Portfolio | July 2011

Portfolio

Issue 67 ■ July 2011

Exclusive to Emirates First Class and Business Class

ORGANIC FOOD Healthy Capital Growth

INDONESIA’S BOOM Catching Up With Asia

EXCLUSIVE LONDON Best of the Best

Maria Sharapova A Winning Brand

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ABU DHABI - BAHRAIN - BASEL - BEIRUT - DOHA - DUBAI - GENEVA - HONG KONG - LAUSANNE - LUGANO - MONTEVIDEO - NASSAU - SINGAPORE - ZURICH

This issue July 2011

Portfolio

Exclusive to Emirates First Class and Business Class

Cover Story 30 Maria Sharapova’s Marketing Savvy La^Íl ma^ phke]Íl ab`a^lm iZb] _^fZe^ Zmae^m^ Zg] aZl fZ]^ Z _hkmng^ makhn`a ^g]hkl^f^gml% ]^libm^ a^k \eZbf maZm la^ pZl o^kr gZ o^ Zm ma^ [^`bggbg` h_ a^k m^ggbl \Zk^^k' Ghp FZkbZ LaZkZihoZÍl [b``^lm Zbf bl mh [^\hf^ Z [kZg]% k^ihkml >kb\ Pbelhg'

Features 26 No Rest for Google

54 Organic Growth Leads to Deals

Google is already dominant in mobile searches, but it

The market for organic food kept growing during the

isn’t resting on its laurels as the company targets

recession, albeit at a slower pace. That has set the scene

problems specific to cellphones.

for some mergers and acquisitions in the sector.

30 Upwardly Mobile Nannies

56 Smaller Studios, for the Smaller Screen

Brazil’s rapid economic growth is lifting every level of

Several production houses have sprung up that take a

society. One group that has particularly benefited is

professional approach to making YouTube videos. The

nannies, who are now entering the growing middle class.

idea is to compete with video-streaming services like Netflix and Hulu.

34 Goldman’s Scattered Flock An elite group of partners once controlled Goldman Sachs’ fortunes. But since becoming a public company in 1999, this powerbase has been eroded.

40 China’s Weak Link The export juggernaut earns China $1.5 trillion annually.

But getting goods from factories to harbours relies on an inefficient trucking system.

46 Carbon Storage Carbon capture and sequestration (CCS) is seen as an integral part of combating global warming. Carbon capture

40

has been happening for years, but now the sequestration part is finally under way.

50 Struggling with Rapid Growth The Indonesian economy is attracting foreign investment thanks to its rapid growth based on domestic consumption and commodities. But the country’s strained infrastructure could curtail growth.

56

5

Portfolio

6

Exclusive to Emirates First Class and Business Class

86

Essentials 61 London Luxury In the wake of the Royal Wedding and with the Olympics fast approaching, the city of London is basking under a global spotlight. Here’s a pick of the perfect places to luxuriate next time you visit.

66 Ceramics With Flair The Italian city of Faenza is famous for its ceramics, which are still handmade the traditional way by artisans.

70 Songkick Site Targets Music Fans Live music is one of the few segments of the music industry that is experiencing continued growth. Songkick is exploiting a gap in this market by creating a personalised experience

74

for concert fans.

74 A Taste of India Ron Levy was an artist when he was asked to build his first tandoor, a type of Indian oven. Since then he has built hundreds more and created a successful business.

78 The Cost of Malaria Malaria is Africa’s biggest killer and a huge burden on economies. The Ugandan government used chemical insecticides to tackle the scourge, but that caused more problems.

82 Boutique Hotels Aim High There are many boutique hotels in the works around

Departments

the world. While many analysts believe there is a market

9 Notebook

for them, others feel that we will soon see mergers and

World business in a nutshell.

13 Observer

rationalisation in the boutique sector.

86 Mean Lexus Machine

Spotting and analysing business trends.

The Lexus IS F is a four-door sport sedan that was born at Japan’s Fuji speedway, home to Lexus’ high performance

18 Column: Johan Naughton

vehicle development. And perform it does.

The end of TVs and DVDs?

88 Other Business Portfolio takes a light-hearted look at the latest business news.

Published for Emirates by

PO Box 2331, Dubai, UAE. Telephone: (+971 4) 2824060, fax:(+971 4) 2824436, e-mail: emirates@motivate.ae

Editor-in-Chief Obaid Humaid Al Tayer Group Editor & Managing Partner Ian Fairservice Group Senior Editor Gina Johnson Senior Editor Guido Duken Editorial Assistant Hilda D’Souza Art Director Tarak Parekh Junior Designer Roui Francisco General Manager Production & Circulation S Sasidharan Senior Production Manager S Sunil Kumar Production Manager C Sudhakar Senior Advertisement Manager Jaya Balakrishnan Email: jaya@motivate. ae General Manager – Group Sales Anthony Milne Email: anthony@motivate.ae Business Development Manager Nicola Hudson Advertisement Manager Rameshwar Nepali INTERNATIONAL MEDIA REPRESENTATIVES AUSTRALIA/NEW ZEALAND Okeeffe Media; Tel + 61 89 447 2734, okeeffekev@bigpond.com.au BENELUX M.P.S. Benelux; Tel +322 720 9799, Fax +322 725 1522, francesco.sutton@mps-adv.com CHINA Publicitas Advertising; Tel +86 10 5879 5885 FRANCE Intermedia Europe Ltd; Tel +33 15 534 9550, Fax +33 15 534 9549, administration@intermedia.europe.com GERMANY IMV Internationale Medien Vermarktung GmbH; Tel +49 8151 550 8959, Fax +49 8151 550 9180, w.jaeger@imvmedia.com HONG KONG/MALAYSIA/THAILAND Sonney Media Networks; Tel +852 27 230 373, Fax +852 27 391 815, hemant@sonneymedia.com INDIA Media Star; Tel +91 22 4220 2103, Fax +91 22 2283 9619, ravi@mediastar.co.in ITALY IMM Italia; Tel +39 023 653 4433, Fax +39 029 998 1376, lucia.colucci@fastwebnet.it JAPAN Skynet Media, Inc.; Tel/Fax +81 43 278 6977, skynetmedia@y2.dion.ne.jp NETHERLANDS GIO Media; Tel +31 6 2223 8420, giovanni@gio-media.nl SOUTH AFRICA International Media Representatives; Tel +27 11 234 9875, gisela@imrsa.co.za SPAIN IMM International; Tel +331 40 1300 30, n.devos@imm-international.com TURKEY Media Ltd.; Tel +90 212 275 51 52, mediamarketingtr@medialtd.com.tr UK Spafax Inflight Media; Tel +44 207 906 2001, Fax +44 207 906 2022, nhopkins@ spafax.com USA Totem Brand Stories; Tel +212 896 3846, Fax +212 896 3848, brigitte.baron@totembrandstories.com

Emirates takes care to ensure that all facts published herein are correct. In the event of any inaccuracy, please contact The Editor. Any opinion expressed is the honest belief of the author based on all available facts. Comments and facts should not be relied upon by the reader in taking commercial, legal, financial or other decisions. Articles are by their nature general, and specialist advice should always be consulted before any actions are taken.

Printed by Emirates Printing Press, Dubai, UAE

Portfolio

Notebook

9

BUSINESS NEWS IN BRIEF

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July 2011

10

US Companies Gather Steam

Numbers Game

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$1.1

billion record ticket sales pulled in

by Broadway in the past 12 months is said to be the second highest in 24 years. The record season takings were sealed by money-spinners Wicked, The Book of Mormon and other hits that charged $300 and up for the top seats.

$6

billion in loans for Egypt and Tunisia by the World Bank aims to boost the economy of the emerging Arab democracies. The World Bank money will be made conditional on the countries’ progress in modernising their economies.

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$355,

million has been earmarked by Europe’s second largest maker of semiconductors, Infineon Technologies, as investments in its Singapore outpost. The money will be injected in the coming years as the company expands its production capacity and research and development facilities.

The World In Figures

$812

$2.4

billion was spent by the world’s biggest retailer Wal-Mart to acquire South Africa’s Massmart. This is the company’s second-biggest acquisition after the $11 billion takeover of UK retailer Asda in 1999.

$3

million donated by eBay founder Pierre Omidyar to the Louvre Museum in Paris will go towards research and educational projects on Persian Art. The venture philanthropist is also known for funding microfinancing, governmental transparency and social media in developing countries.

12

-metre-high swan-dive into a paddling pool containing just 30.5 centimetres of water by the US’ shallow diver, Darren Taylor, sets a new Guinness record for the 13th time.

million has secured Viennabased luxury goods group Labelux the upscale shoe label, Jimmy Choo. Jimmy Choo’s co-founder and Chief Creative Officer Tamara Mellon and CEO Joshua Schulman will stay on in their current jobs.

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A SILVER LINING Japan’s economy contracted more than

Cabinet Office in Tokyo, compared with

economists estimated in the first quarter,

the three per cent median that was widely

well. Bank of Japan Governor Masaaki

underscoring the damage the March 11

expected. The government initially estimated

Shirakawa said on June 1 that supply

earthquake and tsunami inflicted on capital

a contraction of 3.7 per cent.

constraints are easing faster than

spending and factory production.

Gross domestic product shrank at an

Toyota Motor Corp. and Nissan

However, there is good news as

expected as companies rush to repair

Motor Co., which posted sales declines

their facilities and economists predict the

annualised 3.5 per cent rate in the three

in May, are working to restore operations

economy will expand in the second half of

months ended March 31, according to the

after the disaster caused a shortage of

the year as reconstruction work kicks in.

parts and power, pushing the economy into

Toyota predicted that its domestic output

a recession.

will recover to 90 per cent of normal levels in June.

July 2011

11

13

Observer BUSINESS NEWS IN BRIEF

The high price of oil, combined with a sickly economy, has retailers scuttling plastic of all kinds wherever they can.

Thank the High Oil Price

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Have you ever struggled with that seemingly indestructible plastic packaging known as the clamshell? Yes! Good news then, it may be on its way out, reports Stephanie Clifford.

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July 2011

14

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Observer O N E 2 W AT C H Corp — the US’ second largest satellite TV broadcaster. Clayton,

sister company.

including his former position

Analysts believe Clayton’s

at Sirius where he served as

61, took office on June 2 and

extensive experience and his

director of the company since

brings with him all the experience

lengthy business association with

2000 and as chairman from

gained over three decades in

Ergen will allow for uninterrupted

2004 to 2008.

senior positions in the satellite and

business growth. The company

consumer electronics industries.

has been pursuing strategies

its subsidiary boasts more

involving acquisitions, which

than 14.19 million satellite TV

CEO and founder of DISH

included the recent bids

subscribers as of March 31,

Network Corp, will continue as the

for Blockbuster and DBSD

2010. Dish is a Fortune 200

company’s chairman. Clayton has

North American and planning

company and its stock is up

had a long working relationship

investments in technology,

47 per cent so far this year.

He’s not one from the ranks

with the outgoing CEO over the

distribution and brand structuring.

but he certainly is an industry

past 20 years, which will stand

Clayton, who has a Masters

veteran. Joseph P Clayton, a

him in good stead as he faces the

degree from Indiana University,

word more than it is today,” is

former Sirius Satellite Radio

new challenges. In recent years

has served as president and

Clayton’s immediate goal and

Chairman and Chief Executive, is

Clayton has also been on the

chief executive in various telecom

one stockholders hope he can

the new CEO at DISH Network

board of EchoStar Corp, DISH’s

companies across the globe,

deliver on.

Charles Ergen, the outgoing

RAMEL Communication - 12212 - Illustrations : L. Prullière - libre interprétation de l’artiste - RCS Eiffage 400 757 621 RCS GRASSE

Joseph P Clayton

DISH Network Corp through

“I really believe we need to make DISH a household

LU X U R I O U S A PA R T M E N T S O N T H E “ C R O I S E T T E ” I N CA N N E S

Facing the sea and the Palais

des Festivals et des Congrès SALES OFFICE

VISIT UPON REQUEST Salon de l’Hôtel Majestic 10 La Croisette 06400 CANNES

+33(0)6 20 13 57 71 +33(0)6 20 74 87 16 www.constructa-vente.fr

www.eiffageimmobilier.fr

www.7croisette.fr

15

16

Preparing for the Future World economic and agricultural leaders have projected the world’s population will surpass nine billion by 2050,

But a committee formed by food and chemicals conglomerate DuPont has warned that high-tech seeds and innovations in chemicals and

and 10 billion by the turn of the century.

farming will not be enough to solve

And they have forecast that global food

looming food shortages. The report

production must jump 70 per cent or

stated that lagging public policy

more to meet demand.

Such dire warnings have

support for increased food

prompted a rush by investors

production, outdated and

and public and private groups

ineffective infrastructure, and a

to buy up agricultural land,

lack of cohesive efforts by public and private players were among

and have agriculture seed and

the many hurdles to increasing

chemical companies like DuPont

food production.

and its competitors rushing to

Africa and south and southeast

ISTOCK PHOTO

roll out higher-yielding seeds

Asia were pegged as key areas in

and more potent fertilisers and

need of cohesive development efforts.

herbicides.

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Observer The World

Top 10 WORLD’S HIGHEST-PAID ATHLETES (Earnings derived from salaries, bonuses, prize money, appearance fees, licensing and endorsement income in the 13 months ending 1 May 2011) Name

Sport

Age

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

Tiger Woods Kobe Bryant LeBron James Roger Federer Phil Mickelson David Beckham Cristiano Ronaldo Alex Rodriguez Michael Schumacher Lionel Messi

Golf Basketball Basketball Tennis Golf Soccer Soccer Baseball Racing Soccer

35 32 26 29 40 36 26 35 42 23

Earnings $75 $53 $48 $47 $46.5 $40 $38 $35 $34 $32.2

million million million million million million million million million million

TOP 10 CITIES WITH THE MOST BILLIONAIRES Rank

City

1.

2.

3.

4.

5.

6.

6.

8.

8.

8.

Moscow New York London Hong Kong Istanbul Mumbai (tie) São Paulo (tie) Taipei (tie) Los Angeles (tie) Beijing (tie)

No. of Billionaires

Total combined wealth

79 59 41 40 36 21 21 19 19 19

$375.3 billion $220.8 billion $164.3 billion $176.8 billion $60.5 billion $106.6 billion $84.8 billon $49.4 billion $44.3 billion $40 billion

GETTY IMAGES

Rank

Reid Hoffman, chairman and co-founder of LinkedIn Corp., second from left, and Jeffrey Weiner, chief executive officer of LinkedIn, centre, applaud during the opening bell ceremony at the New York Stock Exchange.

Tech Bubble in the Making?

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WORLD’S YOUNGEST BILLIONAIRES

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Rank Name

NetWorth ($) Age

Source

1.

2.

3.

2.7 billion 13.5 billion 2 billion

27 27 27

Facebook Facebook Diversified

3.1 1.6 4.1 1.5

28 29 29 30

Pipelines United States Facebook United States Real estate China Construction, Lebanon Investments Facebook United States Construction, Lebanon Investments Social Networking Japan

4.

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Dustin Moskovitz Mark Zuckerberg Albert von Thurn und Taxis Scott Duncan Eduardo Saverin Yang Huiyan Fahd Hariri

USA USA Germany

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31 33

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34

SOURCE: FORBES.COM

Country

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July 2011

17

Commentary

18

JOHN NAUGHTON

A Goodbye to TV and DVDs? G>P K>IHKM ?KHF

:

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© 2011 GUARDIAN NEWS SERVICE PHOTO: GETTY IMAGES

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20

MARIA SHARAPOVA’S

MARKETING

SAVVY

The world’s highest paid female athlete has made a fortune through endorsements. But her biggest aim is to become a brand, reports Eric Wilson.

Portfolio

Profile

21

July 2011

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“But it is her competitiveness off the court that has made for a more riveting match in recent years, as Sharapova fights for turf among those athletes who aspire to become brands.”

July 2011

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26

Scott Huffman and Amit Singhal, who work on search at Google, with a smart phone outside the Google headquarters in Mountain View, California. The search giant, which has most of the mobile search market, has been throwing its weight behind solving problems specific to phones to insure it stays on top.

Google

NO REST FOR

Google is already dominant in mobile searches, but it isn’t resting on its laurels as the company targets problems specific to cellphones, reports Claire Cain Miller.

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© 2011 NEW YORK TIMES NEWS SERVICE

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“Though Google makes Android software for phones, it does not make money from it directly because it gives it away to phone-makers.

Meanwhile, Apple makes money from its devices and from what appears on their screens, including its own ad network.”

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Osama Bedier, vice president of payments at Google, introduced the mobile payment service Google Wallet in May.

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Android, Google’s mobile operating system, could soon overtake Apple in numbers of users and applications. But Apple is still number one when it comes to profit.

Technology

27

Technology

28

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Google Goggles is a visual search tool that can recognise strong visual textures, but it still struggles in some areas. Google also has facial recognition software, but it is still working on the privacy implications.

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“Mobile searches spike during the lunch hour and evenings, when people are away from their computers. And while mobile users do search for simple things like weather and train times, engineers have been surprised at how many people also ask more complicated questions.”

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Employment

30

Andreia Soares earns $3,100 a month as a nanny. Seven years ago she only earned $400 and had to work six days a week.

Portfolio

31

UPWARDLY MOBILE NANNIES Brazil’s rapid economic growth is lifting every level of society. One group that has particularly benefited is nannies, who are now entering the growing middle class, reports Alexei Barrionuevo.

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© 2011 NEW YORK TIMES NEWS SERVICE

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GETTY IMAGES

32

Above: Brazil’s first female president, Dilma Rousseff, has had to tackle rising inflation as salaries have soared.

Top right: Brazilian nannies are demanding such high wages that some of them can afford to shop at Louis Vuitton.

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“Some well-paid nannies in São Paulo are employing nannies of their own. Soares said nanny friends earning more than $4,300 a month were paying less-qualified nannies a little over $900 a month to babysit for their own children.” a^ei ma^f _bg] phkd bg p^Zemab^k ahf^l%

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Portfolio

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Soares has invested in herself with specialised nanny courses and plans to take English lessons. As more nannies leave the profession, demand keeps rising.

Employment

33

34

GOLDMAN’S SCATTERED FLOCK An elite group of partners once controlled Goldman Sachs’ fortunes. But since becoming a public company in 1999, this powerbase has been eroded, reports Susanne Craig.

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Finance

35

The Goldman Diaspora

2011

Of the original 221 partners from 1999, only 39 are still with Goldman. The remaining 182 have dispersed into a broad range of roles, with many securing top spots in finance.

15 26

19

Corporate director/ executive Private investor/ retired

Education/ nonprofit

1999

100 Finance

221 Original Goldman Sachs partners

39 still at Goldman

11 Other

4 Sports management 3

4

Government/ politics

Multiple positions

BASED ON THE MOST RECENTLY AVAILABLE INFORMATION FOR THE ORIGINAL GOLDMAN PARTNERSHIP CLASS.

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GETTY IMAGES

Finance

36

Henry Paulson Jr (left), a former Goldman Sachs partner, served as the 74th United States Secretary of the Treasury.

“Until 2010, members all received the same base salary, most recently $600,000. They usually take home a disproportionate amount of the firm’s annual profits in the form of bonuses. Another perk: The firm prepares their taxes.”

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Linear-winding automatic movement, 18K red gold case with sapphire crystal sides and back.

Hand-engraved gold version of the ďŹ rst CORUM automatic baguette-shaped movement.

www.corum.ch

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Since becoming a public company in 1999, Goldman Sachs has faced more public scrutiny. In 2010 the company was accused of betting against the housing market at the expense of its own investors.

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Finance

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Lloyd Blankfein, chairman and CEO of Goldman Sachs

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“But even with the partnership losing power inside Goldman, its reach outside the firm is significant, spanning a cross section of financial firms, government agencies, non profits and sport management.”

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Boodles Wonderland | T: +44 (0)20 7437 5050 | www.boodles.com

Transportation

40

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Portfolio

41

CHINAâ&#x20AC;&#x2122;S WEAK LINK The export juggernaut earns China $1.5 trillion annually. But getting goods from factories to harbours relies on an inefficient trucking system, reports David Barboza.

July 2011

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Above and left: Thousands of small Chinese trucking companies are struggling with high petrol prices and cutthroat competition.

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Qi Zhenwei and his brother Qi Erwei borrowed $100,000 to buy a fleet of five trucks. So far, they haven’t made any money.

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Although China has good roads, many of them charge expensive tolls.

It costs more in China than the US to transport cargo per mile.

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Transportation

44

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Environment

46

Š 2011 NEW YORK TIMES NEWS SERVICE

A percentage of carbon emitted by the Mountaineer power plant is captured from the flues before being injected into dolomite rock far beneath the surface.

Portfolio

47

CARBON STORAGE Carbon capture and sequestration (CCS) is seen as an integral part of combating global warming.

Carbon capture has been happening for years, but now the sequestration part is finally under way, reports Matthew Wald.

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“The amount of pore space we’ll consume over 30 years would be on order of less than one per cent to a few per cent.”

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Environment

49

Above: This diagram illustrates how dormant carbon is mined in the form of coal, released into the atmosphere after it is burnt, and then captured and sequestered.

Right: It is estimated that 6.1 billion tonnes of carbon dioxide are released into the atmosphere annually.

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50

STRUGGLING WITH RAPID

GROWTH

The Indonesian economy is attracting foreign investment thanks to its rapid growth based on domestic consumption and commodities. But the countryâ&#x20AC;&#x2122;s strained infrastructure could curtail growth, reports Audrey Belford.

Indonesia

51

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© 2011 NEW YORK TIMES NEWS SERVICE

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52

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Above: The earthquake and tsunami in Japan have boosted Indonesia’s car production.

Right: Indonesia is the world’s third largest producer of rice.

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Congestion on Jakarta’s roads is estimated to cost the economy $1.5 billion annually.

Portfolio

Indonesia

53

GRAPHEAST

Motorcycle taxis, also known as ojeks, are thriving on Jakarta’s gridlocked streets.

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Pertamina is a government-owned corporation which extracts and refines Indonesia’s oil and gas reserves.

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`hbg` mh aZii^g'Ë ■

54

ORGANIC GROWTH LEADS TO DEALS The market for organic food kept growing during the recession, albeit at a slower pace. That has set the scene for some mergers and acquisitions in the sector, reports Matthew Saltmarsh. fZgZ`^ \Zk^_neer Zgr `khpma mh fZbgmZbg

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© 2011 NEW YORK TIMES NEWS SERVICE

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Portfolio

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July 2011

Agriculture

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Media

56

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© 2011 NEW YORK TIMES NEWS SERVICE

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SMALLER STUDIOS, FOR THE SMALLER SCREEN Several production houses have sprung up that take a professional approach to making YouTube videos. The idea is to compete with video-streaming services like Netflix and Hulu, reports Claire Cain Miller.

Portfolio

57

Small production houses are making high-quality content for YouTube. Instead of heading to television and movies, many young actors are now focused primarily on the web.

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July 2011

58

From left: Dan Zappin, Lisa Donovan and Ben Donovan, the founders of Maker Studio, where they make high quality videos for YouTube in Culver City, California.

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“The videos these studios produce are mainly sketch comedy, how-to lessons and video-game tutorials.

But it is only a matter of time before long-form videos and episodic dramas appear online, video producers say.

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Mary Gutfleisch works in the wardrobe and costume department at Maker Studios. Access to costumes and professional camera equipment is boosting the quality of web videos.

July 2011

Media

59

61

Essentials

THE BEST OF LEISURE AND LIFESTYLE

LONDON LUXURY In the wake of the Royal Wedding and with the Olympics fast approaching, the city of London is basking under a global spotlight.

Nick Rice recommends some perfect places to luxuriate at next time you visit.

July 2011

Exotic orientalism meets romantic traditional stylings in the Langham's Artesian bar.

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l^ZlhgZe \hhdbg`%

Renowned for being the birthplace of the afternoon tea tradition, The Palm Court still opens its doors to the cream of London society.

The Langham, built in 1865, was the first of Europe’s ‘Grand Hotels’.

Portfolio

Essentials Travel Rhn \Zg pZed h__ lhf^ h_ ma^ bg]ne`^g\^ Zm ma^ g^Zk[r L^e_kb]`^l% hg^ h_ ma^ phke]Íl [^lm ]^iZkmf^gm lmhk^l' Ma^ g^p lah^ ]^iZkmf^gm Zehg^ bl phkma ma^ mkbi' B_ rhn g^^] Z jnb\d lgZ\d ma^ p^ee&Ziihbgm^] [Zk Zg] k^lmZnkZgm% :n[Zbg^% bl eh\Zm^] bg ma^ fb]lm h_ ma^ mahnlZg]l h_ lah^l' :_m^k lahiibg` rhn \Zg ieZg _hk Zg ^o^gbg` h_ ma^ _bg^lm :lbZg \nblbg^ bg FZr_Zbk pbma ma^ Fb\a^ebg&lmZk himbhgl h_ Gh[n Zg] AZddZlZg È [hma pbmabg \ehl^ ikhqbfbmr' Gh[n Ehg]hg pZl ma^ _bklm hi^gbg` bg >nkhi^ _hk ma^ hpg^kl% \^e^[kZm^] CZiZg^l^ \a^_ Gh[n FZmlnablZ Zg] Z\mhk Kh[^km =^ Gbkh' >gm^kbg` _khf He] IZkd EZg^% ma^ `khng] _ehhk _^Zmnk^l Z lmnggbg`% _nmnkblmb\ [Zk pbma Z _Zl\bgZmbg` mk^^ l\neimnk^ Zg] ma^ _bklm _ehhk ]bgbg` khhf aZl lmnggbg` ob^pl Z\khll Ar]^ IZkd' Ma^ bgghoZmbo^ Ìg^p lmre^Í CZiZg^l^ \nblbg^ bl hnmlmZg]bg` Zg] p^ \Zg a^Zkmber

Babbo, a new Italian restaurant in Mayfair, has won several awards in the restaurant industry and garnered much word of mouth praise.

Aubaine is a stylish French bistro located within the new shoe department at Selfridges on Oxford Street.

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Following on from the huge success of the original Hakkasan in Hanway Place, the restaurant in Mayfair continues to set the standard for modern Chinese cuisine in London.

The Bar at 108 Marylebone Bar and Restaurant is a favoured venue in the district and a perfect contemporary setting for lunch or dinner.

The Lancaster London offers superb suites and some of the best views in the city. It is just a few minutes walk from Oxford Street.

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LmZrbg` bg ma^ FZr_Zbk Zk^Z [nm \aZg`bg`

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ma^ lZlabfb lZeZ] pbma FZmlnablZ ]k^llbg`'

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B_ rhn Zk^ bg ma^ fhh] _hk <abg^l^

Oxford Street is one of the world’s most famous shopping streets.

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\nblbg^% ma^g ma^ l^\hg] ND [kZg\a h_

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f^gn bl _bee^] pbma mZgmZeblbg` \k^Zmbhgl

;Z[[hÍl bl hg^ h_ mahl^ _eZpe^ll l^\k^ml rhn

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ln\a Zl ma^ ÌFhgd cnfil ho^k ma^ pZeeÍ

ebd^ mh d^^i mh rhnkl^e_% [nm ma^ l^\k^m \ZgÍm

hg nlbg` ZpZk]&pbggbg` eh\Ze ZkmblZgZe

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hger +) fbgnm^l _khf A^Zmakhp Zbkihkm' Portfolio

Essentials Travel Bm aZl Zee ma^ Zf^gbmb^l Zgr oblbmhk phne]

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^qi^\m% ienl hg^ iZkmb\neZk mabg` _hk pab\a

phg]^k_ne himbhgl _hk Z Ehg]hg lmZr% fZgr

bffZ\neZm^er fZbgmZbg^] pbma +-&ahnk

ma^ EZg\Zlm^k Ehg]hg bl ngkboZee^] È ma^

oblbmhkl Ziik^\bZm^ ma^ \k^Zmnk^ \hf_hkml

l^\nkbmr Zg] l^kob\^ lmZ__'

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?hk oblbml h_ Z p^^d% hk _hk fhgmal Zm Z

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Cheval Residences Thorney Court offers two and three-bedroom apartments with stunning views over Kensington Gardens and decorated in the traditional English elegant style.

ebd^ mh bff^kl^ rhnkl^e_ bg% ma^g rhn \hne] lmZr bg ma^ o^kr khhf maZm Hl\Zk Pbe]^ pZl Zkk^lm^] bg Zm ma^ <Z]h`Zg Ahm^e% Zg] ]bg^ bg EZg`mkrÍl k^lmZnkZgm' Ebeeb^ EZg`mkr pZl ma^ _Zfhnl Z\mk^ll Zg] *2ma \^gmnkr Ehg]hg lh\bZebm^ pah pZl bg_Zfhnl _hk a^k k^eZmbhglabi pbma ma^ _nmnk^ dbg` h_ >g`eZg]% >]pZk] OBB' Pa^k^o^k rhn ]^\b]^ mh lmZr% Ehg]hg aZl lhf^mabg` _hk ^o^krhg^ Zg] rhn \Zg The award winning K West Hotel & Spa in West Kensington offers an array of first rate treatments.

July 2011

mZbehk rhnk lmZr mh i^k_^\mbhg' Cnlm [^pZk^ h_ ma^ knla' ■

65

66

Essentials

Art

I

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Portfolio

67

Ceramics With Flair The Italian city of Faenza is famous for its ceramics, which are still handmade the traditional way by artisans, reports Martin Gani.

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Among the earliest Faenza majolica motifs are delicate vine leaves that leave a lot of white space.

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Essentials

Art

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“The wealthy around Europe, including Spain, sought after Faenza majolica and faience made it into the dictionaries.”

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Faenza majolica is still handmade and all the motifs are carefully applied by artists such as Jacopo Vitali.

bm bgmh ma^ ]b\mbhgZkb^l' Bg ma^ *1))l <abg^l^ \^kZfb\l Zkkbo^] bg >nkhi^% k^lnembg` bg BmZebZg Zg] hma^k >nkhi^Zg \^kZfb\ fZd^kl bfbmZmbg` ma^ _Zfhnl [en^ ]^\hkZmbhgl eh\Zeer' MhpZk]l ma^ ^g] h_ ma^ *2ma \^gmnkr% Z_m^k /)) r^Zkl h_ ln\\^ll% ma^ Zkm h_ ?Z^gs^ fZcheb\Z [^`Zg ]^\ebgbg` Zg] fZgr phkdlahil \ehl^] ]hpg' <^kZfb\ fZd^k @Z^mZgh ;ZeeZk]bgb lm^ii^] bg% ngbm^] ma^ ZkmblZgl mh \hee^\mbo^er k^lblm ma^ \^kZfb\ \kblbl% Zg] bg *2)1 a^ hi^g^] Z fnl^nf ikhn]er ]blieZrbg` ma^ [^lm h_ ?Z^gs^ _khf ma^ Fb]]e^ :`^l hgpZk]l' Ma^ fnl^nf \ZmZerl^] ma^ k^[bkma h_ mabl \^gmnkb^l&he] mkZ]bmbhg' Lbg\^ ma^g ma^ ^qab[bml aZo^ `khpg mh bg\en]^ Z oZlm kZg`^ h_ ]h\nf^gml% \^kZfb\l Zg] fZcheb\Z _khf Zkhng] ma^ phke] bg\en]bg`

The museum in Faenze displays ceramics from the Middle Ages onwards. These bowls are done in the Raphael style.

ik^&<henf[bZg pZk^l% \eZllb\Ze @k^^d Zg] KhfZg% Zl p^ee Zl Fb]]e^ Zg] ?Zk&>Zlm^kg lZfie^l ^qab[bm^] Zehg`lb]^ BmZebZg fZlm^kib^\^l

ObmZeb bl d^^g mh ihbgm hnm ma^ aZeefZkdl h_ ?Z^gsZ fZcheb\Z fhmb_l makhn`a ma^ Z`^l' Ê>Zkeb^lm fhmb_l Zk^ dghpg Zl ma^ KZiaZ^e lmre^ pbma gn]^l% Zg`^el% l^k^g^

lmZkmbg` bg ma^ K^gZbllZg\^' : l^\mbhg mh]Zr Zelh ]blieZrl \hgm^fihkZkr \^kZfb\l' M^fihkZkr ^qab[bmbhgl Zk^ Zelh a^e] h_ _Zfhnl Zkmblml ebd^ Ib\Zllh% FZmbll^% <aZ`Zee% ChZg Fbk % :e[^kmh ;nkkb Zg] ?hgmZgZ pah iZbgm^] hg fZcheb\Z'

Not all Faenza motifs are traditional. The artwork keeps evolving as exhibited by these contemporary objects.

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“Faenze majolica has a wide price range. A mug with leafy decorations retails for around €45.” fhk^ ]^eb\Zm^ ]^\hkZmbhgl pbma Z eZk`^ pabm^ [Z\d`khng] [^\Zf^ _ZlabhgZ[e^' Ma^ ^Zker +)ma \^gmnkr lZp ma^ ZkkboZe h_ ihf^`kZgZm^&`he] \hf[bgZmbhgl maZm bgmkb\Zm^er ]^\hkZm^] ma^ fZcheb\Z pZk^l pbma ]Zkd _ehkZe fhmb_l e^Zobg` ebmme^ pabm^ liZ\^' Ma^ ihf^`kZgZm^ fhmb_ pZl ihineZk Zl bm bl Z lrf[he h_ ikhli^kbmr Zg] Z[ng]Zg\^' :iierbg` `he] k^jnbk^l Z mabk] \hhdbg` Zm ehp^k m^fi^kZmnk^l% [^mp^^g 0)) È 1+) <'Ë ?Z^gs^ fZcheb\Z aZl Z pb]^ ikb\^ kZg`^' : fn` pbma e^Z_r ]^\hkZmbhgl k^mZbel _hk Zkhng] Ó-.% bml Ó*)) _hk Z Ì\hfi^g]bZkbh& lmre^Í [hpe ,) \^gmbf^mk^l Z\khll% Ó*,) _hk Z ,)&\^gmbf^mk^&mZee oZl^ [^Zkbg` ihf^`kZgZm^&`he] fhmb_l% Zg] Z[hnm Ó*%))) _hk Z ++&ib^\^ ]bgg^k l^m pbma \ZkgZmbhg fhmb_l' O^kr ebmme^ fh]^kg m^\agheh`r `h^l bgmh fZdbg` ?Z^gsZ fZcheb\Z' ÊP^ ghp nl^ ^e^\mkb\ ihp^k mh mnkg ma^ pa^^e%Ë lZrl ObmZeb Ê[nm Zee ma^ k^lm bl lmbee aZg]fZ]^' Ma^ ]^\hkZmbhgl Zk^ Zelh mkZ]bmbhgZe fhmb_l' Ahp^o^k% b_ Z \eb^gm bl bgm^k^lm^] bg lhf^mabg` Faenze, despite being a small town, has managed to keep thriving thanks to its century-old ceramics industry.

li^\bZe% ma^g Zm ma^ ieZggbg` lmZ`^ \hfinm^kl fZr [^ nl^] mh l^e^\m ma^ laZi^l% fhmb_l Zg] ik^l^gm ma^ _bgZe ikh]n\m' EZm^er lhf^ h_ nl aZo^ [^`ng ikbgmbg` \hfiZgr eh`hl hk

ihkmkZbml% obg^ e^Zo^l% _ehp^kl Zg] eZg]l\Zi^l' Cnlm

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fZcheb\Z nlbg` \hfinm^k m^\agheh`r% [nm Zee

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ma^ ]^\hkZmbhg bl lmbee ]hg^ ma^ aZk] pZr%

\bk\e^] [r Z _ehkZe \aZbg pbma Z ehm h_ ^fimr pabm^

[r aZg]'Ë ■

liZ\^ k^fZbgbg`' Ma^ iZef% i^Z\h\d _^Zma^kl Zg] ZgbfZe fhmb_l Zk^ Zelh \hffhg% ma^r mhh ]Zm^ [Z\d mh ma^ */ma \^gmnkr' MhpZk]l ma^ ^g] h_ ma^ *2ma \^gmnkr ma^ lmrebl^] \ZkgZmbhg fhmb_l p^k^ bgo^gm^] bg ?Z^gsZ Zg] July 2011

This vase and bowl are decorated in the pomegranategold combinations that became popular in the early 20th century.

Essentials

70

Technology

SONGKICK SITE TARGETS MUSIC FANS

GETTY IMAGES

Live music is one of the few segments of the music industry that is experiencing continued growth. Songkick is exploiting a gap in this market by creating a personalised experience for concert fans, reports Ben Sisario.

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71

F

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© 2011 NEW YORK TIMES NEWS SERVICE

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Songkick, which started in 2007, allows music fans to keep track of when and where their favourite bands are playing. Users also get email alerts and can post concert reviews.

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Technology

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Pollstar, a Songkick competitor, is a concert industry trade publication that also has a huge internet database.

Portfolio

Essentials Technology Ian Hogarth, the CEO of Songkick, started the site with two friends who shared his frustration at finding concert information.

“Songkick gets listings information from promoters and ticket services, but also has its computers trawl for it around the web; last year Pollstar planted some dummy listings and saw them turn up on Songkick.”

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July 2011

73

Essentials

74

Cuisine

A Taste of India Ron Levy was an artist when he was asked to build his first tandoor, a type of Indian oven. Since then he has built hundreds more and created a successful business, reports Steven Raichlen.

R

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mZg]hhkl È Bg]bZg \eZr \hhdbg` o^ll^el maZm Zk^ iZkm ho^g Zg] iZkm [Zk[^\n^ ibm È ngmbe *21/% pa^g Z G^p Rhkd `Zee^kr ^qab[bm^] *'1&f^mk^ ihml a^ aZ] fZ]^% bglibk^] [r ZfiahkZ^ hg <k^m^' : fZg pbma Zg Bg]bZg Z\\^gm \Zee^]% phg]^kbg` pa^ma^k E^or% Z \^kZfb\ Zkmblm% \hne] fZd^ Z eZk`^ ihm pbma Z mZi^k^] fhnma% gh [hmmhf Zg] gh `eZs^3 Z mZg]hhk' :_m^k bm pZl bglmZee^] Zm Z G^p Rhkd k^lmZnkZgm \Zee^] Bg]bZg Ho^g% phk] lik^Z] makhn`a ma^ Bg]bZg \hffngbmr% Zg] hk]^kl [^`Zg mh ibe^ ni' ÊBm \Zf^ mh ma^ ihbgm pa^k^ B aZ] mh lmhi ]hbg` fr \^kZfb\ Zkmphkd Zg] _h\nl hg mZg]hhkl _nee mbf^%Ë E^or% /,% k^\Zee^]'

© 2011 NEW YORK TIMES NEWS SERVICE

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Ron Levy improved on the centuries-old tandoor oven by using new materials that made it more durable.

Portfolio

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Naan, a type of flatbread, is cooked on the walls of the tandoor. Meat is cooked on skewers. The tandoor’s high temperatures leave meat very succulent.

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“In spite of its ancient origins and utter simplicity, the tandoor produces startlingly sophisticated results, including smokey flatbreads that puff like pillows, and roasted meats of uncommon succulence.”

Tandoor cooked naan with mushrooms is one of the delicacies served by Bukhara Grill in New York. Levy has made tandoors for numerous top restaurants.

Portfolio

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Levy's latest invention is the homdoor, a tandoor that is light and portable enough to be used in a backyard.

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“Levy developed his home tandoor to be small and portable enough to use in a backyard, yet big enough to cook for a large family.” ;^\Znl^ h_ bml ]^lb`g È Z o^gm Zm ma^

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July 2011

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78

Environment

THE COST OF MALARIA Malaria is Africa’s biggest killer and a huge burden on economies. The Ugandan government used chemical insecticides to tackle the scourge, but that also caused problems, reports Josh Kron. ;HL<H :<HI> P:L : L>E?&F:=>

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© 2011 NEW YORK TIMES NEWS SERVICE

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Bosco Acope, a farmer in the Ugandan village of Atek, lost a large part of his income after DDT was sprayed in his home district.

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Essentials Environment

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REUTERS

Malaria kills 2,000 children in Africa each day and costs the economy $12.5 billion annually.

Portfolio

Essentials Environment

Acope made a good living from organic farming, but he lost his certification after DDT was sprayed. It will take 15 years for the DDT to wear off.

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Numerous charities, supported by celebrities such as UK DJ Chris Moyles, concentrate on supplying free mosquito nets. The nets are effective in lowering malaria infection rates.

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“The organic-farming companies sued the Ugandan government after the first rounds of spraying, and a high court issued a temporary injunction on the use of DDT in 2008, but the case was later dismissed.”

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Health

Maio Yuqiang pushes his mother, Qui Jinzhen, who suffers from dementia, at Shanghai No. 3 Elderly Home in Shanghai, China

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Within three decades there could be 400 million people over the age of 60 in China, which means that diseases such as Alzheimer’s and dementia will become more common, reports David Barboza.

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83

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China is worried about the 4-2-1 problem. In part because of the one child policy, a single person will soon be expected to support two parents and four grandparents, which has severe implications for health care.

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“To cope with a severe shortage of nursing homes, Shanghai is proposing what it calls the 90-7-3 plan, which means 90 per cent of the elderly will need to be cared for at home, while seven per cent make occasional visits to a community centre and three per cent live in nursing homes.”

84

Essentials

Health

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The Shanghai No. 3 Elderly Home in Shanghai is China’s first care facility to specialise in patients suffering from dementia and Alzheimer’s.

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86

Essentials

Test Drive

MEAN LEXUS MACHINE The Lexus IS F is a four-door sport sedan that was born at Japan’s Fuji speedway, home to Lexus’ high-performance vehicle development. And perform it does, reports Guido Duken.

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87

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Yukihiko Yaguchi was so keen to create a premium sport sedan that he worked on it covertly with fellow engineers. The end result was the first Lexus IS F in 2008.

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The interior maintains a good balance between high performance and comfort. The front sport seats are incredibly comfortable in true Lexus style.

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The IS F’s stacked exhausts may not be to everybody’s liking, but they do convey a subtle sense of menace and power.

July 2011

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Essentials

Other Business

Affordable Rocket for One

No Tap Shoes for North Korea

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high-quality tap-dancing shoes was blocked at Orio al Serio

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Airport (Milan),” said the report by the UN Panel of Experts, which

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monitors compliance with UN sanctions against North Korea.

Italy recently foiled an attempt by North Korea to import tapdancing shoes in breach of a United Nations ban on the sale of luxury goods to Pyongyang. “In December 2010, a shipment of

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The UN imposed two rounds of sanctions on Pyongyang for

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its 2006 and 2009 nuclear tests, which ban the sale of luxury

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items to Kim Jong-il’s government. Pyongyang was also hit with

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an arms embargo and is forbidden from trading in nuclear and

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missile technology.

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Italy has seized other banned luxury items the leaders of

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impoverished North Korea unsuccessfully attempted to purchase

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in recent years, including high-quality cognac and whiskey worth

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€12,000 ($17,250) and equipment for a 1,000-person cinema.

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A UN diplomat said it was not yet clear how the tap shoes

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might fit into North Korean leader Kim Jong-il’s lavish lifestyle.

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One Tough Alligator

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GETTY IMAGES

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Photo : Michael Furman. Design : Philippe Apeloig.

MASTERPIECES FROM THE R ALPH L AUREN CO L L E C T I O N

28 APRIL – 28 AUGUST 20I I LES ARTS DECORATIFS 107 RUE DE RIVOLI PA R I S 1 E R

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