three of which are protected historical landmarks dating to the early 1900s, each carefully renovated, set amid a quarter kilometre expanse of blooming gardens along the Bosphorus Strait – the convergence point of East and West in Türkiye’s most cosmopolitan city.
Guests wishing to plan a stay or an event at the stunning new hotel can now do so through their preferred travel advisor, or via The Peninsula Istanbul’s website. The site showcases the property’s diverse array of magnificently appointed rooms, suites, and gathering venues; its compound of graceful buildings, outdoor spaces, and its location within Galataport, a new waterfront revitalisation project featuring museums, restaurants, and boutiques in the harbour district of Karaköy is in walking distance to Galata Tower, Galata Bridge, The Hagia Sophia Mosque, The Blue Mosque, and Topkapi Palace.
“As a long-term investor, we spend many years selecting the best location for a Peninsula hotel. We are excited to expand our global presence with the opening of The Peninsula Istanbul, together with our esteemed local partners, Dogus
and Bilgili. Istanbul is a dynamic multicultural city with thousands of years of history and culture, combined with a youthful and vibrant energy. We have spent a lot of time and effort to meticulously restore this beautiful property on the Bosphorus and we look forward to welcoming locals and visitors alike to experience our world-renowned Peninsula hospitality,” said Clement Kwok, Managing Director and CEO of The Hongkong and Shanghai Hotels, Limited, owner and operator of The Peninsula Hotels.
“The opening of The Peninsula Istanbul represents a glorious new chapter for our brand, and for luxury travellers,” said Peter Borer, Chief Operating Officer of The Hongkong and Shanghai Hotels, Ltd. “With our new property, we are delighted to offer a magnificent new location that fulfils the most discerning travel dreams.”
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Exquisite Accommodations and Event Venues
With 177 gorgeously appointed rooms starting at 40-49-sqm/430-527-sq-ft to generous suites spread among its four waterfront buildings, The Peninsula Istanbul will offer guests a wide range of accommodation choices. Many will provide sweeping Bosphorus views from large windows, balconies, or private terraces; others will include direct access to the property’s magnificent gardens, outdoor swimming pool, private boat dock, and stylish luxury boutiques. All will be decorated with bespoke furnishings, original art, modern Turkish design elements like wood-and-mother-of-pearl inlay, kilim-style carpets, and sumptuous bathrooms clad in Marmara marble. The 510-sq-m/5,490-sq-ft Peninsula Suite, with its own hammam, gym, and rooftop swimming
pool, will be one of the most opulent and spacious suites available in the city.
The hotel’s collection of special-event venues is similarly splendid. Lavish options include a grand ballroom that, when combined with its Terrace can accommodate 820 guests for a seated banquet and 1,300 for standing cocktails. In addition, the hotel offers two intimate
conference rooms, VIP private dining and wine-tasting areas, and numerous alfresco spaces amid blossoming gardens overlooking the Bosphorus – all paired with state-of-the-art technology to ensure that both festive and business occasions make a stunning impression. Every venue reservation will include the impeccably attentive service of The Peninsula Istanbul’s special event planners and staff.
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Superlative Cuisine and Wellness Offerings
The Peninsula Istanbul will provide diners a myriad of opportunities to enjoy sublime gastronomic journeys. The hotel’s featured rooftop restaurant and bar will offer sophisticated Turk-Asian cuisine and libations in several memorable dining areas for up to 350 people –including an expansive rooftop terrace with unparalleled views over the Bosphorus and hotel gardens; as well as a main dining room where the décor reflects the confluence of Asian and Turkish cultures.
In keeping with cherished tradition, the hotel will also offer signature Peninsula Afternoon Tea and globally inspired fare at The Lobby restaurant, whose 260 seats occupy a dramatic, airy space, with double-height 8.4-m/ 28-ft ceilings, enormous windows, and water views from both main and mezzanine levels, which evokes its history as an early 20th-century ferry passenger terminal.
A robust line-up of relaxation, and well-being choices will also greet guests at the hotel. At the 1,675-sqm/18,030-sq-ft Peninsula Spa and Wellness Centre, indulgent offerings will include opulent hammams – traditional Turkish steam rooms – along with a dramatically lit,
25-m indoor swimming pool, and an extensive menu of treatments to enhance well-being, beauty, and relaxation that can be enjoyed in eight private treatment rooms. Physical fitness and mindfulness classes and workshops will also be offered at the facility’s state-ofthe-art Fitness Centre; and a dedicated Wellness Portal provides inroom, round-the-clock access to wellness programmes like guided exercise routines, aromatherapy selfcare rituals, and audio meditations.
In addition, The Peninsula Istanbul features a 25-m outdoor swimming pool, set amongst the lush gardens along the Bosphorus offering guests an outdoor dining option as well as private cabanas.
Unsurpassed Guest Amenities and Services
As with all Peninsula properties, The Peninsula Istanbul will offer guests the superb comfort and flawless attention to detail that are synonymous with the brand. Whether via in-room amenities like sustainable, custom-fragranced bath products and multi-lingual touchscreen control panels; inspiring, destination-specific arts programmes and cultural experiences; or global proprietary services like Peninsula Time (checkin from 6:00 am and check-out at 10:00 pm) and PenChat (access to a 24-hour digital concierge), The Peninsula Istanbul will uphold The Peninsula Hotels’ enduring commitment to its guests and larger community.
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Cuvée Louise 2005 THE EXCEPTION BY POMMERY please drink responsibly Cuvée Louise 2005 THE EXCEPTION BY POMMERY please drink responsibly
AZIMUT’S NEW MAGELLANO FLAGSHIP PUTS THE ROMANCE INTO TRAVEL
The Italian builder’s new models in 2022 include the new Magellano 30M, with designers Ken Freivokh and Vincenzo De Cotiis taking their work to a new scale.
Azimut’s new Magellano 30M reunites Ken Freivokh and Vincenzo De Cotiis following their design collaboration on the Magellano 25M, which was launched in 2020 and had its Asia debut in Hong Kong in mid-2021 through Azimut Yachts Hong Kong, a branch of dealer Marine Italia.
Deemed one of Azimut’s most important series by company founder Paolo Vitelli, the Magellano line was conceived in 2007, inspired by
the culture of trawlers designed for long-range voyages but interpreted with a contemporary twist.
The new Magellano superyachts meet the needs of owner who love “travel and discovery”, with two speed modes, the latest-generation high-efficiency hull and a sophisticated design outside and in. And the Magellano 30M takes it to a new scale, with an overall length of 29.7m (97ft 6in), a beam of 7.1m and a full-load draft of 2.05m (6ft 8in).
The Dual Mode hull by P.L. Ausonio Naval Architecture (P.L.A.N.A.) and Azimut’s R&D Department is optimised to perform efficiently at both lower speeds and planing at higher speeds, with the Magellano 30M reaching up to 20 knots with twin 1,550hp MAN engines.
Freivokh, who has vast experience in both sailing and motor yachts, oversaw the concept and exterior design. Working with a hull featuring impressive volumes, the UK-based
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American created a sleek superstructure, the distinguishing feature of this crossover coupe, while the elegant lateral teak louvres have become the brand’s signature.
Other key features include the vertical bow, the imposing hull sides and the protected walkways running alongside extensive glazed surfaces – over 70sqm – through which light pours into every interior setting.
De Cotiis, an architect and designer whose work features in the Carpenters Workshop Gallery, made his yachting debut with the Magellano 25M and the Italian returns with another luxurious interior based on irregular geometries.
For the first time on a yacht this size, the main deck offers a 270-degree view of the sea, also a tribute to the engineering work by Azimut’s Technical Office, which designed a low-profile ventilation system to ensure uninterrupted views.
De Cotiis designed the furnishings to be half height, to allow full view of the sea and sky. The same focus is also found in the cockpit seating,
designed to allow the eyes to roam the horizon beyond the infinity terrace and its transparent parapet.
The single helm station is located on the upper deck, leaving space on the main deck for the generous lounge flooded with natural light, plus the full-beam owner’s suite with floor-to-ceiling windows.
In the saloon, guests are not only captured by the asymmetric layout and geometries but also De Cotiis’ material of choice: artistic fibreglass. A construction material for Azimut is an aesthetic resource for the visionary designer, with lamination and the injection of powders and colours turning it into a precious material.
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The spacious saloon is yet another expression of the Magellano’s philosophy of conviviality, with sofas suggesting rhythm and flow while separating the living zone from the lunch area and the central bar and seating unit.
Forward on the main deck, mirror-clad cupboards and Cipollino marble-framed portholes make the entrance to the airy owner’s suite one of the most striking corners of the yacht, where fullheight windows and a hanging vanity top provide a privileged and private view of the sea.
A stairway leads up to the interior sky lounge and out through aft doors to the stern terrace, which has a sheltered dining zone with a relaxation corner, an American bar with sea view, and a sun pad.
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SANLORENZO’S SERIOUSLY SMART PERFORMER
The super-sleek SP110 is making waves around the world with its triple waterjets, 40-knot top speed and 4ft draft, but Sanlorenzo’s first ‘Smart Performance’ sports yacht is as notable for its efficient propulsion and energy systems, and attractive atrium-style interior. And it’s coming to Asia, with a sale already secured by Simpson Marine.
Exterior designer Bernardo Zuccon says the knife-like profile of the SP110 was inspired by the great white shark. Sanlorenzo Art Director Pierro Lissoni says “one feels its architectural power” when inside the atrium-style interior. Tilli Antonelli, Product and Development Manager of Sanlorenzo’s SP line, describes the shipyard’s first Smart Performance model as an “elegant, powerful, absolutely unique yacht” and a “major driver of innovation”.
Certainly, Sanlorenzo’s quest for innovation shows no signs of slowing down with the SP110, its first open coupè and its fastest yacht to date.
In fact, the two-deck design is so far removed from the SL, SD and SX flybridge yacht ranges that it’s reaching a new sector of owners, including one who switched to an SP110 from a sailing boat. Sanlorenzo Asia, represented
by Simpson Marine, secured a sale in this region soon after the model’s world premiere at the Cannes Yachting Festival.
Upon closer inspection, it’s a model that possesses plenty of the shipyard’s DNA along with plenty from Antonelli, an industry pioneer behind brands such as Pershing
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and Wider. His influence is evident in the choice of three MJP waterjets, which work with triple 2,000hp MAN V12 engines to produce a top speed of 40 knots or even 43 knots with the 2,200hp options.
They’re impressive figures for a superyacht and a credit to hull designer Marco Arnaboldi – another member of the SP110’s all-star design team – who optimised the 108ft-long, 27ft-beam planing hull for use with hydrojet propulsion.
Another key contributor to efficiency is the use of lightweight materials, with a fibreglass hull topped by a superstructure in carbon and epoxy. The hull design, waterjets and light materials all contribute to a super-shallow draft of just 1.3m at full load, so you can pretty much go wherever there’s water.
“The waterjets give the yacht its very shallow draft, incredible comfort and flexibility in navigation, with full respect for the environment,” Antonelli says. “This is what characterises SP110 and its originality.”
In an era with increasing focus on fuel emissions and a huge push for greener propulsion and operational systems, even Sanlorenzo Chairman Massimo Perotti admits that the high-speed SP110 may be a more niche offering than more voluminous models from the well-established SL, SD and SX series.
But that’s where the ‘Smart’ in Smart Performance comes in. Sure, the SP110 can seriously shift when it needs to, but Sanlorenzo says its performance is matched by impressive efficiency, the driving force behind the boat’s fractional propulsion system.
To improve efficiency at slower speeds, the yacht can use just one engine or only the two outer engines, which is each paired with a steering waterjet as opposed to the central thruster.
“Personally, I think the best performance in terms of economy is at 10 knots, with the two side engines running at about 800-900rpm and consumption at about 110-112 litres per hour,” Antonelli says.
Furthermore, the SP110 incorporates a solar-electric energy system to help power onboard systems. High-efficiency 6kW monocrystalline solar panels cover the forward half of the roof and work with a package of lithium batteries to potentially run hotel functions for a few hours each day without the use of generators.
On a summer day in Mediterranean waters, over 60kW a day can be produced, which can run hotel loads for 4hrs based on an average of 15kWh. However, the deckhouse roof offers more than just solar panels, also featuring a full-width sunbathing area and even a cleverly disguised helm station that can fold down flush into the black superstructure.
OUTDOOR SURPRISES
While Antonelli is focused on the Smart Performance line, the SP110’s exterior and interior designers, Bernardo Zuccon and Piero Lissoni, are common to many of Sanlorenzo’s other series and models. In fact, Zuccon admitted it was a “complex task” finding the balance between the SP110’s dynamic performance and the need for elegant, comfortable outdoor and indoor spaces.
“While respecting the stylistic features that historically characterise this type of boat, such as the aerodynamic and extremely organic surfaces, with Tilli Antonelli we arrived at a compromise: a dialogue between
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LEAN AND GREEN
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dynamism and liveability not normally perceived on boats of this size,” said Zuccon, whose parents Gianni and Paola founded Zuccon International Project.
Outdoor social areas include the foredeck, which includes a five-person sunbathing area and a further island sunpad forward, while all the technical equipment is neatly hidden in the forepeak under a foldup cover. Just below, the top section of the almost-vertical bow can lift forward to deploy the retractable anchor.
However, the main outdoor zone is the vast aft cockpit or terrace, an area whose increasing importance on Sanlorenzo models was highlighted by its significant size on the SX series and which has been replicated on smaller models by sister brand Bluegame.
On the SP110, the aft terrace is an almost square space measuring about 7m by 7m, so offering about 50sqm of space for outdoor furniture, water toys and whatever else an owner might wish to use it for. It also includes not one but two party tricks, starting with the 5m-wide aft transom folding out to become a waterside swim platform and reveal integrated steps leading down to it.
However, unveiling the hidden tender is even more fun to watch. Firstly, three thin, long panels – one on each side and one aft of the outdoor furniture – open to allow a three-sided davit to electronically rise to an almost vertical position, where it looks like the posts and crossbar of a football goal.
After that, a roughly 5m by 2m deck panel pivots up and forward to reveal the tender, which is hoisted in the air, moved aft and then lowered into the water by the moving davit.
If the exterior makes it obvious that Sanlorenzo is entering a new sector with the SP110, the sliding aft doors show the shipyard is also not standing still with interior design.
Having already worked on the interior of the SX88, Piero Lissoni was appointed as the company’s in-house Art Director in 2018, the year of Sanlorenzo’s 60th anniversary. Since then, he has overseen many of the interior layouts of the builder’s models but the atrium-style design of the SP110 interior may be one of his finest works yet.
Whether you’re standing on the aft terrace, swim platform or even the dock, you have a clear view through to both the lower lounge and the main deck above.
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LIGHT AND BRIGHT
Both decks are connected by what Lissoni describes as a “hyper-technological staircase” to starboard and both are far more relaxing, comfortable and welcoming than the minimalist exterior might suggest.
Antonelli is full of praise for the connectivity of the outdoor and indoor areas. “The SP110 is designed to be social,” he says. “When one guest is reading a magazine on the main deck, another is watching a movie in the lower lounge and others are sunbathing or playing on the aft deck, they can all communicate. They’re in separate areas, but they’re all connected.”
Inside, Lissoni themes include long sight lines, big windows, large openings and clear deck spaces that can be dressed by owners how they wish. Sanlorenzo prides itself on its customisation, which is illustrated by the interior of hull one, Almax, being notably different to the furniture layouts on the model’s original deck plans.
In essence, the main deck is designed to start with an open saloon, while forward is a dining area flanked by huge sliding doors on both sides for a pleasant cross breeze and beautiful sea views.
On Almax, a port side door leads to a day head and a large galley to starboard, while forward is a zen-like helm station, with a single, adjustable helm seat and a simple sofa and foldable table to starboard. To port is the staircase to the crew quarters, which has a captain’s cabin and two twins.
On the lower deck, the interior starts with a lower lounge in a design reminiscent of the larger Bluegame models. However, instead of three steps down from the aft platform, it’s five on the SP110, so there isn’t the visual connectivity to the aft deck you might hope for.
Like the main saloon, the lower lounge can be dressed and laid out to the owner’s taste. On Almax, this includes a bar and leather chair to starboard, and a carpeted side to port with sofas facing the mirrored wall, which features a cleverly disguised TV screen.
A central hallway leads first to identical VIP suites on each side, each with a forward-facing bed and en-suite bathroom, while forward to port is a flexible guest cabin, also with en-suite.
The master suite is on starboard side and features an inward-facing bed, with an elegant walk-in wardrobe aft and the en-suite forward.
Lissoni, for one, is confident of the success of the Smart Performance line. “The SP110 is the first of what will genuinely be a new generation ofyachts.”
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Though you might be surprised. Request a quote today. Fly private. Go anywhere. On your schedule. For more information visit: www.aircharter.sg THE WORLD’S LEADING PRIVATE JET BROKER
THIS ISN’T FOR EVERYONE.
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SINGAPORE
MALDIVIAN RESORT
LUX* SOUTH ARI ATOLL LAUNCHES A GLOBAL FASHION COLLABORATION WITH DIARRABLU
In celebration of tropical wanderlust, conscious contemporary lifestyle brand DIARRABLU partners with LUX* South Ari Atoll in the Maldives to present a Resort ‘23 collection named “FILUN” (Maldivian for “escape”) inspired by the island’s vibrant colours and warm culture.
As one of the biggest Maldivian islands, the award-winning resort of The Lux Collective is an ideal place for creativity with its cheerful vibes, secluded picturesque coves, and crystal-blue ocean waters. The DIARRABLU Resort ‘23 Collection is a reflection of the tropical LUX* South Ari Atoll, where blue lagoons meet four kilometers of pristine sands. The brand’s creative director Diarra Bousso and her global team travelled to the island from San Francisco, Dakar, Cape Town, Abidjan and London to create a special campaign telling the magical story behind the partnership.
“The collaboration between LUX* South Ari Atoll and DIARRABLU is not merely a fashion activation but a meaningful partnership. Travel and fashion go handin-hand, and anyone packing for a holiday to a faraway tropical destination will think twice about what to pack. The capsule collection’s locally inspired prints and sustainable materials aligned with LUX*’s sustainability values. The handcrafted womenswear and swimsuit are versatile and eye-catching - to celebrate life and bring a little extraordinary to your holiday.”
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said Ms. Caroline Gaud-Perrier, Vice President – Marketing of The Lux Collective.
The Collection
The collection’s colour palette features inspiration from turquoise waters, pink flowers and white sands. The prints, Ari Blu, Atoll Rose, Atoll Blu, Playa Aqua, Isla Noir and Tukki Noir, are designed in the brand’s distinct spirit of fusing geometry and art.
The solid-coloured pieces, in aqua, coral, white and black, use sustainable materials of lyocell and tencel, made from regenerated cellulose of wood pulp. The collection features balanced and size-inclusive pieces for head-turning looks while on vacation. The clothing and jewellery are handcrafted by local artisan communities in Diarra’s native country Senegal – in line with the brand’s innovative business model with a mission to create sustainable livelihoods and reduce waste.
The Brand: DIARRABLU
DIARRABLU is a conscious contemporary lifestyle brand founded by multidisciplinary artist and mathematician Diarra Bousso and known for its versatile, practical and convertible pieces in bold prints designed for the travel-spirited muse. With notable features in Vogue, Forbes and CNN among others, the brand’s design approach is a conscious merger of tradition and technology. DIARRABLU gained a strong fanbase with
Passion for Fashion
collections synonymous with effortless sophistication and comfort. and an ethos rooted in sustainability, wanderlust, and traditions.
The Artist: Diarra Bousso Diarra Bousso, the self-dubbed creative mathematician is an artist at heart. A trained ballerina and former Wall Street trader spends her time exploring mathematics to create emotional artistic and educational experiences. Born and raised in Senegal and Norway, and currently living in California, Diarra is fascinated with oxymorons.
Her work is rooted in old African craftsmanship while looking to the industry’s conscious future. The brand celebrates the beauty in contradictions by merging tradition and technology through her collection of clothing, accessories and art prints.
This brand collaboration between LUX* South Ari Atoll and DIARRABLU is born out of the strong shared values and passion for sustainability. Recognised for its award-winning eco-approach to conscious travel, the resort constantly strives for a greener future.
Photo credits: Creative Director: Diarra Bousso | Art Director: Louw Kotze | Photography: Katinka Bester | Film: Lucian Barnard | Models: Andrea V West, Jade Gita Daniel
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DISNEY X GIVENCHY
As The Walt Disney Company commemorates its 100th anniversary in 2023, Oswald the Lucky Rabbit has emerged from the Disney vault to re-enter the pop culture zeitgeist ahead of the Year of the Rabbit.
Givenchy Creative Director Matthew M. Williams sources inspiration from around the globe, from New York and Paris to Los Angeles, Shanghai, Tokyo and beyond. For this collaboration, the designer worked with Disney to create a “one-of-a-kind world tour” that fuses Oswald’s mischievous, high-energy spirit with his own directional aesthetic for Givenchy, in a capsule of collectible statement pieces that capture the spirit of adventure.
The campaign and Oswald’s world tour will come to life in a mixed reality short produced in collaboration with both Walt Disney Animation Studios and art director
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Givenchy and Disney are pleased to present a brand-new capsule collection starring Oswald the Lucky Rabbit, in celebration of Lunar New Year and 100 years of Disney.
and photographer Julian Klincewicz. This all-new short will feature global talent Madelaine Petsch, Amber Liu and Alton Mason enjoying an adventure alongside the Lucky Rabbit. The journey will begin at the El Capitan Theatre in Los Angeles, and move through Shanghai, New York, Tokyo and Paris, where Oswald will end his trip at the House of Givenchy.
The Disney x Givenchy capsule collection will be available starting December 16th in China, Singapore and Tokyo Ikebukuro pop-up as well as the Miami Aventura pop-up on December 19th and will be available globally on December 30th in stores and on givenchy.com.
Passion for Fashion
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For over ten years, Balmain’s Creative Director Olivier Rousteing has been surprising the fashion world with his distinctive vision and imaginative choices. Building upon the bold legacy of house founder Pierre Balmain, who audaciously introduced the legendary “New French Style” over 75 years ago, Rousteing consistently startles with unexpected silhouettes, colors and messages—key ingredients of his singular “Renewed French Style.”
In particular, Rousteing has sought out unconventional collaborators— partnering with imaginative creators that share the designer’s outlook and daring. Today, the house is happy to announce the latest of those collaborations: a limited-edition Balmain partnership with Pokémon.
Surprising as the pairing may be, it does make perfect sense—for Balmain and Pokémon share an uncommonly bold and adventurous outlook. Like Balmain, Pokémon sets itself apart by its constant evolution and embrace of new technologies, while always buzzing with a uniquely addictive energy and color. In addition, just as Balmain is celebrated for its always-growing Balmain Army, Pokémon celebrates its millions of “Trainers” around the world who are always ready to embark on journeys in the hopes of collecting, training, and battling an ever-increasing number of Pokémon. POKÉMON’S
BRIGHT POP
AND CAPTIVATING CREATURES
BALMAIN PARTNERS WITH POKÉMON FOR A SPECIAL, LIMITED-EDITION COLLECTION 76
AESTHETIC
HAVE ALWAYS APPEALED TO ME - Olivier Rousteing
Passion for Fashion
“Today, they make me think of an earlier, simpler time, when we all shared a rosy vision of all the positive changes that we were certain that digital innovations would make possible. And that’s a key reason why I’m so happy to partner with Pokémon on this collection— because, right now, we could all use a reminder of those past moments of hope and optimism.”
- Olivier Rousteing
Much of the new Balmain x Pokémon collection plays with new spins on familiar Balmain signatures, including the house’s familiar slouched hoodies and sleek sneakers, as well as its mesmerizing Labyrinth pattern. The Labyrinth—a maze-inspired motif that was originally designed by Pierre Balmain over 50 years ago—makes very clear its chameleon-like adaptability, as it pops up in several different iterations across the collaboration’s many offerings. There are also several new takes on iconic designs that were first introduced on Balmain’s Paris Fashion Week runways—with each offering slightly adjusted to reflect the Pokémon aesthetic, while never veering away from the famously exacting standards of Balmain’s ateliers.
Olivier Rousteing and his Balmain design team have also been inspired by Pokémon’s bold colors and bright iconography. Sweats, jackets and oversized tops and bottoms cleverly channel the bold graphic treatment that one immediately recognizes as Pokémon — and many of the accessories are inventive hybrids of Balmain’s signature bags and Pokémon illustrations.
And, of course, a Balmain x Pokémon partnership could not be complete without the inclusion of a compelling digital adventure.
That’s why this collaboration offers an additional, one-of-a-kind ingredient, created in partnership with SharpEnd.
Additionally, fans who purchase one of the BALMAIN x Pokémon
Patches can get a digital code to instantly unlock the BALMAIN Outfit Set Trainer fashion items for free using the Gift Exchange menu in-game.*
*Promotion not available in China
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BENTLEY MOMENTUM UNBREAKABLE
Combining the finest natural materials, skilled artistry, and cutting-edge technology, Bentley Momentum Unbreakable Eau de Parfum exemplifies the high standards and values of Bentley with a sustainable, unique and exquisite design.
SUSTAINABLEY SOURCED AND METICULOUSLY CRAFTED
For Bentley Momentum Unbreakable, the bottle pioneers a truly innovative design. It draws its inspiration from a state-of-the- art finish crafted by Bentley to customise its car interiors: the Stone Veneer, a fusion of century-old craftsmanship and advanced technologies. The result is variations in colour, pattern and texture which are almost impossible to imitate.
The stone veneer epitomises Bentley’s enduring quest to use only the finest materials in their creations, as Bentley’s team of expert veneer hunters go to extraordinary lengths to source the very best in the world. Other veneers include eucalyptus, olive ash, burr walnut, and liquid amber from countries as far apart as Canada and China.
The slate and quartzite stone is sustainably sourced from hand-selected quarries in Rajasthan and Andhra Pradesh, India – a nation with an ancient and rich culture of stone masonry. The sections of stone are split from larger pieces and cured using glass fibre and a bespoke resin. Finally, they are shaped and finished by hand by Bentley’s world-renowned Mulliner coachbuilding team at the company’s headquarters in Crewe, England.
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Beauty Diaries
A BOTTLE LIKE NO OTHER
For Bentley Momentum Unbreakable, in a striking expression of the name of the fragrance, the front of the bottle is covered by a real stone plate made of mica schist, a crystalline rock containing reflective slivers of mica. Each one is 100% natural making every bottle a one-of-a-kind piece. The stone is cut into wafer-thin slices applied to tissue which is then bonded to the bottle. Due to the thin cut and application process, it is then possible to mould the stone to the shape of the bottle. To finish, the slate-grey plate is etched with Bentley’s iconic “B in Wings” logo and the name of the fragrance.
The back of the bottle is clad with an interpretation of the marque’s signature knurling. Introduced in 1919 in the second car built by W.O. Bentley, this trademark motif was conceived to be pleasant to the touch as well as to the eye. Embossed in a matte black plate covering the bottle from base to neck, it adds a sensuous tactility and strikingly graphic style to the flacon, crowned with a matte black cap.
Decorated with the iconic Bentley logo and the name of the fragrance hot-stamped in silver, the slate-grey
box is embossed in the same, tactile texture as the bottle’s stone plate.
A SCENT FOR TODAY’S COOL HUNTERS
Crafted from high quality ingredients matching cutting-edge technology with the age-old traditions of perfumery, Momentum Unbreakable meets the same, uncompromising standards as Bentley cars. A warmer, woodier interpretation of the bracing Momentum line, the fragrance expresses all the thrilling facets of a contemporary urban adventurer.
As the fragrance opens, violet leaf adds an aquatic touch to sparkling mandarin Sfuma. Green, floral and aromatic, the finest mandarin oil in the world is almost a perfume in itself. A clean flash of lavender, matched with mint-fresh, rosy geranium, is softened by precious, powdery orris.
Spicy with facets of liquorice, dried fruit and amber, immortelle warms the heart of Momentum Unbreakable, introducing the notes that make the scent’s sexy masculine signature: a rich, warm palette of woods.
WHETHER IT’S SHOWING YOUR APPRECIATION TO A VALUED CLIENT OR PARTNER, INCENTIVISING EMPLOYEES OR TRYING TO WIN NEW BUSINESS, GO BEYOND THE EXPECTED AND CREATE A MEMORABLE EXPERIENCE WITH SAY THANK YOU.
Say Thank you creates unique luxury events and experiences for companies who want to reward their clients and employees.
Uninspired by the same corporate entertaining options available, Say Thank You was founded by Nicole Roache (previously head of events and partnerships for Treasury Wine Estates) to provide companies with diverse events and experiences from all industries including wine, food, sport, travel, fashion and the arts.
Working with iconic global brands, including Burberry and Penfolds delivering luxury experiences, Nicole’s career spans over 20 years in events and partnerships. Nicole has spearheaded events from those of largescale, international grandeur to intimate chef ’s table dinners. She brings her extensive network of celebrated artisans, brands and partners to Say Thank You to deliver truly unique events and experiences.
Her knack to elevate the nor m into the unforgettable has seen her experiences and ongoing loyalty event strategies turn even the most non-committal of clients into long-term brand advocates.
Say Thank you invite you to join their community to access custom experiences and events created especially for you. Immerse in the world of winemakers, chefs, artists, sporting moments, travel and more.
Whether it’s a unique dining or invite only winery experience, packing a bag for the night or dusting off your passport, Say Thank You will create an experience tailored to you.
Telephone: +61 459 843 948
Email: nicole@saythankyou.com.au
Visit: saythankyou.com.au
Just like there are a million reasons to thank someone, there are a million ways to show it.
What’s your story?
Whether you make watches or whiskies, sports cars or superyachts, successful luxury brands know that having a great product is only half the battle. The other half lies in having a great story .
Uniqueness is hard to fi nd. A Rolls Royce does the same as a Bentley, by and large. A De Beers diamond shines as brightly as a Tiffany one. You look and feel equally fabulous in Chanel or Prada.
So why choose one over the other? Often, the answer lies in the stories a brand tells.
Imagine you want to buy a watch for your son or daughter’s 21st birthday. You research a number of brands and find a number of suitable watches.
Then you come across a Patek Philippe advert, which describes a watch not as something to wear but as a family tradition to start — as a treasured item your son or daughter will pass down to their children.
The advert ends with the classic strapline: ‘You never actually own a Patek Philippe. You merely look after it for the next generation.’
Suddenly, a Patek Philippe isn’t just a watch like dozens of others, it’s something unique, emotive and enduring. It’s an heirloom waiting to happen.
Now that’s a good story.
Finding your story means finding what sets you apart. It means telling your history and describing your future. It means expressing your values, so you can connect with audiences who share them.
And, above all, it means giving people a reason to pick Chanel over Prada.
This is the power of a clear, distinct and differentiating brand story. And we should know — at Woven, we’ve spent the past twenty years creating them for luxury brands, from yacht makers to property developers.
Want to find your story?
Visit woven.agency and we’ll do it together — and then tell it beautifully.
Making brands work beautifully
60 YEARS OF KEYNETON EUPHONIUM
What began as ‘Henschke Dry Red’ in 1958, has evolved in both name and varietal blend over the past 60 vintages.
From ‘Henschke Hermitage’ to ‘Keyneton Estate’ and now ‘Keyneton Euphonium’, the 2018 vintage is a beautiful composition of shiraz blended with cabernet sauvignon, cabernet franc and merlot.
Keyneton Euphonium pays tribute to second-generation winemaker Paul Gotthard Henschke who formed the Henschke Family Brass Band in his home village of Keyneton in 1888.
The Henschke family still have the original brass euphonium in their care today.
HENSCHKE.COM.AU
CELEBRATING
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CONCEPTS 4 AUTOMOTIVE DESIGN JOINS THE LUXURY NETWORK JORDAN
Concepts 4 Automotive Design, the first transportation design studio in the region, is happy to join membership with The Luxury Network, a private membership club, within which premium companies work together for mutual business development, in what is considered a milestone for Concepts 4 Automotive Design (CAD), whose primary target is shedding the light on car design and highlighting its significance in the MENA region through the vibrant and dynamic influence of The Luxury Network.
The power of formulating such memberships emerges from the
merging of common and diverse values, ethics, and goals of each member with the sole purpose of creating an ultimate experience while establishing the cultural impact at the core of it all.
On the other hand, Reem ALSmeirat, the Founder and Design Director of CAD, expressed the importance of shedding the light on the role of women in the automotive industry as competitive leaders, through the channels of The Luxury Network, which is the key factor of this partnership.
It is furtherly imperative to point out the role The Luxury Network Jordan
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played, represented by Mr. Abdullah Yarvas, in stressing emphasis on startup companies by creating a support system for them through their extensive platform. Mr. Abdullah has stated that innovation and creativity are the essences of cultural impact, which is why CAD, represented by its Founder, Reem, managed to claim a spot within The Luxury Network, where they can expand their reach and claim a position among the premium brands in the automotive industry.
In conclusion, this membership promises some exciting projects and events that will leave a mark not only in Jordan, but in the MENA region, as well.
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NEW Member
Accelerating
your
tailored solutions Private Equity Corporate Structuring Multi-Family Office Citizenship By Investment Award winning private equity, multi-family office and corporate structuring firm based in Dubai. Decades of professional financial services experience with an international network of contacts, and a deep understanding of the needs of the modern day high net worth client or international family. Huriya Private has offices in UAE, Switzerland, Qatar, Albania & Cyprus. Each office is led by industry experts who have specific local understanding, technical knowledge, and strong professional network in the country. Suite 1601 Lake Central Tower, Business Bay, Dubai +971 4 589 6434 | info@huriyaprivate.com | www.huriyaprivate.com
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Providing Fincial Frd
What the introduction of corporate tax means for businesses in the UAE
On January 31, 2022, the Ministry of Finance of the United Arab Emirates (UAE) announced that it will introduce a federal Corporate Tax (CT) on business profits, applicable across all emirates and effective from the financial year beginning on or after 1 June 2023. The move comes as a result of reforms introduced by the Organisation for Economic Cooperation and Development (OECD) and is a sign of the UAE’s commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) project which aims to tackle tax avoidance and create a more transparent and cohesive tax environment.
This article examines the scope of the new tax regime and its implications on business practices in the UAE. It also addresses some of the questions that may arise from existing businesses in the UAE, or those considering establishing a presence in the Emirates to ensure the transition is as smooth as possible.
Current tax regime and proposed changes
At present, the UAE levies very little tax on businesses operating within the country. It does not have a federal corporate tax regime and instead corporation tax is determined by tax decrees from the governments of each of the seven emirates and applied separately. Under these decrees, CT is levied through a progressive rate system and imposed up to 55%. However, in practice, these taxes are only enforced on foreign oil and gas companies or branches of foreign banks. Businesses operating from any of the 40+ free zones across the emirates also enjoy significant tax exemptions and benefits. free zone entities in the UAE operate under their own regulations, and as such are able to offer benefits such as 100% repatriation of capital and profits, exemptions from all import/export duties, and no income or corporation tax.
The new corporate tax regime has been introduced to ensure that the UAE adheres to international standards and honours its commitment to the OECD’s BEPS project. As a member of the OECD (Organisation for Economic Cooperation and Development), the UAE has agreed to comply with the OECD’s Base Erosion and Profit Shifting (BEPS) project.
Who will be subject to UAE corporate tax?
Under the new regime, corporation tax will be levied on:
• UAE-incorporated companies including LLCs, PSCs, PJSCs, and LLPs
• foreign legal entities with a permanent establishment in the UAE, or which are tax residents in the UAE
• branches of foreign and UAE companies
• free zone entities with a branch in the mainland (only mainland-derived income is taxable under the new CT)
• Natural persons operating sole establishments or as individual partners in an unincorporated partnership
The CT rate has been set at 0% for taxable income up to AED 375,000. The announced rate of 9% applies only to businesses generating taxable income in excess of AED 375,000. For large multinational enterprises (MNEs) with global revenues of more than AED 3.15 billion, there will be a higher rate applied. This has yet to be announced but is likely to be 15%, considering the global minimum effective tax rate proposed by the OECD.
How can Huriya Private help?
Huriya Private has a highly qualified team, well versed in accounting, tax, and auditing requirements with unparalleled knowledge of international governments and financial policies. Contact Huriya Private today and get an in-depth consultation.
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Members Affairs
CFI FINANCIAL GROUP AND PEP GUARDIOLA CELEBRATORY DAY IN DUBAI, UAE
On Friday 18 November 2022, CFI Financial Group, a globally regulated trading provider enabling next-generation access to financial markets, hosted a celebratory day for the visit of its Global Brand Ambassador and football legend, Pep Guardiola.
The event kicked off with an interactive experience for a group of children football fans from the popular Inspiratus Sports District (ISD) in Dubai. Kids had a chance to enjoy games on the premises of the CFI offices which turned into a football pitch to offer them an authentic experience.
The most important moment during this unforgettable afternoon for them was meeting the legendary Pep Guardiola. All children had a chance to ask questions, hear tips and stories from Guardiola in a mentorship session they will always remember. Kids took home jerseys and footballs signed by the renowned football icon.
Later, in partnership with The Luxury Network UAE, the event continued through the evening with a reception and dinner at “Bull & Bear”, a prestigious restaurant
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at Waldorf Astoria DIFC. It was a great opportunity for the CFI team, premium clients, and partners as they had a chance to mingle, network and meet Pep Guradiola.
Hisham Mansour, CFI’s Co-Founder & Managing Director, held a speech at the very beginning praising the company’s achievements over the past 24 years since it started operations: “As one of MENA’s leading brokers, if not the leading one, we have a responsibility to continue to empower our clients by providing more and better impeccable trading solutions”, he said. He thanked CFI’s team, clients and partners for their valuable support, as everyone’s contribution enabled them to provide exceptional client services which in turn helped them achieve the maximum client satisfaction and build on the company’s success.
In his speech, Mr. Mansour, commended Pep Guardiola’s long list of achievements as he is considered “the greatest football coach ever” and for his tireless involvement in various charitable causes, one of which CFI also supports – developing and supporting young talents on their road to success.
In the end, CFI’s Co-Founder & Managing Director, congratulated the successful partnership between CFI and Mr. Guardiola and the increased awareness it has brought.
Mr. Pep Guardiola, who is the current manager of Premier League club Manchester City, thanked CFI Financial Group and the team for welcoming him at the headquarters in Dubai. He commended CFI for its hard work in becoming a trusted and respected online trading brand that treats everyday business with clear responsibility and professionalism.
CFI’s partnership with Guardiola has been a strategic move that introduced different concepts to the masses including the importance of investing, financial literacy, and how to access the global financial markets.
With a premium position in the Middle East and ongoing expansion internationally, CFI consolidated its presence on TV, billboards, social media, and global news outlets with advertising reflecting the partnership with Pep Guardiola.
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ARIA MEMBER EVENT WITH LANGTON’S FINE WINES
On Thursday October 20th, new members of The Luxury Network Aria Property Group, showcased one of their most desirable residences, the Penthouse at Oxley + Stirling. Guests we’re invited to an exclusive evening co-hosted with Langton’s Fine Wines, another member of The Luxury Network.
Greeted on arrival with Lacourte-Godbillon Champagne, guests were instantly immersed in the penthouse’s sophisticated atmosphere and 180-degree uninterupted views of the city frontage. Complemented by the expert guidance, Langton’s Andrew Browne and Pierre Durand, shared their expertise on the carefully curated selection of wines for the evening which included Grant Burge Meshach Shiraz, Domaine A Cabernet Sauvignon, Domaine Du Roc Des Boutires and BK Wines Skin n Bones Savagnin.
Known for their iconic architecturally designed buildings and iconic resident rooftop club spaces, Aria Property Group is a pioneer in innovating and delivering Australia’s most desirable residences. As one of Australia’s most awarded and leading property developers it came as no surprise the prized Oxley + Stirling Penthouse, had guests in awe.
Designed by one of Australia’s leading architectural firms, Elenberg Fraser, the Penthouse has been fitted with Wolf and Gaggenau appliances, luxurious stone throughout, timber veneer wall panelling and oversized French timber flooring. Currently on the market, the project is considered one of the finest buildings in the country, highlighted by its world class amenities, iconic design and irreplaceable views.
Overall, it was a fabulous evening of networking, design and delicious wines.
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ELITE CHEFS SYDNEY
11 November 2022 - Elite Chefs Sydney, a valued member of TLN, has offered high-end exclusive catering services for the last 8 years catering from 20 to 300 guests, which includes luxury brands, weddings, private dining, super yacht catering and bespoke events.
Led by award-winning Executive Chef, Matt Bates, Elite Chefs Sydney offer a personable, unique experience for you and your guests. Matt’s stellar background of over 25 years in high-end restaurants includes most recently 10 years as Exec Chef at Cafe Sydney, plus international experience at top starred restaurants.
Matt’s passion for sourcing quality, local produce and preparing it in a vibrant, contemporary manner is reflected in his menus. With strong
Members Affairs
relationships with Australia’s top suppliers Matt is able to source the very best seasonal produce to make your event unique. Locally sourced truffles, the freshest oysters and top-grade grain or grass-fed beef.
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Members Affairs
THE KILIAN PARIS MASTERCLASS A BLEND OF ICONIC FRAGRANCES, LEARNING AND NETWORKING EXPERIENCE
The occasion of the Kilian Paris Masterclass was a delightful one worth recounting, as it was an evening of luxe and exclusive fragrances and a discovery of the iconic scents inspired by the most intimate olfactive memoires of the founder, Kilian Hennessey. The masterclass which was held in partnership with The Luxury Network Nigeria took place on Saturday, 12th of November, 2022 at The Seattle Residences and Spa in Victoria Island, Lagos.
The fancy and opulent evening began with a signature cocktail reception for Members, Partners and Special Guests of The Luxury Network Nigeria; following the arrival of invited Guests of Honour as they filled the atmosphere of the aesthetically pleasing space with more charm and buoyance.
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Amongst the various distinguished guests present at the occasion were:
• Mr Samuel Abiola-Jacobs, MD The Luxury Network Nigeria
• Ms Fade Ogunro, CEO Bookings Africa
• Mrs Oyetola Okusanya, CEO C&C Luxury
• Ms Wumi Jubril, CEO The Seattle Residences & Spa
• Dr Yetty Ogunnubi, CEO YD Company
• Mrs Lilian Amuuchimwa, CEO Glitters Luxury
• Ms Elohor Edewor, Freelance Architect
• Mr Olatunde Odebiyi, MD Cornelli & Mosh
• Mr Olugbemiro Arinoso, MD Affinity Art Gallery
• Mr Karl Hala, GM Lagos Continental
• Mr Olamide Samuel Olawoyin, Africa Editor Fabl’style
• Mr Ade Ewuosho, Group Head Application Delivery Access Bank
• Mr Obinna Ike, Director Marketing and Innovation Grand Oak
• Ms Alice Temperley MBE, Luxury Fashion Designer Temperley London
• Ms Chim Chalemera, Country Director Department for International Trade (UKDIT) Nigeria
• Mr Samuel Otigba, Brand and Business Strategist
• Dr Bisola Otigba, Head of Strategy AvanteFly
• Ms Sophia Momodu, Brand Influencer
• Dr Akin Faminu, Lifestyle Content Creator
The masterclass was officially kick-started with a welcome address delivered by Mr Samuel Abiola-Jacobs, MD, The Luxury Network Nigeria, followed by the brand discovery presentation and experience by the Estée Lauder Team. The audience were awed and captivated by every activity that took place at that evening. It was beyond just a masterclass; it was time of learning, unlearning, relearning, networking, creating brand awareness and creating unforgettable moments.
The evening drew to a close with a surprising cognac pairing followed by further engagement and networking. Guests also continued to indulge in the variety of luscious fragrances on display.
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The Luxury Network Spain in partnership with Martins Wine Advisor successfully hosted the grand launch of the second planet wine, “URANUS”.
Uranus, is one of the next wine concepts launched from its maker “The Wines From Another World”. This edition of wine is from among the limited series of 9 wines, a very unique and extraordinary wine investment concept developed by its creator and curator, Claúdio Martins, and is the second series to be launched after the successful launch of “Jupiter” in Portugal last year. This concept is formulated by keeping in mind the
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THE GRAND LAUNCH OF THE SECOND PLANET WINE, “URANUS”, FROM ‘THE WINES FROM ANOTHER WORLD’
planets in the solar system, and is produced in the nine best wine regions of the world, by nine producers of outstanding character, and each with a very personal and unique style.
Uranus is Spanish, and resembles the seventh and third largest planet, and pays tribute to ice. It is a “village” wine from a vineyard over 75 years old, located in Moreira del Montsant in the historic Priorat, 743 meters above sea level produced by Dominik Huber of Terroir al Limit in a cement egg, which, due to its shape and porosity, favors micro-oxygenation and brings refinement and elegance to the wines.
Only five hundred bottles and some large formats up to 12 liters have been produced of this extremely exclusive wine collection for interested wine collectors, investors and enthusiasts, starting at the cost of 1,700 euros per bottle. Pre-ordering this series of treasure is possible, although it will only be available by early December.
This launch took place in Madrid on 26th of October 2022 in a presentation and venue designed with unique dynamics and ambience to give the attendees an unreal and out of the world experience, same as its name suggests, Uranus. The event was restricted to by-invitation only guests, which included some of the most affluent and VIPs of the region, including many rare wine collectors, investors, wine devotees and admirers.
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THE LUXURY NETWORK UAE B2B EVENT ON “A MONTEGRAPPA SUNSET YACHT CRUISE”
The Luxury Network UAE in partnership with Montegrappa hosted a year closing Business-to-Business event on 8th of December, 2022. This networking event was organized on a luxury Yacht at Dubai Marina where guests, comprised of top management decision makers from The Luxury Network members in the UAE.
While admiring Dubai’s coastline, and enjoying the golden hour together with freshening cuisines, premium cocktails and drinks, our member brands discussed with each other various affinity marketing opportunities for the coming year.
We discussed endless ways through which each one of them can mutually work together for business development, and explored opportunities of possible brand collaborations, brand endorsements, joint events, product placements, advertorial and media sharing, gift-with-purchase activities and much more.
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CHINA DIVISION AND DIAGEO RARE & EXCEPTIONAL
28 November 2022 - The Luxury Network’s China Division has hosted another successful event with Diageo Rare & Exceptional on the release of the new Johnnie Walker, Cities of the Future Sydney Edition.
Diageo partnered with NAB at their new Sydney head office for 50 of the Bank’s important brokerage partners that service the Chinese communities in Sydney.
Guests were treated to tastings of the iconic Johnnie Walker Blue Label, the newly released Talisker 44 and the Glenkinchie 24, while listening to insights on the latest Economic Outlook by NAB’s Head of Market Economics, Tapas Strickland.
The Luxury Network’s China Division works closely with the Diageo team to create and develop successful partnerships with the Australian Chinese business community. Hosting numerous physical events over the last couple of years supports the growth of Diageo’s Rare & Exceptional portfolio of fine spirits.
Should you require further information on how our China Division can develop your Chinese community engagement in Australia, please contact our CEO, James Rowden via email at james@theluxurynetwork. com.au
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THE LUXURY NETWORK HOSTS THE RED SEA INTERNATIONAL FILM FESTIVAL GALA DINNER
On the evening of Tuesday, December 6, 2022, 350 guests attended The Red Sea International Film Festival Gala Dinner, hosted by The Luxury Network KSA and The Red Sea International Film Festival at The Paddock, Jeddah Corniche Circuit.
The Red Sea Film Foundation, headed by Saudi Producer, Mohammed Al Turki (Mo Turki), is an independent, non-profit organization created to support the film industry in Saudi Arabia in the production and distribution of films, as well as education on cinema. The Foundation’s initiatives support the ambitious
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plans for the Kingdom in the entertainment industries, with its pillars of a vibrant society, an ambitious nation and a thriving economy.
The Luxury Network is Saudi Arabia’s leading luxury affinity marketing and business networking group; creating partnerships between Saudi Arabia’s most prestigious luxury brands. It is a private membership club, within which premium companies work together for mutual business development. Its goal is to create new business partnerships between luxury brands and facilitate their joint marketing activities.
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The distinguished guests who have graced the event were VVIPs, film directors, actors, and social influencers. Among them were Mohammed Hadid, Lojain Omran, Lama Alaqeel, Bayan Linjawi, Shahad Shubbar, Ghalia Amin, Zena Louay, Jwana Karim, and The Luxury Network International Global CEO, Fares Ghattas.
The evening sparkled through the attendance of Hollywood movie actress, Michelle Rodriguez, who have starred in the American movie franchise, The Fast and the Furious, alongside Mo Turki, Chairman of The Red Sea Film Festival and CEO of The Red Sea Film Festival Foundation.
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The event was a huge success, through the support of its partners, Lomar, Patchi, Jura, Emirates, Shangri-La Jeddah, Faces, Parkyy, Jumeirah Emirates Towers Dubai, Jeddah Corniche Circuit, Red Sea Film Festival, Woqoof, Miran, Saudi Motorsport, Maserati, Mashhoor, and Floward.
Abdullah Fakeeh, CEO of The Luxury Network KSA, presented a speech during the evening, while the guests had the opportunity to network all through the night. To keep the attendees entertained, the UK-based Aston Band, performed at the exclusive gala dinner.
The organizing team, The Luxury Network KSA and The Red Sea Film Foundation have created a star-studded and an impressive night to remember for all the guests who have attended the gala dinner.
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Why Join The Luxury Network?
The Luxury Network has been recognized by the British media as ‘the world’s leading luxury affinity marketing group’ and one of the most innovative formulas for the development of new businesses between luxury brands which share the same values, customers and target audience. We build meaningful business relationships and connections in the HNW and UNHW space with over 28 global offices and 500 exclusive member brands worldwide.
With over a decade of experience in the international luxury industry facilitating access to new high-net-worth individuals, our team has developed thousands of strategies for countless companies. The importance of top-end strategic alliances for financial success is indisputable and yet most companies don’t have the time or the resources to create such ongoing business relationships.
We are armed with the right connections to help you form new business alliances with many other luxury brands, to reach each other’s HNW pre-qualified private clients, and showcase your brand’s services and products at our luxury B2C sales or private client events. You will get the opportunity to entertain your clients and invite your prospects to our of B2C luxury events.
The Luxury Network’s team will perform as your extended marketing arm to orchestrate successful collaborations by working closely with your own personal The Luxury Network account manager to develop your business and identify your targets.
For more reasons to join The Luxury Network, please visit our website testimonials and success stories section. You may join The Luxury Network by filling in the form at www.tlnint.com/contact-us or email us at info@tlnint.com and we will take care of the rest for you.
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Say Thank you saythankyou.com.au
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Select Property Group selectproperty.com
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TLN Academy tln.academy Tomoka tfandr.com Trama tramaitaly.com Webb’s webbs.co.nz
Wines From Another World winesfromanotherworld.com
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Fares Ghattas Garz Bumanlag Narges Raiss Reine Nehme Omnya Moaad Naji Nour Ghattas Nour Assi Print and Production Printing Group Jnah, Embassies Street, Amira Building, Beirut - Lebanon Tel: +961 1 823 720 I info@printingroup.com The Luxury Network International 12 Hay Hill, Mayfair, London, W1J 8NR info@tlnint.com +44 (0) 330 133 1661 www.tlnint.com Editor-in-Chief Managing Editor Contributing Editor Creative Director Creative Assistant Marketing Manager Production Manager ISSUE 34 JAN - FEB 2023 In July 2017, The Luxury Network Magazine was published as a bimonthly supplement for The Luxury Network International. All materials are strictly copyrighted, and all rights are reserved. Reproduction in whole or in part without the prior written permission of The Luxury Network International is prohibited. All content is believed to be factual at the time of going to print and contributors’ views are their own derived opinions and not excessive that of The Luxury Network International. No responsibility or liability are accepted by the publishers or editorial staff for any loss occasioned to any individual or company, legally, financially or physically, as a result of any statement, fact, figure or expression of opinion or belief appearing in The Luxury Network Magazine. The publisher does not officially endorse any advertising or advertorial content for third party products. Photography and image credits, where not otherwise stated, are those of Getty Images and/or Shutterstock; each of which restrains their individual copyrights.
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