BusinessNews 15
THE IRISH TIMES
Saturday, September 2 , 2017
Business comment
Cantillon
Fed in a bind on direction of interest rates
The US economy delivered 156,000 new
jobs in August. Its not a poor figure but
its lower than the 180,000 expected by
Wall Street in the closely watched nonfarm payrolls, and does represent a
slowdown in what had been a bullish pace
of growth in employment for the first time
in several months. The figure for July was
also revised down to 189,000 from an
original reading of 209,000.
All that means that the unemployment
rate edged higher, to 4.4 per cent from 4.3
per cent previously.
Stepping back from the headlines, that
still points to a strong economy on the jobs
front. And it should be noted that August
has been a bit of an outlier in recent times,
with the announced figures undershooting median forecasts in each of the past
seven years.
Of more concern is the stubbornly low
rate of wage inflation just 2.5 per cent up
year-on-year.
Thats the figure that has the Fed
carefully considering if this is, after all, the
right time to start increasing interest
rates. Central bankers are looking for a fix
on why exactly a jobs market that is close
to full employment is still struggling to
push up wages.
And while it is certainly not yet a
problem for President Donald Trump
never a man to claim credit for good news
on the economy the failure of his core
support base to secure the feel-good factor
of higher wages runs the risk of alienating
those voters who delivered him the White
House.
For the Fed, a separate concern is that
the disruptive impact of Hurricane
Harvey is going to start to feed into the
figures over the next few months, making
it harder again to get an accurate reading
on the true employment trends in the
economy. And by the time that volatility
finishes working its way through the
system, the moment for moving on rates
may have passed, creating further hazard
for economic growth as midterm elections
loom.
CentralBank scalesback planned
rulesfollowing bankerlobbying
Regulator wanted bank workers to gain six
months experience on financial products
Newminimum competencyrequirements
aredesigned toreflectEuropean Union rules
JOE BRENNAN
The Central Bank has backed
away from plans to force bank
workers to gain at least six
months supervised experience
for each financial product they
may be involved in, following
lobbying from the industry.
The regulator outlined new
rules on minimum competency
requirements yesterday for fi-
nancial firms dealing with customers, having put its current
code, introduced in 2011, out to
consultation last November.
The requirements, which
take effect from January 3rd
next year, are designed to reflect existing and incoming European Union rules, including
guidelines from the European
Securities and Market Authority for knowledge and compe-
tence surrounding complex investment products under the
Markets in Financial Instruments Directive II, which also
comes into force in January.
As reported by The Irish
Times in early July, the Banking
and Payments Federation Ireland said in a submission to the
Central Bank that the original
plan for bank staff to gain at
least six months supervised experience for each financial project would deter banks coming
into the market in the Brexit exodus and lead to a range of unintended consequences.
Based on a literal interpretation of the proposal, in order
for an individual to meet the
minimum standards for all
[eight] retail financial products
covered by MMC [minimum
competency code], that person
would need to work under supervision for a period of four
years, the submission said.
However, this requirement
did not feature in the final
rules, published by the Central
Bank yesterday.
Instead the bank said firms
must ensure a person performing a relevant function on its behalf has obtained the competence and skills appropriate to
the relevant function, through
experience or training gained
in an employment context.
The incoming rules also
place a requirement for at least
one key staff member involved in the design of a retail financial product to meet a prescribed standard of minimum
competency. They also specify
that board members of a mortgage credit intermediary undergo six hours of continuous professional development each
year, while companies also carry out an annual review of staff
members development and experience needs.
Asked how the final rules differ to the original plan, a spokeswoman for the regulator said:
The Central Bank regularly
publishes consultation papers
with a view of seeking submissions and feedback from interested parties. All submissions
received in response to consultations by the Central Bank are
reviewed thoroughly and considered and, where appropriate, amendments can be made
to proposals based on these submissions.
Fyffes
takeover
triggers
32m fees
and bonus
bonanza
JOE BRENNAN
RTÉ/TV3need somelove from advertisers
It has been a fortnight of television season
launches, with a blitz of celebrity and
executive smiles from the grass at Montrose (RTÉ) and the steps of the National
Concert Hall (TV3). But away from the
posing, the speeches and the preview
videos, sober financial news reports depict
less happy scenes.
It has not been the prettiest of years in
the advertising market, and free-to-air
broadcasters across Europe are feeling
the fallout.
To recap: shares in WPP, the worlds
largest advertising group, fell sharply last
week after it was obliged to cut its sales
target for the second time in six months.
The reason? Curbs on marketing spending
by consumer goods giants such as Unilever, Nestlé and Procter & Gamble triggered by weak global economic growth
and local nightmares such as Brexit.
This week it was the turn of German
broadcaster ProSiebenSat.1, home of
Germanys Next Top Model, to see its
share price plunge (to a four-year low)
after it warned that television advertising
revenues would decline in the third
quarter it had already cut its advertising
outlook twice this year.
ITV, the owner of the UTV channel in
Northern Ireland, is one of the larger
Quote of the day
Were a landlord who
rents properties with
the option to sell.
Ben Hoey, co-founder of
Homeoptions, which will offer
a five-year path to home ownership for people unable to secure a regular mortgage
companies exposed to both the cyclical
winds and structural trends in the advertising market. Earlier this year, it was talking
about a marked decline.
Likewise, TV3 Group secures almost all
of its revenue from advertising with no
public funding to prop it up. If you think
Brexit affects RTÉ, let me say Brexit is
having twice the effect on TV3, said TV3
managing director Pat Kiely ahead of the
broadcasters season launch.
Luring an audience to big productions
such as Irelands Got Talent is only part of
the battle the other part involves persuading mass-market advertisers that this
television audience is one worth chasing
even when theyre in general retrenchment mode.
Virgin Media-owned TV3 has noted the
appearance of some green shoots, while
some of the big household goods companies, notably Procter & Gamble, have
pulled back on their enthusiasm for digital
advertising. But both Virgins welcome
investment in TV3, and RTÉs cost-cutting
voluntary exit scheme are taking place at a
time when the sands are shifting. Broadcasters need the ad market to come good
sooner rather than later to protect their
content budgets and avoid succumbing to
a vicious circle of decline.
Number of the day
1.5bn
The value put on Dundrum Town Centre
by its new owners, UK property group
Hammerson and German insurer Allianz,
as they refinanced the retail centre.
Healthinsurancemarketin convalescence
The recovering health cover sector, slowly
but consistently regaining its strength,
will leave insurance companies feeling a
lot better.
Go back almost a decade to the lugubrious days of 2009 and you may recall all
manner of self-inflicted spending cuts
among those attempting to navigate the
choppy wake of the financial collapse.
Consumers, according to an Irish Times
poll of the day, ruthlessly slashed medication spending, GP visits, home heating,
electricity, newspapers and, yes, health
insurance.
Towards the end of that year, policies
fell away at a rate of about 10 per cent. In a
report to the Department of Health, the
regulating Health Insurance Authority
(HIA) said the numbers were continuing
to fall, although they were still at
2,278,000.
While then minister for health Mary
Harney attempted to play down the early
symptoms of market exodus, the HIA told
her department the drop-off was likely to
accelerate.
It is very probable that the economic
crisis and the resulting major fall in
employment will lead to a fall in numbers
with health insurance, even allowing for
intense marketing activity and other
determining factors, it said.
This was not what Harney, nor indeed
the insurance companies, wanted to hear,
but the economic landscape became
increasingly forlorn.
By the end of June 2010 there were 2.23
million health insurance subscribers, a
reduction of 10,000 on the figures for the
previous three months. The HIA said
about 40,000 fewer people were covered
than at the same period in 2009.
By 2010 and 2011 the numbers of
insured were at about 2.2 million and 2.16
million respectively. In 2014 a malnourished sector reached the nadir of its health
when just 2.025 million people held
policies.
Today, the market is feeling much
better. The HIA annual report for 2016
showed an increase of 30,000 policy
holders, and two straight years of growth.
During the recession there was a
notable decrease in the numbers insured
in the young adult cohorts, said Don
Gallagher, HIA chief executive.
However this trend has reversed in the
last two years due to growth in employment and an associated reduction in net
emigration.
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36m boost from Electric Picnic
COLIN GLEESON
Businesses in Stradbally, Co
Laois, are bracing themselves
as 55,000 revellers descend on
the town for this weekends
Electric Picnic festival which
will be worth tens of millions of
euro to the economy.
Festival Republic, the company behind Electric Picnic, commissioned a study after last
years festival which found the
total net economic impact of
the weekend was around 36
million.
The two main components
were spending by people at the
festival, and expenditure by organisers in producing the festival. It found 11 million was
spent on site by revellers, who
spent a further 15 million
off-site. Approximately 25 per
cent of the spend was in Stradbally village, while the remainder was on the festival site.
Festival Republic spent an
additional 10 million on suppliers and contractors as well as
payroll staff, giving a direct
spend of 36 million.
In Laois and surrounding areas (excluding Stradbally) the
economic impact was found to
be worth more than 4 million,
while in the wider Leinster region it amounted to more than
25 million.
This year the economic benefits to the region are likely to be
even higher as festival organisers facilitated Thursday night
camping for 5,000 people. Its
the first time weve done that,
and Stradbally was absolutely
rammed last night, said a festival spokeswoman.
Richard Dunne, owner of
Dunnes Bar and Lounge in
Stradbally, said it would be a
bumper weekend. It was very
busy around the town last night
because of this new scheme
Enjoying Electric Picnic
2017 in Stradbally.
PHOTOGRAPH: DAVE MEEHAN
where people could come into
the campsite early. There were
no events in the festival so the
lot of them came out into the
town. Crowds come out for the
sport on Sunday as well. There
are no Premiership matches
on, but the All-Ireland will fill
the pub. Well have a marquee
up out the back. It will be
packed until an hour or so after
the match and then everyone
will go back in.
Briefs
Restructuring
Broadband
Glanbia Co-op transfers 92m of
Glanbia plc shares to members
Glanbia Co-op has transferred
92 million worth of Glanbia
plc shares to more than 14,700
members via a spin-out.
The transaction is aimed at
releasing a portion of the
value of Glanbia Co-op and
making it available to members at a time of significant
investment on their farms,
the co-op said.
Following the completion of
the spin-out, Glanbia Co-op
will remain the largest
individual shareholder in
Glanbia plc, with 31.5 per cent
of the issued share capital.
This shareholding is valued at
approximately 1.5 billion.
Glanbia Co-op chairman
Henry Corbally said the the
completion of the spin-out
process represents the
substantial completion of a
wide ranging set of proposals
which were overwhelmingly
approved by eligible Glanbia
Co-op members. In addition
to the share spin-out, members approved the creation of
Glanbia Ireland through the
acquisition of 60 per cent of
Dairy Ireland, he said.
COLIN GLEESON
Energy
Viridian eyes move to slash
45m interest bill
Belfast-based energy group
Viridian bought back a tenth
of its 600 million of high-cost
bonds this week and signalled
that it is considering taking
advantage of favourable
markets to refinance the
remaining notes to slash its
interest bill.
The debt carries a 7.5 per
cent interest rate, or coupon,
equating to 45 million a year.
The companys move to
redeem bonds is in line with
the terms of the debt documents, which allow Viridian,
owner of Energia and Power
NI, to buy back this amount
annually. However, Viridian
also passed a milestone
yesterday where it can exercise an option for early
redemption of the remainder
of the debt, which is ordinarily
not due to mature until 2020.
Meanwhile, Viridian
reported operating profits of
£28.8 million (31.4 million)
for the three months to June,
its first fiscal quarter, compared to £28.8 million for the
same period last year, according to its latest financial
report, published during the
week. Revenue for the quarter
rose to £314.7 million from
£286.7 million.
Last month, ratings agency
Moodys raised its view on
Viridians creditworthiness to
positive from stable, as it
ramps up its energy generation from wind farms.
JOEBRENNAN
Niall Quinn business looks
to appoint liquidator
A broadband business
owned by former footballer Niall Quinn has called a
meeting of creditors with
the aim of appointing a
liquidator.
Alphasat Communications had a shareholder
deficit of over 2.8 million
in the last set of accounts
filed with the companies
office in October 2015.
At that time the company had creditors to the
tune of over 3.5 million.
Some 1.4 million was
owed to the companys
parent company, Q-Sat
Holdings, of which Mr
Quinn and his wife Gillian
Quinn are also directors.
Another 1 million was
owed to one of the companys ultimate shareholders, Maxillian, a British
Virgin Islands vehicle
owned by a group of Irish
and international investors. It is not clear if either
of these sums are still
outstanding. Commenting
on the health of the
company in 2014, Mr
Quinn told the Irish
Examiner newspaper that
he was pretty certain that
the business will record a
decent profit in 2014.
The former Irish
footballer did not immediately respond to a request
for comment from The
Irish Times.
Mr Quinns Q-Sat was
embroiled in an almost £1
million financial dispute
earlier this year with listed
British satellite company
Avanti Communications.
Q-Sat bought bandwidth from Avanti and
used this to provide
broadband services to
more than 3,000 households in rural Ireland,
targeting hard-to-reach
areas with limited access
to other forms of broadband.
PETER HAMILTON
Fyffess profits dropped last
year as the tropical fruits distributor booked a charge of almost 32 million for advisers fees, management bonuses and share option conversions relating to its recent
takeover by Japans Sumitomo Corporation.
Net profit at the Dublin-based company fell by almost 60 per cent to 11 million, according to accounts recently filed for the now limited company with the Companies Registration Office.
However, adjusted earnings before interest, tax and
amortisation rose by 9.3 per
cent during the period to
50.1 million. That was towards the lower end of the
companys most up-to-date
guidance before it announced the takeover last December.
The earnings were boosted by the groups foray into
the mushroom business
through its acquisitions in
2016 of Canadian companies
Highline Produce and All Seasons Mushrooms for a combined 140 million.
Sumitomo completed its
751 million takeover of
1.4bn
Fyffes revenue last year
up from 1.2 billion in 2015
Fyffes in February, ending
the companys 35 years as a
Dublin-listed company.
It resulted in a 87.5 million payment for a 12 per cent
stake held by the family of executive chairman David McCann, whose grandfather,
Charles, laid the foundations
for the group when he
opened a fruit-and-vegetable
shop in Dundalk in 1902.
Documents published late
last year in relation to the
takeover showed that Mr McCann and other executive directors, who have remained
with the business, were entitled to as much as 3 million
in bonus payments in relation to the deal.
The group has accrued total costs amounting to 31.9
million, including professional and advisory fees, various
bonus and incentive payments to management in
2017, payment of which is
subject to the passage of
time, and the acceleration of
share options expenses
which would have been recognised in 2017 and 2018,
Fyffes said in the financial report.
A spokesman declined to
give a breakdown of the various fees. However, he confirmed that the professional
and advisory fees related solely to expenses incurred by
Fyffes during the transaction, with the wider Sumitomo Corporation absorbing
the Japanese groups costs.
Fyffes financial advisors
on the deal were Lazard and
Davy. Its annual report lists
solicitor firms Arthur Cox in
Dublin, King & Wood
Mallesons in London and Holland & Knight in Florida as its
legal advisers.
The financial results show
that Fyffes total revenue, including the share of joint ventures, rose to 1.4 billion last
year from 1.2 billion in 2015.
The companys net debt
stood at 138.9 million at the
end of last December.
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14 THE IRISH TIMES Saturday, September 2 , 2017 BusinessToday ISEQ6,709.23+88.04 FTSE7,438.50+7.88 DOW21,987.56+39.46 EURO£0.9152/$1.1869 Start-up wants to get bank of mum and dad lending to first-time buyers Homeoptions offers rent-to-mortgage scheme for those locked out of market Were a landlo
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COVER INTERVIEW Olivers twist Having left school at 16, Jamie Oliver now has restaurants all over the world, a TV production company and a charitable foundation. Money is not his motivator, he says, but with his business recently taking a 100m hit, he sees a new path for the next decade, he tells M
properly. After Christmas, Oliver sent his team an email saying: Guys, you know the year you think youre going to have? Well, guess what, its not happening. I wrote this in three months, we filmed this in four months, we had eight programmes commissioned and I loved it so much after four programmes
COVER INTERVIEW GIMME FIVE FIVE FAST QUESTIONS FOR JAMIE OLIVER Im going to support him all the way. Business hasnt been been all plain sailing though. Oliver has had a few bruising business encounters too, and is wary now of mixing business with friendship. His current net worth is estimated at £1
Sponsored BE ONE. INSPIRE ONE Be open to change Jennifer English studied science, but now she heads up the marketing team for Baileys M arketing executive Jennifer English reckons an ability to embrace change is central to success. Its a philosophy she brings to the workplace. Among her most rece
INTERVIEW I dont get creative block After 70 years of writing and illustrating books for children, Shirley Hughess creative well still runs deep, and her powers of observation are as sharp as ever, she tells Anna Carey I dont get creative block, says Shirley Hughes. I dont know why, but I always
knows that small children react very strongly to their favourite picture books, which Hughes believes can play a particularly important role these days. One of the challenges today is to protect them from being visually overstimulated, clicking on from one image to another much too quickly, she says
INTERVIEW Playing by his own rules The LA dream has quickly become a reality for Dubliner Jacob McCarthy, writes Catherine Conroy W hat are the rules for making people believe in you? asks Christopher, a young man with Aspergers syndrome, played by newcomer Jacob McCarthy in the upcoming Irish fi
FASHION # FASHION FORWARD DEIRDRE McQUILLAN & DOMINIQUE McMULLAN TREAT FEET TO FRENCH STYLE What is it about the French and good style? Arnotts welcomed French footwear brand Jonak to its newly revamped Shoe Gallery recently, and the combination of everyday basics and high-end must-haves have us a
INTERVIEW Irelands fashion superstar Simone Rochas fame has eclipsed that of her father, John Rocha, but she remains connected to her family and roots writes Deirdre McQuillan I ts tricky trying to find De Beauvoir Town in east London, a Hackney mix of low rent shops, council blocks and early Vic
Atlantic, she has been celebrated for her strong, modern feminine aesthetic and defiant independence. I am an emotional designer and very inspired by art. Clothes are so physical so it is about how I can translate [ideas] into the clothes I feel very connected to what I do and am very tactile and t
INTERVIEW From my father I have learnt an amazing sensitivity to texture, colour ... he has always made sure that I made the right turning in business Books about photography, art and literature dominate the shelves in her office, a testimony not only to her wide range of references but also to her
BEAUTY BEAUTY REPORT LAURA KENNEDY Heard what the herd is buying? T Autumn trends are all very well, but dont feel pressure to buy something you hate, or dread wearing here is a turn toward colour this autumn/winter, which is a very cheering antidote to the weather as we trundle into autumn. Pe
FOOD Take five with Jamie Oliver The Naked Chef knows you can do a lot with a little in the kitchen. Here, he shows how simple it is to rustle up fast and tasty meals with just five ingredients STICKY LAMB CHOPS 1.6lambchops,French-trimmed (600gtotal) 2.200gmixed-colourbabyheritage carrots 3.8clov
QUICK ASIAN FISHCAKES 1.1stickoflemongrass 2.6cmpieceofginger 3.Halfabunchoffreshcoriander (15g) 4.500gsalmon fillets,skinoff, pin-boned,fromsustainable sources 5.4teaspoonschillijam Makes 4 Takes 22 minutes Whack the lemongrass against your work surface and remove the tough outer layer. Peel the g
FOOD DONAL SKEHAN Schoolnight dinners? Winners S Prepare for the return to routine with meals that should satisfy the whole household hall we talk about back-to-school suppers? You are probably still clinging to the long days of summer. One of my first summer jobs was stocking shelves in a scho
HALLOUMI BURGERS WITH SHAVED VEGETABLE SLAW SEED-STUFFED ROAST SWEET POTATOES A simple way with a roast sweet potato. Ive included an easy filling here but the basic roasting process allows for a whole range of fillings of your choosing. 4largesweetpotatoes(about500g) 11/2tbsrapeseedoil 200gkale,le
FOOD REVIEW CATHERINE CLEARY Embrace the pear Good veggie fare in a beautiful cafe run with a smile and a very good heart T he new monks of Clondalkin have arrived. Converts form an orderly queue. Twin brothers, Stephen and David Flynn, are the brains behind The Happy Pear, the Greystones food p
FOOD FOOD FILE MARIE-CLAIRE DIGBY SEASONAL SUPPERS JP McMAHON Though you may not have noticed, condiments over the past few hundred years have become incredibly sweet. What started out as a method of preservation, transformed, with the advent of industrial sugar production in the 18th and 19th cent
DRINK WINE JOHN WILSON No-nonsense wines Zinfandel is a chameleon, and far from a wimpy wine H ere lies the last wimpy wine, RIP. is emblazoned on the stone as you enter Ravenswood winery in Sonoma, California. The motto No Wimpy Wines has become part of the folklore surrounding founder Joel Pet
TRAVEL CHECK-IN JoLinehan REIMAGINED ROOMS London The Town Hall Hotel, at the centre of Bethnal Green, is named after its former life. It opened in 1910; today the hotel offers exquisite dining experiences and palatial art deco-inspired suites. townhallhotel.com Morzine VIP Skis new penthouses w
TRAVEL A thrifty Iceland trip Its a challenge to spend three days in one of the worlds most expensive cities on a budget of 400, but we still have 50 to spare, writes ER Murray A s I land in one of the priciest cities in the world reportedly 21 per cent more expensive than New York I fail at th
ing, so its the best time to relax with an Icelandic beer or two. On Austurstraeti Street there are several lively bars with outdoor tables and happy hours from 5pm until 7pm and you can then move on to the old harbour, where offers stretch until 9pm. Whatever season you visit, night-time walks alon
TRAVEL Into the great wide open The Rabari migrate huge distances across India with their animals, Kate Eshelby got a fascinating insight into their unique lives T he animals are returning on a biblical scale, flooding into this green expanse, like grains of sand rushing into an hourglass. Water
ing and printing some of Indias finest textiles. Kuldip takes me to visit several of these cottage industries, many of which continue to use natural dyes. First stop is Bhujodi, a village just outside Bhuj, full of hand-woven shawls, scarves and blankets in bright pinks, greens and purples. The foll
CYCLE SERIES Kerry at its best and most scenic T With little traffic this route is not to be missed, write Donnacha Clifford, David Elton he Gap of Dunloe and the Black Valley are among the among most renowned areas for tourists in Kerry, and with good reason. The glacial landscape appears timel
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Japan: Land of the rising sun 13 days from only €4,449pp Selected departures from May to October 2018 Japan - an ancient culture of emperors, fierce shoguns, samurais and brutal martial arts. Yet its also a place of gentle geishas, colourful kimonos, exquisite garden design and Zen Buddhism. How did
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TRAVEL JOAN SCALES Travel advice on... finding the right spa About20years agowhen hotels began addingspasto theirfacilities it seemedlike itwouldjust be afad. Butnowthere ishardly ahotel aroundthe countrywithoutsome formof spafacilities.One Irish spa website lists192propertiesaround thecountry, ra
From Lapland Magical trips to Lapland 1 to 5 Day Packages Prices starting at €630* www.visitsanta.ie (01) 241 2385 *Prices per child, from €660 per adult helpers@visitsanta.ie to Wonder Land Family Trips to Orlando from €699 per person www.gohop.ie (01) 241 2305 info@gohop.ie
TV&RADIO FILMSOFTHEWEEK GoldenEye Sunday,RTÉ2,6.05pm Pierce Brosnan (above right) makes his debut as British secret agent James Bond in one of the long-running franchises best entries. The plot is very loosely based on Ian Flemings novel Moonraker, and sees 007 embark on yet another globe-trotting
RADIOCHOICE SATURDAY The Teatro Regio in Turin hosts a barnstorming production of Bizets Carmen, starring Anna Caterina Antonacci in the title role. Opera Night(RTÉ Lyric FM, 7pm). SUNDAY AedínGormleysSundayMatinee (RTÉ Lyric FM, 1pm) features a concert from the Victoria Hall in Geneva where the R
SATURDAY SEPTEMBER 2 MUSICALSHOWCASEElectricPicnic 2017RTÉ2,8pmEoghan McDermott and Blathnaid Treacy introduce highlights from the event, including gigs by those appearing on the main stage. Soraiya Ryan and some special guests are also on hand to report from the picnic area itself. RTÉ ONE RTÉ2
NEWSERIESTheXFactorTV3,8pm Dermot OLeary takes charge of another run of the popular talent show. Judges Simon Cowell, Louis Walsh, Nicole Scherzinger and Sharon Osbourne also return, and get things under way by auditioning the first batch of hopefuls. BBC TWO 3e CHANNEL 4 6.45 The NFL Show R S 8
SUNDAY SEPTEMBER 3 NEWSERIESAnRílDealTG4,8.15pm Judges Breandán de Gallaí, Sibéal Davitt and Roy Galvin are back for a second run of the celebrity dance competition. Stay tuned for more musical shenanigans at 9.30pm when Daithí Ó Sé introduces coverage of Celtic Connections. RTÉ ONE RTÉ2 TV3 TG
LASTINSERIESStrikeTheCuckoos CallingBBCOne,9pmThe search for the truth about Lula Landrys sudden death takes an intriguing turn, putting Strike and Robins lives in danger in the process as they delve into the pasts of the models adoptive and biological families. BBC TWO 3e CHANNEL 4 6.00 The Ins
MONDAY SEPTEMBER 4 NEWDOCUMENTARYIrelandsHealth DivideRTÉOne,9.35pmDr Eva Orsmond investigates the impact that your socioeconomic standing can have on the length of your life, revealing in the process that those struggling to make ends meet live on average six years less than the wealthy. RTÉ ONE
SHORTDRAMAShortscreenRTÉ2, 12.15amStephen Bradys compelling tale focuses on Richard, who is living a nightmarish existence in a rundown apartment complex in inner-city Dublin. His one ray of light is his girlfriend Karen, but is he right to rely on her devotion? BBC TWO 3e CHANNEL 4 6.00 Flog It
TUESDAY SEPTEMBER 5 NEWDOCUMENTARYTheFarthest RTÉOne,10.15pmA fascinating insight into the journey of Voyager, the tiny spaceship that is currently around 12 billion miles from Earth. Theres also a chance to hear from the remarkable scientists who designed and built the craft. RTÉ ONE RTÉ2 TV3
NEWSERIESDoctorFosterBBCOne,9pm Suranne Jones returns as the titular character, and the story picks up with her two years after the events of the previous series. Shes been living alone since the departure of her husband, but hes about to make a dramatic reappearance... BBC TWO 3e CHANNEL 4 6.00
WEDNESDAY SEPTEMBER 6 NEWSERIESCelebrityOperation TransformationRTÉOne,9.35pm X Factor singer Mary Byrne, beauty expert Triona McCarthy, chef Gary OHanlon, social media influencer James Patrice and singer Kayleigh Cullinan are the stars taking part in the programme. RTÉ ONE RTÉ2 TV3 TG4 BBC ON
NEWSERIESBackChannel4,10pm David Mitchell and Robert Webb team up once again, this time ditching their Peep Show characters in favour of playing a would-be pub landlord and his long-lost former foster brother who enter into a battle of wits. Julia Deakin also stars. BBC TWO 3e CHANNEL 4 6.00 Flo
THURSDAY SEPTEMBER 7 NEWSERIESSúileLondainTG4,9.30pm Cameras follow the fortunes of six young Irish-speakers as they begin new lives in London. Their progress is charted during their first 12 months in the city, offering a unique insight into what it is to be an emigrant in the 21st century. RTÉ O
NEWSERIESFindMeaHomeRTÉOne, 8.30pmFilmed during the spring and summer of this year, the latest run charts the progress of more folk searching for somewhere to live, including first-time buyers who are shocked that a mortgage can cost less than paying rent. BBC TWO 3e CHANNEL 4 6.00 Flog It! Trad
FRIDAY SEPTEMBER 8 NEWSERIESGoggleboxChannel4,9pm The previous run only ended in June, but here we are again, preparing to watch people watching TV. Its a simple format, and one that has grown in popularity, making stars of its participants. Expect more hilarious opinions from this series. RTÉ ONE
SITCOMFUNComedyPlayhouse MrWinnerBBCOne,10.35pmSpencer Jones stars as hapless Leslie Winner, who always seems to be at the epicentre of impending disaster, so expect sparks to fly when he plans to propose to his girlfriend during an eventful trip to London. BBC TWO 3e CHANNEL 4 6.00 Flog It! Tra
RADIO NEWMUSICNovaSunday,RTÉLyricFM,8pm Composer Roger Doyle claims to have written Irelands first electronic opera, Heresy, which premiered at the Project Arts Centre in November 2016. Now theres a chance to hear it via this programme. SATURDAY RTÉRadio1FM:88.2-90.0;95.2MHz,LW: 252kHz.Newsontheho
CELEBRITYCHATTheJoeJackson TapesRevisitedMonday,RTÉRadio1,10pm Eartha Kitt was one of Jacksons first interviewees back in 1987, so he takes great delight in getting to listen to their extraordinarily candid chat all over again. TUESDAY Playlists.3.00Radio2Playlists:Great BritishSongbook.4.00Radio2P
ARTSROUND-UPCultureFileWeekly Friday,RTÉLyricFM,7.02pmLuke Clancy presents highlights from his daily cultural reports on Lorcan Murrays Classic Drive. Expect lots of interviews as well as music, media, art, technology and design news. THE IRISHTIMES THURSDAY HOMEDELIVERY SERVICE ANEWSPAPER TOYOUR
THEirishtimes.com/archive TIMES WE LIVED IN Play it again, Sam Published: November 4th, 1972. Photograph: Dermot OShea T o sing, or not to sing? That is the question. Especially when the conductor has a baton with a hook on the end of it. If you hit a wrong note he might fish you out of the back
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THE IRISH TIMES irishtimes.com Weekend Review Saturday,September2nd,2017 EditorConorGoodman Phone01-6758000 emailweekend@irishtimes.com Arts& Books Radioreview: MickHeaneyon a vintagePat Kenny performance. Page8 Eamon Dunphy ... ...talksfootball, politics,family andRoy Keanewith PatrickFreyne.Pa
2 NewsReview THE IRISH TIMES Saturday, September 2 , 2017 DUBLINSSQUATTERS: EMPTYHOUSESAREAWASTE One groups solution to the housing crisis is to move into vacant properties and develop their skipping skills Fiachradh McDermott I ts free space under your feet. You feel like youre in your own liv
NewsReview 3 THE IRISH TIMES Saturday, September 2 , 2017 IHAVEABUDDHIST VIEWOFTHINGS Eamon Dunphy football pundit, journalist and podcaster talks Roy Keane, family life, politics and official Ireland I stood at the dole queue with my father, and I remember how good people were humiliated by t
4 NewsReview THE IRISH TIMES Saturday, September 2 , 2017 Life Abroad Tokyo, Japan The threat keeps getting more serious Andrew McCarthy While North Koreas missile was 1,000km away from Tokyo, the threat is real, and few experts are willing to predict what will happen next I THERESTAURANTATTHE
NewsReview 5 THE IRISH TIMES Saturday, September 2 , 2017 Are Strategic Development Zones, the model for a planned new town in West Dublin, the answer to the capitals housing shortage Olivia Kelly DublinCorrespondent S hannon in Co Clare was for decades the States only modern planned town. Dev
6 Environment THE IRISH TIMES Saturday, September 2 , 2017 Another Life Michael Viney A glossy puddle of marmalade with a sting to close whole beaches P ulsing forward in glancing light beneath the waves, it holds a fiery glow at its heart as if out to give fair warning. Fiery, indeed, can be t
7 THE IRISH TIMES Saturday, September 2 , 2017 Arts &Books Ive been corrupted by pleasing people With his new series, Karl Ove Knausgaard, the accidentally bestselling Norwegian novelist, has discarded agony in favour of structure. He may be on to something Caroline ODonoghue I am sitting oppo
8 Arts&Books THE IRISH TIMES Saturday, September 2 , 2017 Culture Shock Gemma Tipton An English opinion about Ireland is as valid as an Irish one I n the United States, an artist paints a portrait of a dead black boy. At Imma, an art video looks at internment. Soon a mega-musical set in the Vie
Arts&Books 9 THE IRISH TIMES Saturday, September 2 , 2017 Like Brokeback Mountain, but with Yorkshire weather Francis Lees Gods Own Country feels like a career-launching film Donald Clarke L et us get the awkward question out of the way first. When Francis Lee conceived of Gods Own Country, a b
10 Arts&Books THE IRISH TIMES Saturday, September 2 , 2017 Bottle Man A young man has relationship problems. This is the eighth and final short story by writers from overseas living in Ireland, and by Irish writers who live or have lived abroad Nicole Flattery T he morning I moved into the bott
Arts&Books11 THE IRISH TIMES Saturday, September 2 , 2017 Striking across the sectarian divide An innocent abroad, with no irony filter NJ McGarrigle Beat: The True Story of a Suicide Bomb and a Heart Neil Hegarty By Rowan Somerville Struggle or Starve: Working-Class Unity in Belfasts 1932 Out
12 Arts&Books THE IRISH TIMES Saturday, September 2 , 2017 An impressive Indian homage to King Lear Sarah Gilmartin NewFiction We That Are Young By Preti Taneja Galley Beggar Press, £9.99 N othing will come of nothing, King Lear warns his soon-to-be outcast youngestdaughter Cordelia after she r
Arts&Books 13 THE IRISH TIMES Saturday, September 2 , 2017 Fragmented fairy tales and a death sentence Claire Hennessy YoungAdults I am a quick and boring little thing. Head down, hair neat, face low. Dont catch their eye. Thats sauce. And men will punish sauce. They call it love. Mixsharp femin
14 THE IRISH TIMES Saturday, September 2, 2017 ENTERTAINMENTS TOMMY SWARBRIGG PRESENTS In Association with Ashford Castle Hotel A GALA TRIBUTE TO ONE OF IRELANDS GREATEST EVER SONGWRITERS! A NIGHT TO REMEMBER You Raise Me uP 100 MILLION RECORDS SOLD & GUESTS STARRING The Songs and Stories o
15 THE IRISH TIMES Saturday, September 2, 2017 CONCERTS The Guardian Whats on Stage The Times The Telegraph The Stage Actors Touring Company and Royal Lyceum Theatre Edinburgh The Suppliant Women Sept 27Oct 1 Gaiety Theatre Tickets from €16 on sale now dublintheatrefestival.com +353 1 6
16 NewsReview THE IRISH TIMES Saturday, September 2 , 2017 The Week In case you missed it Donald Clarke In pictures Tropical Storm Harvey in Houston, Texas The great doner kebab rush of 1982 People walk down a flooded street as they evacuate their homes after flooding in Houston, Texas. PHOTO
HOT NEW HOTELS / WARDROBE UPDATES / KENNETH JAY LANE AT HOME / BEAUTY TRENDS / ROLE MODELS / BACK TO BLACK MAGAZINE SEPTEMBER 2017 with THE IR STAND UP & STAND OUT FASHION'S NEW MOOD FEARLESS, FABULOUS & FUN POWER PLAYERS CAITRIONA PERRY IN THE WHITE HOUSE VICTORIA BECKHAMS SECOND ACT JONATHAN
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CONTENTS INSIDE E THIS ISSUE STAND UP & STAND OUT PU B LI S H E R JAN E M C DO N N E LL E D I TO R SA RA H M C D O N N E LL S TYLE E D I TO R A I S LI N N C O F F E Y BEAUTY EDITOR SARA H HA LLI W E LL NEXT ISSUE ART EDITOR THURSDAY OCTOBER 5 L AU RA KE N N Y ASSISTANT EDITOR FEATURES SA
ER B M E T SEP ~ GLOSS IP PEARLS of fashion wisdom ... Rejecting RUSHING WOMAN Syndrome ... Counting LITTLE BLACK DRESSES ... and GETTING FIT at all costs ... A worked for interior designer NICKY HASLAM before setting up her company. No longer involved, she is a trustee with the lovely charity F
HUNTING & GATHERING 1 Channel theTrend 3 ISABEL MARANT 2 4 JASON LLOYD-EVANS 5 6 FIERCELY FEMINI NE ALL THINGS CONSIDERED ... Theres a new mood in fashion and its one of unbridled celebration of all things feminine. The steady slide into sportswear and trainers with everything is being sup
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ROCHAS FASHION 5 Navy Alexia cashmereblend coat, d1,295, at Louise Kennedy, 56 Merrion Square, Dublin 2. 6 THIS AUTUMN Do you want to know what to wear right now? Weve compiled a list of our hero pieces for AW17 12 September 2017 THE GLOSS MAGAZINE 1. A CASHMERE COAT. This season we are al
LOWDOWN HITTING THE HIGH STREET DRIES VAN NOTEN THE NEW PRIME The ageless generation (women of 40 and 50) hit the runways this season in place of SS17s octogenarians. When Belgian designer Dries Van Noten staged his 100th show in Paris, he sent a bevy of familiar faces down the catwalk: Amber Va
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LOWDOWN Channelling Queen Elizabeth II on holiday in Balmoral ... even makes models look dowdy. MISSION IMPOSSIBLE J CREW STELLA MC CARTNEY We all know how it goes; what was cool last season is, apparently, so uncool this season. How to keep up? Dont. Trending items are also more expensive than
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LOWDOWN 1 RETURN TO THE SILVER SCREEN SAINT LAURENT ALL ABOUT YVES Two new museums are set to open this autumn in honour of designer Yves Saint Laurent. The first will be in Paris, in Saint Laurents couture house (5 avenue Marceau); the second in Marrakech, opposite Jardin Majorelle. Designed b
ISABEL MARANT LOWDOWN ETITI ON WEAR IT WELL With the return to school and the end of summer, September always feels like the start of a new year. This month, make it your resolution to get your timekeeping in check with a new watch by Irish brand Ansley Watch Co, founded in 2013 by Arthur and E
08/17 Kildare Village 2017 *on the recommended retail price. New arrivals Discover more than 95 boutiques with savings of up to 60%*. Find your fabulous. AllSaints Anya Hindmarch Aquascutum Armani Asics Barbour Bedeck Boss Hugo Boss Brooks Brothers Calvin Klein Jeans Calvin Klein Underwea
MOODBOARD Im soliloquising Molly Bloom: Even out of the ditches primroses and violets. 3 THE DARKEST NIGHTS PRODUCE THE BRIGHTEST STARS. 5 JOHN GREEN Im identifying with Cyndi Laupers A Memoir: from overcoming psoriasis and voice loss to hit musical Kinky Boots. 6 4 1 IF YOURE GOING THROUGH
Editor Laura Brown at Acnes AW17 show. FASHION MICHAEL KORS Wardrobe BY AISLINN COFFEY NEED TO KNOW: ALEXANDRA GOLOVANOFF CAMEL COATS 24 September 2017 THE GLOSS MAGAZINE How do you make an effort without pulling the same go-to dress out of your wardrobe? Fancy pants are your golden ticket
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FASHION ISABEL MARANT STAND UP & STAND OUT Chanel space centre at the Chanel AW17 show. Inter-galactic, irridescent metallics and cosmic embellishments are set to soar. Get on board with sparkle; try a metallic jacket, glittery top even sparkly silver socks. Silver sequin top, Sandy Liang, at Har
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SOCIAL LIFE Clockwise from left: Kate Macklin; a dinner party at her home; the medieval village of Vigoleno; pastries from Tosi in Salsomaggiore; a cycling stop to enjoy the scenery; hunting in Piedmont with son Oliver. My GLOSSY WEEKEND KATE MACKLIN Founder of a furniture export company, Kate M
Photo Michel Gibert. Used for reference. TASCHEN / www.sia-deco.fr French Art de Vivre Long Island. Sofa per elements, designed by Studio Roche Bobois. Coupole. Console and cocktail table, designed by Philippe Bouix. La Ligne. Floor lamp, designed by Angioni et Louvry. European manufacture. UNIT
INTERVIEW LETS DO LUNCH by Heather Astbury PHOTOGRAPH BY ANDREW CROWLEY Maggie OFarrells new memoir, an account of near-death experiences, is an elegy of love for her family F eeling sorry for yourself isnt helpful, says Maggie OFarrell emphatically, with what I quickly learn is her signature n
BUSINESS NEWS MAKING IT HAPPEN Backing women business leaders FASHION, POST-BREXIT THE IMPACT ON THE UK FASHION INDUSTRY WILL AFFECT US TOO ... A s we edge ever further into the murky waters of a post-Brexit world, many of Irelands business concerns have centred on the financial services indust
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DOLCE & GABBANA AW17 Ive been lucky to witness the STORY of the CENTURY. CAITRÍONA PERRY The AW17 catwalks reflected diversity, strength and individuality. What does it take to stand out? PENNY McCORMICK is inspired by five role models CAITRÍONA PERRY BECAUSE: Having caused a stir in the Oval O
PEOPLE PRIME TIME WATCH: First They Killed My Father, on September 15, directed by Angelina Jolie, 42. An adaptation of Cambodian author and human rights activist Loung Ungs memoir of surviving the Khmer Rouge regime from 1975 to 1978; the story is told through Ungs eyes from the age of five to nin
PEOPLE ADEKOYA WEARS: black tulle blouse; pink pleat-front skirt; both Simon Rocha at Havana, Donnybrook Dublin 4. Photographed by Veronika Faustmann. Make-up by Bianca Rafaella using MAC Cosmetics. MELISSA HAMILTON 28, Irish ballerina and first soloist with The Royal Ballet BECAUSE: At 17 she was
PEOPLE LARAGH MC CANN BECAUSE: Having worked with the best creatives in the fashion business, McCann, 27, is putting her experience to good use, serving up several strong directorial projects MC CANN WEARS: Lilac sweater with gold embellishment; lilac and burgundy wool skirt; brown patent leather
PEOPLE BEATTIE WEARS: Forest green fringe midi dress, at Zara. Shot on location at Residence, St Stephens Green, Dublin 2. Photographed by Al Higgins. Make-up by Aoife Smith at Brown Sugar Dublin; Hair by Tina Mooney at SugarCubed Clarendon Street. DAVID BEATTIE BECAUSE: As an author, blogger and
PEOPLE AGELESS STYLE MYRTLE ALLEN 93, cultural icon BECAUSE: She has had a profound influence on how Irish food and cuisine is perceived internationally, and was the subject of a recent documentary by David Hare. ODONOGHUE WEARS: Claret satin doublebreasted tuxedo suit; black bag with bee motif; b
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PHOTOGRAPH BY LOUISE SA MUELSON FIRST PERSON THE MOTHER OF INVENTION Seven years ago, creative director and stylist, Paula Hughes lifestyle was a whirlwind of fashion shoots and long-distance travel, then she and her husband received the terrible news that their two-year daughter had a rare neu
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PROMOTION French illustrator QUENTIN MONGE has created a series of bright and graphic artworks inspired by Kronenbourg BLANC. We talked exclusively to Quentin about his work, his inspiration and life in Paris llustrator Quentin Monges graphic works are full of light and sunshine, making him the id
PROMOTION I GET THIS WARM SUNLIGHT ON MY BALCONY AT THIS TIME OF DAY SO ITS A GOOD TIME TO SIT AND HAVE A BEER, PUT SOME VINYLS ON. Paris, where Monge lives, is a big source of inspiration for him. My studio is in the 11th arrondissement, a really popular area with lots of young people, bars and r
STAND UP & STAND OUT MY FICTIONAL HEROINE IS LARA CROFT. WHEN IM OFF DUTY, I SPEND TIME WITH MY SON AND GO TO THE GYM. BARA UP FRONT LEFT: NICOLE, 22, WEARS: Striped polo-neck top; cream shearling jacket with gold zips; red velvet skirt with gold zips; all TOMMY HILFIGER. Burgundy leather lace-up
BOLD MOVE CORDELIA, 50, WEARS: Colourblock wrap skirt, Carolyn Donnelly The Edit, d79, DUNNES STORES. Burgundy sweater with side slits, d12.95; burgundy quilted velvet coat, d69.95; both ZARA. 18ct gold Mesh Scarf earrings, Elsa Peretti for TIFFANY & CO. IM INVOLVED IN THE AMERICAN ARTS DEPARTMENT
STAND UP & STAND OUT THERE ARE SO MANY MORE OPPORTUNITIES TO BECOME A MODEL THESE DAYS AS THE FASHION WORLD HAS REALISED BEAUTY COMES IN ALL SHAPES, SIZES, COLOURS AND AGES. CORDELIA MASTER PIECES CORDELIA WEARS: Camel wool full-length coat with cape sleeves; camel cashmere sweater; both MAX MARA,
EARN YOUR STRIPES NICOLE WEARS: Red striped tunic; red stripe shorts; silver Gabrielle leather bag; silver glitter boots; all CHANEL. Red and black lacquer bangles, Elsa PerettI, d540 each, TIFFANY & CO. IF YOURE INTERESTED IN BEING A MODEL, WORK ON BEING CONFIDENT AND COMFORTABLE IN YOUR SKIN. EAT
STAND UP & STAND OUT NEW FOCUS LEFT: BARA WEARS: Black wool jacket; black wool waistcoat; red silk shirt; black cage velvet shoes; all HERMÉS. RIGHT: CORDELIA WEARS: Red faux-fur check coat; white patent leather knee-high boots; both MIU MIU. Red knit sweater, d57; red knit skirt, d70; both Autogra
CAMERA READY BARA WEARS: Navy wool sweater; navy check wide-leg trousers; black kittenheel ankle boots; black leather beret; red JAdior leather flap bag with embellished wide shoulder strap; all CHRISTIAN DIOR. THIS SEASON ILL BE WEARING WIDE BELTS, FLORALS AND A TOUCH OF RED. BARA MEET THE TEAM L
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Beauty LOS THE G L S EXC USIVE DRESS UP Blend it like Beckham with the designers glamorous new beauty collection. Sarah Halliwell met her in London 4 W hen youre photographed as regularly as Victoria Beckham, you learn plenty of tricks along the way. As the designer launches a whole new beaut
AH HALLI WE LL Buffet SEA POWER Why were diving into marine beauty O f all the wonder ingredients we come across each week at the beauty desk, from blueberries to turmeric, the one that has instant appeal is anything connected to the sea. Regular sea swimmers swear by the bracing effects of s
BEAUTY THE COLLECTION GIAMBATTISTA VALLI Some beauty collections feature star products; others are just desirable in their entirety. Welcome to Travel Diary, CHANELs AW17 make-up. We defy you to resist the Palette Essentielle (c60), with concealer, highlighter and cheek colour in one neat compact;
THIS WONDERFUL LITTLE PLACE . . . A LVO R, PO RTU GAL PR manager at Claridges hotel in Mayfair, Orla Hickey loves dining in this tranquil fishing village C laridges always has a wonderful buzz about it and is such a great place to people watch. I joined eight years ago in August 2009, straight fr
TR ISH DES E I E FOO D Y N B FOOD L Navigating trends in food fashion, TRISH DESEINE finds an interesting green scene emerging as autumn arrives ... ike it or not, food has become the new social currency and preferred form of artistic expression of the masses, and there are few signs tha
A JEWELLED
INTERIORS LIFE Kenneth Jay Lane was known as the King of Faux and his jewellery and vintage pieces are now collectors items. Before his death, POLLY DEVLIN visited the designer in his maximalist Park Avenue residence in New York I THE SUMPTUOUS SALON Orientalist paintings glow against the chocola
of Marie-Blanche de Polignac, the daughter of couturier Jeanne Lanvin. The mahogany and faux ebony surround of the overmantel and fireplace is copied from the Empireinspired doors of her library, designed by architect Emilio Terry, and there are some wonderful paintings, including one of The Sleep o
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BOOKS SPEAKING VOLUMES Update your coffee table with these covetable books BEDSIDE TABLE What is JUSTINE PICARDIE reading? Editor-in-chief of Harpers Bazaar and Town & Country, Picardie is the author of five books. Her newly-reissued Coco Chanel The Legend and The Life, is the definitive biograp
At home with perfection. Created through the perfect marriage of form and function. Realm Concepts Ltd. The Waterfront, Hanover Quay, Dublin 2 Tel. 01 480 44 00, hello@realm.ie www.bulthaup-hanoverquay.ie Twitter, Pinterest, Instagram @bulthaupHQ
L S EXC USIVE GAME CHANGER LOS THE G Though the work of Northern Irish designer Jonathan Anderson may be an aquired taste, theres no denying his unique vision, technical brilliance and ground-breaking approach to fashion, says PENNY McCORMICK Jonathan Anderson loves Constance Spry. Im delighted
This Glossy Life influence on his aesthetic. In the past he has also admitted that humour is a part of his design arsenal (check the souwester hats in the AW17 collection or the show invite on Irish linen with the words You Cant Take It With You, for evidence) while his inspirations have run the gam
THIS GLOSSY LIFE Artist Kelly Beeman caught the attention of Jonathan Anderson on Instagram, and now her pictures have found their way onto his pieces. JW ANDERSON AW17 JW Andersons workshop; a collaborative retail space in London MY SCENT Loewe 001. JONATHAN ANDERSON MUSIC When I work, I list
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