H Edition June 2014

G L O B A L P R E S E N C E W I T H L O C A L K N O W L E D G E

EDITIONJune 2014

RICHARD STONEThe Majestic Creator of Royal Art Read more on pages 4-5

PLUS

LIFE IN THE FAST LANEA day of racing with Ferrari AF Corse

CROWD FUNDINGThe benefits and pitfalls

ENTREPRENEUR OF THE MONTH Interview with John Hall founder of SocietyDining

I N V E S T M E N T | N E W S | C U LT U R E | S P O R T | L I F E S T Y L E

June 2014 FC.indd 1 22/05/2014 18:14

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Cover PiCture!RichaRd StoneRoyal Portrait Artist to her Majesty and the Royal Family (courtesy of Michael Champion)www.richardstoneuk.com

eDitoriAL StAFF!dina conStance aletRa Editor in Chief & Head of Corporate [email protected]

Rebecca eMilY cowingPublishing Assistant

beatRice MaRia FabRiSIntern

DigitAL & SoCiAL meDiA teAm!weaRegRab and taRgetMedia360 (Part of the Hamble Group of Companies)

ProDuCtioN teAm!tYpetechnique

thanks also this month to:Richard Stone, Thomas Mace Archer-Mills, Audi CH, British Monarchist Society, RoyalGov.co.uk, Casa Di Cura San Francesco Clinic, Francesca Perazzini, Taylor Vinters, Guglielmo Scarpa, Carlo Battaglino, Amine Abbadie, Professor Carlo Pelanda, Deepali Nangia, Andy Curle, Davide Cognolato, AF Corse, Helen Aletra, Haydn Squibb, The Edition Hotel, Chef Rob Kennedy, Illy Cafe, Individual Restaurants, John Hall, The Westbury Hotel Mayfair.

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H Edition GlobalPublished by The Hamble GroupCarrington House, 324-326 Regent StreetLondon W1B 5SE

We are very privileged to announce that Richard Stone, the Royal portrait artist, has agreed to grace our front cover this month. Richard has over 35 years of experience painting a plethora of Royal subjects, dignitaries and leaders of the world.

Our cover is particularly fitting given that June is the ‘Royal’ month in our calendar, with events such as the

State Opening of Parliament, Beating the Retreat, Trooping the Colour and Garter Monday all taking place. Our content reflects this, and on pages 6 and 7 we bring you an article on the ‘World’s Queen’, celebrating her Majesty as a ruler of 14 territories, 16 Realms and 53 countries.

In addition, Professor Carlo Pelanda contributes our monthly ‘Market Moment’ article on page 9 touching on Global governance and entrepreneur Deepali Nangia explores the pros and cons of the financial phenomenon that is crowdfunding on page 12.

Last month we were fortunate enough to gain behind the scenes access to the European Le Mans Tour at Silverstone, and our journalists Helen Aletra and Haydn Squibb returned with a fascinating interview with driver Michael Lyons of the AF Corse Ferrari team.

Finally, I am an advocate of showcasing new entrepreneurial talent and this month John Hall, Founder of Society Dining, explains how high-level networking can be twinned with an informal evening of pleasant company dining in London’s most exclusive venues.

I hope you enjoy this issue as much as we have had preparing it.

See you in July, where we publish ‘Entrepreneurs to look out for in 2014’.

Dina Aletra, Editor Tweet us @HEditionMag

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The month of June is the ‘Royal’ month in our calendar, with events such as the State opening of Parliament, Beating the Retreat,

trooping the Colour and Garter monday. however, it is not just grand occasions of State which identify the importance of our royal family in modern 21st century Britain. As supporters, patrons and beneficiaries whom influence the arts, members of our royal family have for years taken to composers, sculptors and most importantly portrait artists to cement their position and place not only within our society, but throughout the world. Some portraits produced of the royal family – and in particular that of her majesty, the Queen – are similar in subject likeness, profoundly deep in symbolism, similar representations of the individual and sometimes even artistically daring. With hundreds of portraits of her majesty produced over the last 62 years of her reign, one royal portrait painter holds a special place in the mind and eye of her majesty, the Queen.

Richard StoneKnown most for his exact likeness of the Queen from his 1992 portrait celebrating the 800th anniversary of Colchester’s Royal Charter, her majesty was so impressed with Richard Stone’s likeness of her that she approved the image to be replicated and included for purchase from the Royal Collection. mr Richard Stone is the only royal portrait artist to have this honour

bestowed upon him, which is seen by many as a royal nod of approval. this famed and royally favoured image was featured in 2013 by the Royal mail as the mail stamp for their 60th Anniversary of the Coronation stamp series, and can currently be found in all its regal splendour at the town hall in Colchester, essex. mr Stone is a much favoured and well respected royal portrait painter who has completed over 40 royal commissions over the last four decades of his career. mr Stone has painted every member of the royal family, with the exception of Princess Alexandra and the late Diana, Princess of Wales, and his rise to international fame has seen him capture the likenesses of Baroness thatcher as well as private people on the domestic front. mr Stone has travelled the globe to complete portraits of Archbishop Desmond tutu, nelson mandela, Luciano Pavarotti, mrs Reagan, Dame Joan Sutherland and countless other celebrities.

Richard’s journeyFrom a young age, Richard knew that one day he would paint her majesty Queen elizabeth II, but this determination was not met without its challenges and tribulations. At the age of four, a few short months after Richard stood outside of Buckingham Palace and told his mother he would paint the Queen, Richard suffered a near fatal accident which left him in a coma with a fractured skull and permanent deafness in his right ear. ‘As fate would have it, I ended

up being terribly deaf,’ said Richard of his accident. ‘For the following two years I found hearing extremely difficult and I was tormented daily with extraordinary noises in my head. my parents took me to every possible specialist to see whether anything could be done to repair my broken eardrum.’ As a result of his deafness at such a young age, Richard’s primary school experience was less than entertaining. Unable to participate fully in lessons, Richard’s deafness would render him a non-participant; his teachers would supply him with pencils and notebooks where he would draw to keep himself busy. ‘I’m convinced that, as it was my only source of amusement – and, quite possibly, communication – it created in me a need to draw quickly and, perhaps, accurately. I think I developed a facility to draw quite well because I could do nothing else.”

ProtégéSince his primary and secondary school days have come to pass, Richard’s life has been on the fast track. he expanded his talents as the protégé of Sir Gerald Kelly (assistant to Claude monet), who not

only taught Richard the tricks of his trade, but encouraged him to use his talent, his personality and his desire to succeed as the basis of his career. Despite portraits already under his belt and a promising stroke of the hand displayed, the Royal Academy, the Slade and the Colchester School of Art denied Richard entrance into their artistic establishments, which he retrospectively regards as a positive: ‘they did me a favour. What they did was to spur me on to go it alone. my parents were worried, but did nothing to dissuade me; and Sir Gerald kindly spoke to them, saying he thought I would make a go of it.’ Upon the death of Sir Gerald, the young Richard picked up his brushes and promoted his talent to the very person his master had discussed with him in many conversations. Queen elizabeth, the Queen mother was the subject of Sir Gerald Kelly along with her husband King George VI, where Richard recounts ‘the commission that gave him the most pleasure, and the most agony, was painting the state portraits of George VI and his consort, Queen elizabeth and the Queen mother. he spent seven years on those at Windsor Castle, and recalls what a wonderful person the

Queen mother was – a perfect sitter, as I might find out were I ever to paint her portrait’. And paint her portrait he did; not once, but four times before her death in 2002.

The Queen Mother‘the Queen mother was amazingly generous with her time,’ said Richard, ‘and would invite me for lunch or tea and to meet friends. She would bring her family to view the portraits in progress. It was astonishing, really – I was only twenty-two. She had an amazing presence. She was the consummate professional when it came to meeting people and making them feel welcome and comfortable, and she was interested in so many things. We’d chat about art. It was wonderful hearing her talk about sitting for artists like John Singer Sargent, Augustus John, Graham Sutherland, John Bratby and, of course, Gerald Kelly – she’d sat for everyone.’ As the Queen mother had been one of Richard’s first clients, it was with her encouragement and subscription that mr Stone was able to expand his confidence, technique and success into what we know

it as today. Following in the footsteps of his first royal subscriber, the members of the Queen mother’s family have continued to seek out mr Stone as their portrait painter of choice, something which has resulted in one royal commission per year since his first encounter with the Queen Consort of King George VI.

Royal artistic legacyDespite the famed royal pomp and pageantry which will come to pass in this month of June, it is the subtle and still works of art that have been produced which will continue to immortalise the symbolism and importance of the British monarchy for centuries to come. Culture, creativity, grace and symbolism are evident in many portraits of our royal family, but the stories behind these works are often untold and left to the imagination of the people at large. As events, trends and people come and go from this dimension, the one constant remainder for the people of Britain will be the special and important moments captured between a royal subject and their portrait painter, Richard Stone.

EDITION | ROYAL NEWS

RichardStoneTHE MAJESTIC CREATOR OF ROYAL ART

BMS Richard Stone.indd All Pages 20/05/2014 11:46


The month of June is the ‘Royal’ month in our calendar, with events such as the State opening of Parliament, Beating the Retreat,

trooping the Colour and Garter monday. however, it is not just grand occasions of State which identify the importance of our royal family in modern 21st century Britain. As supporters, patrons and beneficiaries whom influence the arts, members of our royal family have for years taken to composers, sculptors and most importantly portrait artists to cement their position and place not only within our society, but throughout the world. Some portraits produced of the royal family – and in particular that of her majesty, the Queen – are similar in subject likeness, profoundly deep in symbolism, similar representations of the individual and sometimes even artistically daring. With hundreds of portraits of her majesty produced over the last 62 years of her reign, one royal portrait painter holds a special place in the mind and eye of her majesty, the Queen.

Richard StoneKnown most for his exact likeness of the Queen from his 1992 portrait celebrating the 800th anniversary of Colchester’s Royal Charter, her majesty was so impressed with Richard Stone’s likeness of her that she approved the image to be replicated and included for purchase from the Royal Collection. mr Richard Stone is the only royal portrait artist to have this honour

bestowed upon him, which is seen by many as a royal nod of approval. this famed and royally favoured image was featured in 2013 by the Royal mail as the mail stamp for their 60th Anniversary of the Coronation stamp series, and can currently be found in all its regal splendour at the town hall in Colchester, essex. mr Stone is a much favoured and well respected royal portrait painter who has completed over 40 royal commissions over the last four decades of his career. mr Stone has painted every member of the royal family, with the exception of Princess Alexandra and the late Diana, Princess of Wales, and his rise to international fame has seen him capture the likenesses of Baroness thatcher as well as private people on the domestic front. mr Stone has travelled the globe to complete portraits of Archbishop Desmond tutu, nelson mandela, Luciano Pavarotti, mrs Reagan, Dame Joan Sutherland and countless other celebrities.

Richard’s journeyFrom a young age, Richard knew that one day he would paint her majesty Queen elizabeth II, but this determination was not met without its challenges and tribulations. At the age of four, a few short months after Richard stood outside of Buckingham Palace and told his mother he would paint the Queen, Richard suffered a near fatal accident which left him in a coma with a fractured skull and permanent deafness in his right ear. ‘As fate would have it, I ended

up being terribly deaf,’ said Richard of his accident. ‘For the following two years I found hearing extremely difficult and I was tormented daily with extraordinary noises in my head. my parents took me to every possible specialist to see whether anything could be done to repair my broken eardrum.’ As a result of his deafness at such a young age, Richard’s primary school experience was less than entertaining. Unable to participate fully in lessons, Richard’s deafness would render him a non-participant; his teachers would supply him with pencils and notebooks where he would draw to keep himself busy. ‘I’m convinced that, as it was my only source of amusement – and, quite possibly, communication – it created in me a need to draw quickly and, perhaps, accurately. I think I developed a facility to draw quite well because I could do nothing else.”

ProtégéSince his primary and secondary school days have come to pass, Richard’s life has been on the fast track. he expanded his talents as the protégé of Sir Gerald Kelly (assistant to Claude monet), who not

only taught Richard the tricks of his trade, but encouraged him to use his talent, his personality and his desire to succeed as the basis of his career. Despite portraits already under his belt and a promising stroke of the hand displayed, the Royal Academy, the Slade and the Colchester School of Art denied Richard entrance into their artistic establishments, which he retrospectively regards as a positive: ‘they did me a favour. What they did was to spur me on to go it alone. my parents were worried, but did nothing to dissuade me; and Sir Gerald kindly spoke to them, saying he thought I would make a go of it.’ Upon the death of Sir Gerald, the young Richard picked up his brushes and promoted his talent to the very person his master had discussed with him in many conversations. Queen elizabeth, the Queen mother was the subject of Sir Gerald Kelly along with her husband King George VI, where Richard recounts ‘the commission that gave him the most pleasure, and the most agony, was painting the state portraits of George VI and his consort, Queen elizabeth and the Queen mother. he spent seven years on those at Windsor Castle, and recalls what a wonderful person the

Queen mother was – a perfect sitter, as I might find out were I ever to paint her portrait’. And paint her portrait he did; not once, but four times before her death in 2002.

The Queen Mother‘the Queen mother was amazingly generous with her time,’ said Richard, ‘and would invite me for lunch or tea and to meet friends. She would bring her family to view the portraits in progress. It was astonishing, really – I was only twenty-two. She had an amazing presence. She was the consummate professional when it came to meeting people and making them feel welcome and comfortable, and she was interested in so many things. We’d chat about art. It was wonderful hearing her talk about sitting for artists like John Singer Sargent, Augustus John, Graham Sutherland, John Bratby and, of course, Gerald Kelly – she’d sat for everyone.’ As the Queen mother had been one of Richard’s first clients, it was with her encouragement and subscription that mr Stone was able to expand his confidence, technique and success into what we know

it as today. Following in the footsteps of his first royal subscriber, the members of the Queen mother’s family have continued to seek out mr Stone as their portrait painter of choice, something which has resulted in one royal commission per year since his first encounter with the Queen Consort of King George VI.

Royal artistic legacyDespite the famed royal pomp and pageantry which will come to pass in this month of June, it is the subtle and still works of art that have been produced which will continue to immortalise the symbolism and importance of the British monarchy for centuries to come. Culture, creativity, grace and symbolism are evident in many portraits of our royal family, but the stories behind these works are often untold and left to the imagination of the people at large. As events, trends and people come and go from this dimension, the one constant remainder for the people of Britain will be the special and important moments captured between a royal subject and their portrait painter, Richard Stone.


RichardStoneTHE MAJESTIC CREATOR OF ROYAL ART

BMS Richard Stone.indd All Pages 20/05/2014 11:46



Q ueen elizabeth ii was crowned on 2 June, 1953 in Westminster abbey. her Majesty was the thirty-ninth Sovereign to be crowned at

Westminster abbey.

the coronation of the new Sovereign follows some months after his or her accession, following a period of mourning and as a result of the enormous amount of preparation required to organise the ceremony.

the coronation ceremony has remained essentially the same over a thousand years.

For the last 900 years, the ceremony has taken place at Westminster abbey, london. the archbishop of Canterbury has almost always conducted the service since the norman Conquest in 1066.

Present are representatives of the houses of Parliament, Church and State. Prime ministers and leading citizens from the Commonwealth and representatives of other countries also attend.

the coronation is an occasion for pageantry and celebration, but it is also a solemn religious ceremony. During the ceremony, the Sovereign takes the coronation oath. the form and wording have varied over the centuries.

today, the Sovereign undertakes to rule according to law, to exercise justice with mercy – promises symbolised by the four

swords in the coronation regalia (the Crown Jewels) – and to maintain the Church of england.

the Sovereign is then ‘anointed, blessed and consecrated’ by the archbishop, whilst the Sovereign is seated in King edward’s chair (made in 1300, and used by every Sovereign since 1626).

after receiving the orb and sceptres, the archbishop places St edward’s Crown on the Sovereign’s head. after homage is paid by the archbishop of Canterbury and senior peers, holy Communion is celebrated.

unless decided otherwise, a Queen consort is crowned with the King, in a similar but simpler ceremony. if the new Sovereign is a Queen, her consort is not crowned or anointed at the coronation ceremony.

after the present Queen was crowned the Duke of edinburgh was the first, after the archbishops and bishops, to pay homage to her.

the Queen’s Coronation took place on 2 June 1953 following her accession on 6 February 1952.

The Queen’s Coronation Oaththe following is taken from the Order of Service for the Coronation.

the Queen having returned to her Chair, (her Majesty having already on tuesday, the 4th day of november, 1952, in the presence of the two houses of Parliament, made and signed the Declaration prescribed by act of Parliament), the archbishop standing before her shall administer the Coronation Oath, first asking the Queen:

‘Madam, is your Majesty willing to take the Oath?’ and the Queen answering: ‘i am willing’.

the archbishop shall minister these questions; and the Queen, having a book in her hands, shall answer each question severally as follows.

archbishop: ‘Will you solemnly promise and swear to govern the Peoples of the united Kingdom of Great britain and northern ireland, Canada, australia, new zealand, the union of South africa, Pakistan, and Ceylon, and of your Possessions and the other territories to any of them belonging or pertaining, according to their respective laws and customs?’

Queen: ‘i solemnly promise so to do.’

archbishop. ‘Will you to your power cause law and Justice, in Mercy, to be executed in all your judgements?’

Queen: ‘i will.’

archbishop: ‘Will you to the utmost of your power maintain the laws of God and the true profession of the Gospel? Will you to the utmost of your power maintain in the united Kingdom the Protestant Reformed Religion established by law? Will you maintain and preserve inviolably the settlement of the Church of england, and the doctrine, worship, discipline, and government thereof, as by law established in england? and will you preserve unto the bishops and Clergy of england, and to the Churches there committed to their charge, all such rights and privileges, as by law do or shall appertain to them or any of them?’

Queen Victoria’s coronation did not go as smoothly as it might.

the coronation ring, which had been made to fit her little finger, was forced on to her fourth finger by the archbishop of Canterbury and the Queen had to bathe her hand in iced water after the ceremony before she could remove it.

Despite that, the Queen later described the day as ‘the proudest of my life’.

Courtesy of www.royal.gov.uk

14 TerriTories, 16 realms and 53 CounTries, we presenT The world’s Queen

From Princess to Queen

pp6-7 Coronation 02.indd All Pages 21/05/2014 17:18



Q ueen elizabeth ii was crowned on 2 June, 1953 in Westminster abbey. her Majesty was the thirty-ninth Sovereign to be crowned at

Westminster abbey.

the coronation of the new Sovereign follows some months after his or her accession, following a period of mourning and as a result of the enormous amount of preparation required to organise the ceremony.

the coronation ceremony has remained essentially the same over a thousand years.

For the last 900 years, the ceremony has taken place at Westminster abbey, london. the archbishop of Canterbury has almost always conducted the service since the norman Conquest in 1066.

Present are representatives of the houses of Parliament, Church and State. Prime ministers and leading citizens from the Commonwealth and representatives of other countries also attend.

the coronation is an occasion for pageantry and celebration, but it is also a solemn religious ceremony. During the ceremony, the Sovereign takes the coronation oath. the form and wording have varied over the centuries.

today, the Sovereign undertakes to rule according to law, to exercise justice with mercy – promises symbolised by the four

swords in the coronation regalia (the Crown Jewels) – and to maintain the Church of england.

the Sovereign is then ‘anointed, blessed and consecrated’ by the archbishop, whilst the Sovereign is seated in King edward’s chair (made in 1300, and used by every Sovereign since 1626).

after receiving the orb and sceptres, the archbishop places St edward’s Crown on the Sovereign’s head. after homage is paid by the archbishop of Canterbury and senior peers, holy Communion is celebrated.

unless decided otherwise, a Queen consort is crowned with the King, in a similar but simpler ceremony. if the new Sovereign is a Queen, her consort is not crowned or anointed at the coronation ceremony.

after the present Queen was crowned the Duke of edinburgh was the first, after the archbishops and bishops, to pay homage to her.

the Queen’s Coronation took place on 2 June 1953 following her accession on 6 February 1952.

The Queen’s Coronation Oaththe following is taken from the Order of Service for the Coronation.

the Queen having returned to her Chair, (her Majesty having already on tuesday, the 4th day of november, 1952, in the presence of the two houses of Parliament, made and signed the Declaration prescribed by act of Parliament), the archbishop standing before her shall administer the Coronation Oath, first asking the Queen:

‘Madam, is your Majesty willing to take the Oath?’ and the Queen answering: ‘i am willing’.

the archbishop shall minister these questions; and the Queen, having a book in her hands, shall answer each question severally as follows.

archbishop: ‘Will you solemnly promise and swear to govern the Peoples of the united Kingdom of Great britain and northern ireland, Canada, australia, new zealand, the union of South africa, Pakistan, and Ceylon, and of your Possessions and the other territories to any of them belonging or pertaining, according to their respective laws and customs?’

Queen: ‘i solemnly promise so to do.’

archbishop. ‘Will you to your power cause law and Justice, in Mercy, to be executed in all your judgements?’

Queen: ‘i will.’

archbishop: ‘Will you to the utmost of your power maintain the laws of God and the true profession of the Gospel? Will you to the utmost of your power maintain in the united Kingdom the Protestant Reformed Religion established by law? Will you maintain and preserve inviolably the settlement of the Church of england, and the doctrine, worship, discipline, and government thereof, as by law established in england? and will you preserve unto the bishops and Clergy of england, and to the Churches there committed to their charge, all such rights and privileges, as by law do or shall appertain to them or any of them?’

Queen Victoria’s coronation did not go as smoothly as it might.

the coronation ring, which had been made to fit her little finger, was forced on to her fourth finger by the archbishop of Canterbury and the Queen had to bathe her hand in iced water after the ceremony before she could remove it.

Despite that, the Queen later described the day as ‘the proudest of my life’.

Courtesy of www.royal.gov.uk

14 TerriTories, 16 realms and 53 CounTries, we presenT The world’s Queen

From Princess to Queen

pp6-7 Coronation 02.indd All Pages 21/05/2014 17:18

Battersea Power Station – fastest selling development in Londonby Carlo Battaglino

Nearly all of the 254 homes planned for the second phase of the Battersea Power Station development have been snapped up by buyers eager to get a slice of the landmark

building, with 75 per cent of them British residents, its owners announced last month.

according to the Battersea Power Station Development Company, an astonishing 95 per cent of the flats were reserved within a week of being put on the market, which is thought to represent one of the fastest sales of premium homes in london.

Prices start at £800,000 for a studio, with one bedroom flats selling for £1m and four bedroom homes commanding £4m. Prices for the penthouses have not been disclosed but it is anticipated they will cost up to £30m upon completion.

London prices soar almost 30%by Guglielmo Scarpa

LonDon property prices continue to climb, with the latest data showing they have increased by 29.5% annually, vastly more than the rest of the UK where prices are up 7.4% over

the same period.

It means that the average price of a property in london is now £473,500 (while in the rest of the country it is £195,511), but this is not scaring investors as registrations across the UK are up 44.2% compared to a year ago.

on a monthly basis average UK house prices increased 2% in March compared with February and in london by 2.5%. likewise, on a monthly basis first time buyer prices are up 0.8%.

Spring has prompted renewed interest, with new buyers registering jumping 18.7% month on month in March, and first time buyers up 17.3%.

according to london agents it is good news that property market growth is spreading across the country – and that demand and supply remain imbalanced – with new properties for sale up 1.8% annually and new buyer registrations up 24.5% annually.

Green light for UCITS to invest in China’s Interbank Bond Marketby Amine Abbadie

New door to investment in China opens up in luxembourg, the CSSF (luxembourg Commission for the Supervision of the Financial Sector), authorised the luxembourg UCITS to

invest up to 100% in China a-shares under the rQFII Quota.

UCITS are a popular investment scheme for retail investors in many asian countries. By using an rQFII quota, the UCITS can totally invest a considering percentage of its net assets in the CIBM.

Bank of China limited, luxembourg Branch listed its first offshore-rMB “Schengen” bond on the luxembourg stock exchange for an amount of rMB 1.5 billion.

The “Schengen” bond has enabled Bank of China to become the first Mainland Chinese Company to launch its rMB bonds in the eurozone. The choice of luxembourg as a listing place reflects the commitment of the Bank of China Group toward europe and especially luxembourg as an international financial centre.

Twitter shares down this monthby Helen Aletra

TwITTer stock dropped by around 18% in early trading on Tuesday 13th May, falling below $35 and by the end of the day to $31.85 a share since its first IPo, after a considerable

stock lockup period expired on the Monday 12th May.

Twitter insiders and early investors were able to hit the market and cash in for the first time with their accumulated 480 million shares, which in turn would have inflated the number of shares trading on the market and resulted in the company’s stocks falling to its lowest trading price since going public in november.

It is common to see a dip in stock prices for companies once the lockup period expires. Twitter seems to be more symbolic than Google’s drop in shares, and also Facebook’s gain, considering most expected Facebook’s stock to descend rather than rise. when Facebook shares became eligible for trading in november 2012 many expected the stock to tumble after its unsteady beginning to public trading. Facebook’s shares soared by 12.6% which saw Facebook double in value over the next 12 months.

Below is a chart created which details how Twitter stock prices post –lockup compare to other companies:

Kuwait buys London mayor’s headquarters for $20.8BN

A KUwaITI investment firm has brought the london property development, which houses the office of london’s mayor for 1.7 billion pounds ($2.8 billion). St Martins Group, the UK

investment vehicle of Kuwait’s government, acquired more london from london Bridge Holdings. The development, which stands next to Tower Bridge in Southwark, includes Boris Johnson’s headquarters City Hall.

when completed formally, the sale will be one of the largest UK property deals ever.

as well as housing City Hall, the 10-year old development also includes a sunken amphitheatre and offices let to corporate businesses including PwC, ernst & young, norton rose and Terra Firma Capital.

The purchase adds to a growing portfolio for St. Martins, which already owns several prominent properties including Hay’s Galleria, situated very close to City Hall, and 60 Threadneedle Street in london’s financial district.

“This transaction underscores the success of london Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre,” said london Bridge Holdings.

EDITION | NEWS

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First Eurozone Islamic Bank to open in Luxembourg

EUrISBanK, the first Islamic bank in the eurozone, will open in luxembourg after a consortium of Gulf businessmen and the Uae royal family signed an agreement to set up the bank.

Headquartered in luxembourg, the bank will have a start-up capital of 60 million euros and plans to have branches in Paris, Brussels, The netherlands and Frankfurt. The lender will offer services in retail, cooperate and private banking. The bank will be launched in the fourth quarter of 2014.

To ConneCT the future configuration of the global market with a “market moment” might sound bizarre. But

this is exactly what several think tanks are doing at this moment, mostly in closed-door sessions. The trend shows a possible fragmentation of the global market into regional blocks – which is not a problem per se. The bigger threat is that each block’s degree of openness to the international circulation of capital, goods, information and people might become less and less – and if the markets begin to smell such a scenario, that could be a far bigger problem. Firstly, the geopolitical uncertainty wouldn’t be manageable through monetary policy instruments, creating a structurally destabilising effect meaning long term interest rates might go up. Secondly, the stock markets are structured around the potential for unlimited future growth – should that be inverted it would destroy the main locomotive of the financial system.

Should the analysts tracking the probability of this possible future shock keep their mouth shut to avoid premature warnings, or should they make explicit the risk? I chose the second option because I observe that many market actors are increasingly inserting geopolitical scenarios in their financial and business calculations, led by the evidence of a growing world disorder signalled by the increase of internationally unmanaged conflicts: Ukraine, China-Japan, China-Vietnam and northern africa. From this observation, to the realisation that no one is managing the globe, the road is short. In the past the openness of the global market has been defended by the american empire, as the British one did for centuries. But its global governing capacity and appetite is shrinking.

The Chinese empire has a pro-openness posture for defending its export interests, but it is not doing anything active. The eurozone is led by a Germany more

interested in acting as a neutral mercantile power than a globally stabilising one; russia is reconstructing its regional empire. Beyond that, the G20 is a joke, the G7 an impotent residual of the past. Can we envision a new active source of world order and defend the global market openness? The network of bilateral free trade agreements among democracies, both in the Pacific (TTP) and the atlantic (TTIP), look promising. In any case, it seems prudent to me to stimulate solutions today before the problems become too evident tomorrow.

Prof. Carlo Pelanda, is Director of the PH. D. Programme in Geopolitical Economy, Marconi University, Rome, and Member of the Academic and Policy Board of the Oxford Institute for Economic Policy (OXONIA), Oxford.

www.carlopelanda.com

A global governance to be restoredBy Professor Carlo Pelanda

News in Brief.indd All Pages 22/05/2014 17:14

Battersea Power Station – fastest selling development in Londonby Carlo Battaglino

Nearly all of the 254 homes planned for the second phase of the Battersea Power Station development have been snapped up by buyers eager to get a slice of the landmark

building, with 75 per cent of them British residents, its owners announced last month.

according to the Battersea Power Station Development Company, an astonishing 95 per cent of the flats were reserved within a week of being put on the market, which is thought to represent one of the fastest sales of premium homes in london.

Prices start at £800,000 for a studio, with one bedroom flats selling for £1m and four bedroom homes commanding £4m. Prices for the penthouses have not been disclosed but it is anticipated they will cost up to £30m upon completion.

London prices soar almost 30%by Guglielmo Scarpa

LonDon property prices continue to climb, with the latest data showing they have increased by 29.5% annually, vastly more than the rest of the UK where prices are up 7.4% over

the same period.

It means that the average price of a property in london is now £473,500 (while in the rest of the country it is £195,511), but this is not scaring investors as registrations across the UK are up 44.2% compared to a year ago.

on a monthly basis average UK house prices increased 2% in March compared with February and in london by 2.5%. likewise, on a monthly basis first time buyer prices are up 0.8%.

Spring has prompted renewed interest, with new buyers registering jumping 18.7% month on month in March, and first time buyers up 17.3%.

according to london agents it is good news that property market growth is spreading across the country – and that demand and supply remain imbalanced – with new properties for sale up 1.8% annually and new buyer registrations up 24.5% annually.

Green light for UCITS to invest in China’s Interbank Bond Marketby Amine Abbadie

New door to investment in China opens up in luxembourg, the CSSF (luxembourg Commission for the Supervision of the Financial Sector), authorised the luxembourg UCITS to

invest up to 100% in China a-shares under the rQFII Quota.

UCITS are a popular investment scheme for retail investors in many asian countries. By using an rQFII quota, the UCITS can totally invest a considering percentage of its net assets in the CIBM.

Bank of China limited, luxembourg Branch listed its first offshore-rMB “Schengen” bond on the luxembourg stock exchange for an amount of rMB 1.5 billion.

The “Schengen” bond has enabled Bank of China to become the first Mainland Chinese Company to launch its rMB bonds in the eurozone. The choice of luxembourg as a listing place reflects the commitment of the Bank of China Group toward europe and especially luxembourg as an international financial centre.

Twitter shares down this monthby Helen Aletra

TwITTer stock dropped by around 18% in early trading on Tuesday 13th May, falling below $35 and by the end of the day to $31.85 a share since its first IPo, after a considerable

stock lockup period expired on the Monday 12th May.

Twitter insiders and early investors were able to hit the market and cash in for the first time with their accumulated 480 million shares, which in turn would have inflated the number of shares trading on the market and resulted in the company’s stocks falling to its lowest trading price since going public in november.

It is common to see a dip in stock prices for companies once the lockup period expires. Twitter seems to be more symbolic than Google’s drop in shares, and also Facebook’s gain, considering most expected Facebook’s stock to descend rather than rise. when Facebook shares became eligible for trading in november 2012 many expected the stock to tumble after its unsteady beginning to public trading. Facebook’s shares soared by 12.6% which saw Facebook double in value over the next 12 months.

Below is a chart created which details how Twitter stock prices post –lockup compare to other companies:

Kuwait buys London mayor’s headquarters for $20.8BN

A KUwaITI investment firm has brought the london property development, which houses the office of london’s mayor for 1.7 billion pounds ($2.8 billion). St Martins Group, the UK

investment vehicle of Kuwait’s government, acquired more london from london Bridge Holdings. The development, which stands next to Tower Bridge in Southwark, includes Boris Johnson’s headquarters City Hall.

when completed formally, the sale will be one of the largest UK property deals ever.

as well as housing City Hall, the 10-year old development also includes a sunken amphitheatre and offices let to corporate businesses including PwC, ernst & young, norton rose and Terra Firma Capital.

The purchase adds to a growing portfolio for St. Martins, which already owns several prominent properties including Hay’s Galleria, situated very close to City Hall, and 60 Threadneedle Street in london’s financial district.

“This transaction underscores the success of london Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre,” said london Bridge Holdings.

EDITION | NEWS

www.hamblegroup.com8 www.hamblegroup.com 9

First Eurozone Islamic Bank to open in Luxembourg

EUrISBanK, the first Islamic bank in the eurozone, will open in luxembourg after a consortium of Gulf businessmen and the Uae royal family signed an agreement to set up the bank.

Headquartered in luxembourg, the bank will have a start-up capital of 60 million euros and plans to have branches in Paris, Brussels, The netherlands and Frankfurt. The lender will offer services in retail, cooperate and private banking. The bank will be launched in the fourth quarter of 2014.

To ConneCT the future configuration of the global market with a “market moment” might sound bizarre. But

this is exactly what several think tanks are doing at this moment, mostly in closed-door sessions. The trend shows a possible fragmentation of the global market into regional blocks – which is not a problem per se. The bigger threat is that each block’s degree of openness to the international circulation of capital, goods, information and people might become less and less – and if the markets begin to smell such a scenario, that could be a far bigger problem. Firstly, the geopolitical uncertainty wouldn’t be manageable through monetary policy instruments, creating a structurally destabilising effect meaning long term interest rates might go up. Secondly, the stock markets are structured around the potential for unlimited future growth – should that be inverted it would destroy the main locomotive of the financial system.

Should the analysts tracking the probability of this possible future shock keep their mouth shut to avoid premature warnings, or should they make explicit the risk? I chose the second option because I observe that many market actors are increasingly inserting geopolitical scenarios in their financial and business calculations, led by the evidence of a growing world disorder signalled by the increase of internationally unmanaged conflicts: Ukraine, China-Japan, China-Vietnam and northern africa. From this observation, to the realisation that no one is managing the globe, the road is short. In the past the openness of the global market has been defended by the american empire, as the British one did for centuries. But its global governing capacity and appetite is shrinking.

The Chinese empire has a pro-openness posture for defending its export interests, but it is not doing anything active. The eurozone is led by a Germany more

interested in acting as a neutral mercantile power than a globally stabilising one; russia is reconstructing its regional empire. Beyond that, the G20 is a joke, the G7 an impotent residual of the past. Can we envision a new active source of world order and defend the global market openness? The network of bilateral free trade agreements among democracies, both in the Pacific (TTP) and the atlantic (TTIP), look promising. In any case, it seems prudent to me to stimulate solutions today before the problems become too evident tomorrow.

Prof. Carlo Pelanda, is Director of the PH. D. Programme in Geopolitical Economy, Marconi University, Rome, and Member of the Academic and Policy Board of the Oxford Institute for Economic Policy (OXONIA), Oxford.

www.carlopelanda.com

A global governance to be restoredBy Professor Carlo Pelanda

News in Brief.indd All Pages 22/05/2014 17:14


The Casa di Cura San Francesco, in Verona, Italy, is a well-established private clinic accredited by the NhS, assisting patients with

orthopaedic trauma pathologies from diagnosis to treatment and rehabilitation. Patients can be either hospitalized or be treated as an outpatient, privately or through the NhS. It has adopted pioneering robotic surgery techniques to improve knee and hpt replacements.

Training specialists across EuropeThe Casa di Cura has been nominated as the first official training centre in europe for robotic surgery, thanks to American company MAKO Surgical. The orthopaedic team, headed by Dr. Piergiuseppe Perazzini, trains medical staff from all over europe in innovative techniques for robotic knee and hip prosthesis replacement using MAKOplasty® technology from American company MAKO. Dr. Perazzini carried out the first unicompartmental knee arthroplasty operation outside the US, in January 2011 and in December Dr. Perazzini performed the first hip prosthesis replacement with the help of the MAKO system.

Perfect planning“Regarding the hip, the main advantage with robotic surgery, apart from the fact that you can perfectly plan the implant before

the surgery,” says Dr Perazzini, “is that you can restore the rotation centre optimizing the muscle strengths that act on the components. In this way, it is possible to reduce the prosthesis instability risks in the short and medium term, which are normally linked to a wrong positioning. It’s also possible to check the length of the limbs and this is fundamental during the surgery.”

Less invasion, less hospitalisation, more patientsThe innovation of robotic surgery is the way in which the titanium prosthesis is applied

and its adaption to the patients’ body. In terms of the knee, the main advantage is in obtaining the ideal positioning for each joint, correcting deformations and perfectly balancing the ligaments. The invasiveness is minimum and the precision is three times better in comparison to traditional techniques. As a result, the number of patients that can undertake uni-compartmental prosthesis replacement has considerably grown, the rehabilitation after the surgery is much quicker and the period of hospitalization shorter with the patient going home three days after surgery in 75% of cases, as opposed to the week in hospital required by traditional surgery.

Training hubThe robot used in the surgery is manufactured in the US and the Casa di Cura San Francesco is the first clinic in europe to have used it, and it liaises with its American partner to provide courses to familiarise other european clinics. “To them, we are their reference centre,” says Dr Perazzini.

www.casadicurasfrancesco.it

EDITION | MEDICAL NEWS

THE CASA DI CURA SAN FRANCESCOInterview with Dr Perazzini, Head of Europe’s leading hip and knee robotic surgery (MAKOplasty®) clinic

pp10-11 Perranzini DPS 02.indd All Pages 21/05/2014 14:19


The Casa di Cura San Francesco, in Verona, Italy, is a well-established private clinic accredited by the NhS, assisting patients with

orthopaedic trauma pathologies from diagnosis to treatment and rehabilitation. Patients can be either hospitalized or be treated as an outpatient, privately or through the NhS. It has adopted pioneering robotic surgery techniques to improve knee and hpt replacements.

Training specialists across EuropeThe Casa di Cura has been nominated as the first official training centre in europe for robotic surgery, thanks to American company MAKO Surgical. The orthopaedic team, headed by Dr. Piergiuseppe Perazzini, trains medical staff from all over europe in innovative techniques for robotic knee and hip prosthesis replacement using MAKOplasty® technology from American company MAKO. Dr. Perazzini carried out the first unicompartmental knee arthroplasty operation outside the US, in January 2011 and in December Dr. Perazzini performed the first hip prosthesis replacement with the help of the MAKO system.

Perfect planning“Regarding the hip, the main advantage with robotic surgery, apart from the fact that you can perfectly plan the implant before

the surgery,” says Dr Perazzini, “is that you can restore the rotation centre optimizing the muscle strengths that act on the components. In this way, it is possible to reduce the prosthesis instability risks in the short and medium term, which are normally linked to a wrong positioning. It’s also possible to check the length of the limbs and this is fundamental during the surgery.”

Less invasion, less hospitalisation, more patientsThe innovation of robotic surgery is the way in which the titanium prosthesis is applied

and its adaption to the patients’ body. In terms of the knee, the main advantage is in obtaining the ideal positioning for each joint, correcting deformations and perfectly balancing the ligaments. The invasiveness is minimum and the precision is three times better in comparison to traditional techniques. As a result, the number of patients that can undertake uni-compartmental prosthesis replacement has considerably grown, the rehabilitation after the surgery is much quicker and the period of hospitalization shorter with the patient going home three days after surgery in 75% of cases, as opposed to the week in hospital required by traditional surgery.

Training hubThe robot used in the surgery is manufactured in the US and the Casa di Cura San Francesco is the first clinic in europe to have used it, and it liaises with its American partner to provide courses to familiarise other european clinics. “To them, we are their reference centre,” says Dr Perazzini.

www.casadicurasfrancesco.it

EDITION | MEDICAL NEWS

THE CASA DI CURA SAN FRANCESCOInterview with Dr Perazzini, Head of Europe’s leading hip and knee robotic surgery (MAKOplasty®) clinic

pp10-11 Perranzini DPS 02.indd All Pages 21/05/2014 14:19

www.hamblegroup.com12

Deepali NaNgia runs her own business consultancy, Empower, which provides business planning and strategic advice to

women entrepreneurs, charities and social enterprises. She is currently working on a micro-finance crowdfunding platform for women.

i’ve been investigating crowdfunding recently. it is a young industry and therefore solid data is scarce, but in general terms is crowdfunding actually going to make you any money?

Winner or waste?The investment industry has traditionally been restricted by due diligence undertaken by angel investors before determining whether or not an investment is potentially a winner or a waste of time.

My background in the VC world predisposes me to think ‘Management, management, management’ when i look

for winning deals, but the the odds of an entrepreneur actually making it are so low, does the due diligence really matter?

Easy accessCrowdfunding offers a portfolio based approach with very easy to access deals and greater transparency. even Warren Buffet says: “By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.” providing you are spreading your money over lots of deals and dollar cost averaging by participating in lower valuation rounds, there is no reason why this strategy would not be sound.

Numbers gameWhile i am not entirely convinced just yet, there is no doubt that when it comes to influence and connecting the entrepreneur to sources of value, asking a thousand

shareholders through the crowd roster gives you better odds of getting to those sources than one or two angel investors.

Analysis paralysisOver the next few years we will see whether angels end up only investing in transactions that the crowd is not geared up to understand, and whether the crowdfunding platform will evolve into offering an advisory and listing service to help potential funders understand more complex businesses. This seems likely as i have seen technology disintermediate many industries in the last fifteen years.

Hot tipUltimately, no matter which betting platform i use when i go to ascot, i still end up betting on the horse with the highest odds. and although i’m therefore investing with the crowd, i’ve done my research!

@HeditionMag #crowdfunding

EDITION | BUSINESS NEWS

Deepali Nangia, the head of business consultancy, Empower, talks us through the benefits and pitfalls of crowdfunding.

Get some

CROWD CONTROL

pp12 Crowdfunding.indd 12 22/05/2014 17:35


Interest rates in the UK have been maintained at a record low level of 0.5% since 2009 in order to stimulate the economy and ignite growth

amidst a severe economic downturn. However, recent positive data on various fronts suggests that the UK’s economy has emerged from the doldrums, and this has prompted some experts to call for an assertive response by the MPC.

the Bank of england had previously signalled that if unemployment levels were to fall below 7%, this might be the trigger for a rate hike. However, it is now believed that there is still room for the economy to grow further before an increase is necessary, despite figures from the Office for national statistics in April and May showing that unemployment had dropped to 6.9% and 6.8% respectively.

It is a widely held belief that a rate rise would begin to cool down an overheating domestic real estate market and help to prevent another housing bubble. this news would be welcomed by those currently looking to buy, as demand increasingly outstrips supply in the UK. Whilst attempting to redress the balance with a deluge of new builds is arguably the most sustainable strategy, a more immediate response to satisfy those looking to move

or invest could be the implementation of financial policy.

savers will also desperately be seeking an increase of interest rates after seeing poor returns effectively erode savings for a near-eternity; the MPC’s intention being to flush the money out of bank accounts and into the cash registers of UK merchants. It remains to be seen whether banks and building societies will immediately share the benefits of interest gains once effected, but a small change would be hailed by frustrated savers nonetheless.

Conversely, good news for those with credit means bad news for the majority of those in debt – although a base rate rise may favour prospective home-buyers, it would be less welcomed by those who already own property and pay a mortgage. Whereas banks may not pass on the full extent of interest gains to savers, those with loans are all but certain to feel the

Interest Rate: Time for Action?By Andy Curle

The Governor of the Bank of England has stated that the UK’s base interest rate will not change, despite calls from economists to force an increase. Mark Carney and his Monetary Policy Committee’s (MPC) reluctance to waiver from its strategy has the backing of many, but some experts believe that now is the time for positive action.

full effects of a rise. this has prompted various commentators and concerned industry figures to stress the importance that mortgage payers with non-fixed plans assess their finances and ensure that their budgets could absorb an increase.

Although the rise is inevitable, it does not appear to be imminent. Despite the views of some that the optimum time to act has already passed, the MPC’s guidance indicates that rates will remain unchanged until early next year – although no fixed date has been decided yet. even once an increase is announced, the Committee has advised that rates will remain low for the next two to three years and that any subsequent escalations will be gradual, in order to cultivate expansion and wind in the last of the economic slack.

the outlook seemingly remains strong for the UK economy, although Carney et al continue to exercise a degree of caution, even in the face of mounting pressure from expectant economists. their policies and patient approach appear to emphasise the fragility of a recovery which the MPC, the Chancellor of the exchequer and the tax payer have worked so hard to achieve.

tweet us your thoughts @HeditionMag #interestrates

“…good news for those with credit means bad news for those in debt”

pp13 Andy Curle.indd 13 20/05/2014 16:36


The appointment of Burberry’s Chief executive Angela Ahrendts at Apple suggests Apple does not simply plan to dip its toe in the fashion

pool, but intends to fully submerge itself. With the current hype over the marriage of the fashion and technology industries, Sarah Walsh, Associate at Taylor Vinters LLP and fashion law expert asks whether the collaboration between technology and fashion will really take off, or whether it is just the latest fad. Sarah also looks at the serious data protection implications that designers and developers of fashion-led technology need to be aware of.

A history of fashionWhen looking back on years gone by and what has really driven the fashion industry to go from strength to strength, a recurring theme crops up – function.

Take Coco Chanel, for example. In the 1920s Chanel revolutionised women’s fashion, wanting to break away from the conformity of restrictive clothing. At the forefront of post-war women’s fashion, Chanel favoured comfort and liberty over the constraints of corsets and petticoats. “Luxury must be comfortable, otherwise it is not luxury”1 she said.

Chanel recognised that to better perform her work as a dressmaker, clothing that allowed her to move easily, kneel and bend down was better suited to her work and the work of the modern woman of her time. To the surprise of her contemporaries, Chanel did away with corsets, trailing skirts, fitted sleeves and pinched in waists and instead created garments with dropped waists and shorter hemlines.

her designs were inspired by typical menswear tailoring when creating her iconic suits and she used materials such

as jersey that had only previously been used for making underwear for men. This allowed for free and unrestricted movement, while retaining an element of class and style. Chanel wanted to design clothing for real women and produced simple, practical and comfortable clothing.

Throughout this ground-breaking change in fashion, it remained important that Chanel’s designs sustained style, but it is easy to forget that the driving factor of this dramatic transformation was function over form.

Function over formA major force in fashion progression is the development of functional wants or needs in society. Could it therefore be the case that our functional needs are again changing as the digital age progresses and our want of developing technology increases?

The function of a T-shirt was once to keep a person cool on a warm day, but can it be argued that the function of a T-shirt is becoming no longer just this?

Take Cutecircuit2 for example, a fashion haute couture brand that has designed and made clothes for the likes of Katy Perry. Katy’s Met Gala dress, designed and created by Cutecircuit, changed colour throughout the Met Gala night as hundreds of tiny LeD lights sewn into the dress changed from colour to colour. Or the Twitter dress, again designed and created by Cutecircuit and worn by Nicole Scherzinger, that displayed Tweets from her fans as she performed on stage. Could it be that a person’s ideals of what they want from their clothes are changing so that they must now encompass some form of technology, along with the ability to look good?

Cutecircuit’s hug shirt is a T-shirt that connects to a mobile device and has

sensors woven into the fabric of the shirt. If you wear a shirt and connect with a friend also wearing one of the shirts, the T-shirt will send your friend a hug, no matter what distance you are apart. If you hug your arms around the shirt, the sensors pick up on these pressure points and send a message to your friend’s shirt, which triggers similar pressure points in their shirt, giving the sense of receiving a hug.

A new exciting technology, due to be launched very soon is Smart jewellery designed and created by Kovert Designs3. A small circuit board embedded in a stone that can be interchanged from a ring to a pendant connects to a Smart device and when certain person calls, sends a text message or an email, or even connects through other social media, the jewellery will vibrate to notify the wearer. I asked Fabio Pania, co-founder of Kovert Designs, to comment on the current buzz around the merger between fashion and technology. he said,

“The intersection between the fashion and technology industries is a new and emerging space, currently receiving lots of attention in the media and from investors.

“People are starting to realise that technology cannot only be beautiful, but it must be. For too long technology has only been associated with function and usefulness. Technology and beauty are

not opposites; they can be two sides of the same coin. Kovert Designs is bridging or rather “fusing” together great design and bespoke electronics to deliver the products that people want to use and wear every day.”

For the two to work together and have some chance of sticking around, it seems that no matter how ingenious the technology is, nor how many wonderful gadgets may become available, for the technology to be fashionable and have some chance of becoming the next big thing in the fashion industry, it needs to look good in addition to serving a function craved by the masses. As highlighted above it would seem that although changes in fashion are often fuelled by changes in function, function being the driving force and form coming secondary, it is still of huge importance that the design looks great!

The retail sector eagerly awaits what the future has in store for products such as Google Glass and the fervently anticipated iWatch. Now that the functions have been established, will more investment go into the aesthetics of the products making them desirable to those fashionistas who would not be seen dead wearing Google Glass in its current form? The appointment of Angela Ahrendts at Apple and Ivy Ross at Google Glass certainly suggests that

such large corporate entities are taking the notion of technology in fashion very seriously. They are taking the marriage of the two industries to the next level and are confident that this market is worthy of investment and is here to stay.

Legal implications of data collectionSo with such easy accessibility to technology and data becoming easily collected and transmitted by such devices, particularly since it is now becoming part of a person’s everyday outfit, what legal issues might this raise?

The fashion industry regularly needs legal guidance in relation to contractual and intellectual property matters, but the fusion between fashion and technology also shines a light on issues concerning data processing and privacy, particularly when this concerns the transmission of personal data, but what is meant by personal data and processing?

Legally personal data means any information that links to or can identify an individual. This can include a person’s name, residential address or arguably their email or internet protocol address, to name a few examples. Processing also has a very broad meaning under the law and

comprises obtaining, recording, holding, using, disclosing or erasing data4.

If personal information about an individual is processed by a third party, without the informed consent of the individual, then the party processing the data could face serious legal ramifications. Further, if a person starts to bring their own device to work, for instance their Google Glass, then this may have a serious impact on the privacy of other employees and could cause problems for an employer who does not have the correct policies in place to avoid such legal pitfalls.

Below are the top 5 tips that anyone developing technology, so easily accessible as fashion technology, should think about.

Top 5 tips

1 Inform users whenever you collect personal data from them.

2 Obtain users’ informed consents to process their data:

a. let users know what their personal data will be used for, e.g. to improve the service to them; and

b. ensure you do not pass on users’ personal information to third parties – if you do, be sure to inform users in advance, letting them know why their information is being passed on and what it will be used for.

3 Do not collect any personal information from users that you do not need.

4 Do not keep users’ data for longer than is required.

5 ensure you have appropriate online security in place.

The verdictSo technology in fashion, is it the new black? It seems fair to say that with recent high profile investments in the fashion and technology industries, coupled with the development of technological function in fashion, it will not be going away any time soon!

If you have enjoyed reading this article and would like to learn more about any of the issues raised above then don’t hesitate to contact [email protected].

1 The Biography.com website re Coco Chanel, accessed 20th May 2014, available from: http://www.biography.com/people/coco-chanel-9244165

2 Cutecircuit website, accessed 20th May 2014, available at: http://cutecircuit.com/

3 Kovert Designs’ website, accessed 20th may 2014, available at: http://kovertdesigns.com/

4 Section 1(1) Data Protection Act 1998

EDITION | FASHION & TECHNOLOGY

– fad or future?Technology in Fashion

Technology in Fashion

pp14-15 Tech in Fashion.indd All Pages 22/05/2014 15:20


The appointment of Burberry’s Chief executive Angela Ahrendts at Apple suggests Apple does not simply plan to dip its toe in the fashion

pool, but intends to fully submerge itself. With the current hype over the marriage of the fashion and technology industries, Sarah Walsh, Associate at Taylor Vinters LLP and fashion law expert asks whether the collaboration between technology and fashion will really take off, or whether it is just the latest fad. Sarah also looks at the serious data protection implications that designers and developers of fashion-led technology need to be aware of.

A history of fashionWhen looking back on years gone by and what has really driven the fashion industry to go from strength to strength, a recurring theme crops up – function.

Take Coco Chanel, for example. In the 1920s Chanel revolutionised women’s fashion, wanting to break away from the conformity of restrictive clothing. At the forefront of post-war women’s fashion, Chanel favoured comfort and liberty over the constraints of corsets and petticoats. “Luxury must be comfortable, otherwise it is not luxury”1 she said.

Chanel recognised that to better perform her work as a dressmaker, clothing that allowed her to move easily, kneel and bend down was better suited to her work and the work of the modern woman of her time. To the surprise of her contemporaries, Chanel did away with corsets, trailing skirts, fitted sleeves and pinched in waists and instead created garments with dropped waists and shorter hemlines.

her designs were inspired by typical menswear tailoring when creating her iconic suits and she used materials such

as jersey that had only previously been used for making underwear for men. This allowed for free and unrestricted movement, while retaining an element of class and style. Chanel wanted to design clothing for real women and produced simple, practical and comfortable clothing.

Throughout this ground-breaking change in fashion, it remained important that Chanel’s designs sustained style, but it is easy to forget that the driving factor of this dramatic transformation was function over form.

Function over formA major force in fashion progression is the development of functional wants or needs in society. Could it therefore be the case that our functional needs are again changing as the digital age progresses and our want of developing technology increases?

The function of a T-shirt was once to keep a person cool on a warm day, but can it be argued that the function of a T-shirt is becoming no longer just this?

Take Cutecircuit2 for example, a fashion haute couture brand that has designed and made clothes for the likes of Katy Perry. Katy’s Met Gala dress, designed and created by Cutecircuit, changed colour throughout the Met Gala night as hundreds of tiny LeD lights sewn into the dress changed from colour to colour. Or the Twitter dress, again designed and created by Cutecircuit and worn by Nicole Scherzinger, that displayed Tweets from her fans as she performed on stage. Could it be that a person’s ideals of what they want from their clothes are changing so that they must now encompass some form of technology, along with the ability to look good?

Cutecircuit’s hug shirt is a T-shirt that connects to a mobile device and has

sensors woven into the fabric of the shirt. If you wear a shirt and connect with a friend also wearing one of the shirts, the T-shirt will send your friend a hug, no matter what distance you are apart. If you hug your arms around the shirt, the sensors pick up on these pressure points and send a message to your friend’s shirt, which triggers similar pressure points in their shirt, giving the sense of receiving a hug.

A new exciting technology, due to be launched very soon is Smart jewellery designed and created by Kovert Designs3. A small circuit board embedded in a stone that can be interchanged from a ring to a pendant connects to a Smart device and when certain person calls, sends a text message or an email, or even connects through other social media, the jewellery will vibrate to notify the wearer. I asked Fabio Pania, co-founder of Kovert Designs, to comment on the current buzz around the merger between fashion and technology. he said,

“The intersection between the fashion and technology industries is a new and emerging space, currently receiving lots of attention in the media and from investors.

“People are starting to realise that technology cannot only be beautiful, but it must be. For too long technology has only been associated with function and usefulness. Technology and beauty are

not opposites; they can be two sides of the same coin. Kovert Designs is bridging or rather “fusing” together great design and bespoke electronics to deliver the products that people want to use and wear every day.”

For the two to work together and have some chance of sticking around, it seems that no matter how ingenious the technology is, nor how many wonderful gadgets may become available, for the technology to be fashionable and have some chance of becoming the next big thing in the fashion industry, it needs to look good in addition to serving a function craved by the masses. As highlighted above it would seem that although changes in fashion are often fuelled by changes in function, function being the driving force and form coming secondary, it is still of huge importance that the design looks great!

The retail sector eagerly awaits what the future has in store for products such as Google Glass and the fervently anticipated iWatch. Now that the functions have been established, will more investment go into the aesthetics of the products making them desirable to those fashionistas who would not be seen dead wearing Google Glass in its current form? The appointment of Angela Ahrendts at Apple and Ivy Ross at Google Glass certainly suggests that

such large corporate entities are taking the notion of technology in fashion very seriously. They are taking the marriage of the two industries to the next level and are confident that this market is worthy of investment and is here to stay.

Legal implications of data collectionSo with such easy accessibility to technology and data becoming easily collected and transmitted by such devices, particularly since it is now becoming part of a person’s everyday outfit, what legal issues might this raise?

The fashion industry regularly needs legal guidance in relation to contractual and intellectual property matters, but the fusion between fashion and technology also shines a light on issues concerning data processing and privacy, particularly when this concerns the transmission of personal data, but what is meant by personal data and processing?

Legally personal data means any information that links to or can identify an individual. This can include a person’s name, residential address or arguably their email or internet protocol address, to name a few examples. Processing also has a very broad meaning under the law and

comprises obtaining, recording, holding, using, disclosing or erasing data4.

If personal information about an individual is processed by a third party, without the informed consent of the individual, then the party processing the data could face serious legal ramifications. Further, if a person starts to bring their own device to work, for instance their Google Glass, then this may have a serious impact on the privacy of other employees and could cause problems for an employer who does not have the correct policies in place to avoid such legal pitfalls.

Below are the top 5 tips that anyone developing technology, so easily accessible as fashion technology, should think about.

Top 5 tips

1 Inform users whenever you collect personal data from them.

2 Obtain users’ informed consents to process their data:

a. let users know what their personal data will be used for, e.g. to improve the service to them; and

b. ensure you do not pass on users’ personal information to third parties – if you do, be sure to inform users in advance, letting them know why their information is being passed on and what it will be used for.

3 Do not collect any personal information from users that you do not need.

4 Do not keep users’ data for longer than is required.

5 ensure you have appropriate online security in place.

The verdictSo technology in fashion, is it the new black? It seems fair to say that with recent high profile investments in the fashion and technology industries, coupled with the development of technological function in fashion, it will not be going away any time soon!

If you have enjoyed reading this article and would like to learn more about any of the issues raised above then don’t hesitate to contact [email protected].

1 The Biography.com website re Coco Chanel, accessed 20th May 2014, available from: http://www.biography.com/people/coco-chanel-9244165

2 Cutecircuit website, accessed 20th May 2014, available at: http://cutecircuit.com/

3 Kovert Designs’ website, accessed 20th may 2014, available at: http://kovertdesigns.com/

4 Section 1(1) Data Protection Act 1998

EDITION | FASHION & TECHNOLOGY

– fad or future?Technology in Fashion

Technology in Fashion

pp14-15 Tech in Fashion.indd All Pages 22/05/2014 15:20


Seven Le Mans Series races have taken place at Silverstone since 2004 and from the 18th to the 20th April 2014, the Series returned

as part of the european Le Mans tour. We were there to witness behind the scenes action of the renowned 4 Hours of Silverstone race.

Silverstone, a true British institution, lies in between the northamptonshire villages of Silverstone and Whittlebury, and has hosted the British Grand Prix since 1948. It was built on the site of a World War II Royal Air Force bomber station, and has since staged some of the most spectacular races in motor sport history, leading to it being universally acknowledged as the Home of British Motor Racing.

Hamble Real estate was lucky enough to sponsor the stunning Ferrari 458 Italia. AF Corse is an Italian racing team founded by former racing driver Amato Ferrari back in 2002, and they now take part in some of the world’s biggest races, including the FIA World endurance Championship, Asian Le Mans Series, International GT Open, and of course the european Le Mans Series.

As we ventured trackside the tension was palpable, with the excitement building to a crescendo amidst the inimitable roar of the Ferrari 458 Italia #54 engine. The pit stop mechanics carried out their last few

checks, making sure every inch of the car was up to the formidable challenge ahead.

We spoke to Frederiko, a pit stop mechanic for the AF Corse team, who told us how becoming a member of the Pit Stop team felt like a natural progression for him given his history in, and passion for, mechanics. Getting to travel the world with a team he sees as family was a welcome bonus, he added.

The 3 drivers: Piergiuseppe Perazzini, Marco Cioci and Michael Lyons were sat in silence, mentally preparing for the harsh realities of the race; 4 hours of solid racing between the 3 of them, against 39 other teams.

At 2:15 pm, we all took our places and gathered in front of the screens, bursting with anticipation for the race to start. The flag dropped and 49 engines roared, marking the beginning of this prestigious race.

We were lucky enough to speak with AF Corse driver Michael Lyons, who at just 23 years old has a national ranking of 63rd with 36 wins out of 173 races entered. The passion and energy with which Michael spoke about fulfilling his lifetime dream shone throughout.

What inspired you to become a racing driver?

When I look back at my childhood, I

was just surrounded by fast, high octane sport. My father raced enduro bikes as a hobby before moving into cars when I was about four or five. From then on that was it. I think the week his first race car came home I was pushing for my chance.

What age did you start racing?

I had to wait until my 16th birthday. I had already taken out my licence early and was given my first chance just a few weeks later in Phillip Island in Australia, where I won my class on debut.

Why did you choose Ferrari?

After growing up in single seater race cars on the ‘road to F1’, in 2011 I made the switch to sports cars. I was offered various options from different manufactures but Ferrari stood out. I started with them in a small new team in the British Championship at the start of the 458 GT race program. We won our first race from pole position which was also the first victory for the 458, and to be honest I’ve never looked back.

What is it like being part of an Italian team and have you learnt any good Italian words or phrases?

Since moving to AF Corse – Ferrari’s preferred team which runs the works and factory cars – the team have felt

like family. I probably shouldn’t mention the Italian language I have picked up from the guys here, but they are so passionate and as a result we speak as much with hands and body language as words! Win or lose we do it together.

What’s your fastest speed and lap?

At Silverstone my fastest lap of the weekend was a 1:59:60 over the 3.6 mile Silverstone Grand Prix circuit, at an average speed of 177kph and a max speed of 259kph. That’s not bad considering there are two 1st gear corners on the circuit!

How do you psyche yourself up for a race?

To prepare for the race I just try to take myself out of the situation. Chill out, think back to why I’m doing this, strip back to where I’m strong, where I need to work, and just empty my head of any doubt. I go out there and put it all on the table; nothing hurts more than thinking what could have been.

What is your favourite race to take part in?

To be honest I have been in some mega races but there’s still a couple out there

on the list I’m yet to take on. At the moment it’s a two way tie for the best. First up is the Bathurst 12 hours at the Mount Panorama Circuit. The event is just racing; the town built and own the circuit, and all the facilities and everything is about racing, and if the cars have v8 engines even better. The circuit – nicknamed the mountain – is basically a race up and down the mountain pass from dawn till dusk, watching out for kangaroos and the 40+ degree heat of the day.

The other is the Historic Grand Prix of Monaco; racing between the barriers with over 500HP of F1 power is a feeling that just has to be experienced to be believed. If sprinting between the casinos and super yachts isn’t enough, imagine sprinkling a little rain just before the race start. That was definitely one of my more memorable victories.

How do you feel when you drive? Excited? Nervous?

everyone gets a little nervous – we call it different things, and we make out like we don’t. But it’s there, it’s not a bad thing, and once you get your head round it you can use it to your advantage. It helps you focus and, after all, the reason you’re nervous is that there’s a lot at stake. You want to do the best you can and it’s all out there for the taking. So what’s it going to be?

Who is your favourite racing driver?

now that’s a tricky one! My favourite racing driver: it would have to be a close call between Jochen Rindt and eddie Irvine. Jochen had so much potential and was never given long enough to show the world just how great he was. As for eddie – he was just such a character.

EDITION | SPORT

La Dolce Vita di SilverstoneA day out with the AF Corse Ferrari Team, by Helen Aletra and Haydn Squibb

Michael Lyons

Pierguiseppe Perazzini and Marco Cioci

pp16-17 Ferrari.indd All Pages 20/05/2014 16:48


Seven Le Mans Series races have taken place at Silverstone since 2004 and from the 18th to the 20th April 2014, the Series returned

as part of the european Le Mans tour. We were there to witness behind the scenes action of the renowned 4 Hours of Silverstone race.

Silverstone, a true British institution, lies in between the northamptonshire villages of Silverstone and Whittlebury, and has hosted the British Grand Prix since 1948. It was built on the site of a World War II Royal Air Force bomber station, and has since staged some of the most spectacular races in motor sport history, leading to it being universally acknowledged as the Home of British Motor Racing.

Hamble Real estate was lucky enough to sponsor the stunning Ferrari 458 Italia. AF Corse is an Italian racing team founded by former racing driver Amato Ferrari back in 2002, and they now take part in some of the world’s biggest races, including the FIA World endurance Championship, Asian Le Mans Series, International GT Open, and of course the european Le Mans Series.

As we ventured trackside the tension was palpable, with the excitement building to a crescendo amidst the inimitable roar of the Ferrari 458 Italia #54 engine. The pit stop mechanics carried out their last few

checks, making sure every inch of the car was up to the formidable challenge ahead.

We spoke to Frederiko, a pit stop mechanic for the AF Corse team, who told us how becoming a member of the Pit Stop team felt like a natural progression for him given his history in, and passion for, mechanics. Getting to travel the world with a team he sees as family was a welcome bonus, he added.

The 3 drivers: Piergiuseppe Perazzini, Marco Cioci and Michael Lyons were sat in silence, mentally preparing for the harsh realities of the race; 4 hours of solid racing between the 3 of them, against 39 other teams.

At 2:15 pm, we all took our places and gathered in front of the screens, bursting with anticipation for the race to start. The flag dropped and 49 engines roared, marking the beginning of this prestigious race.

We were lucky enough to speak with AF Corse driver Michael Lyons, who at just 23 years old has a national ranking of 63rd with 36 wins out of 173 races entered. The passion and energy with which Michael spoke about fulfilling his lifetime dream shone throughout.

What inspired you to become a racing driver?

When I look back at my childhood, I

was just surrounded by fast, high octane sport. My father raced enduro bikes as a hobby before moving into cars when I was about four or five. From then on that was it. I think the week his first race car came home I was pushing for my chance.

What age did you start racing?

I had to wait until my 16th birthday. I had already taken out my licence early and was given my first chance just a few weeks later in Phillip Island in Australia, where I won my class on debut.

Why did you choose Ferrari?

After growing up in single seater race cars on the ‘road to F1’, in 2011 I made the switch to sports cars. I was offered various options from different manufactures but Ferrari stood out. I started with them in a small new team in the British Championship at the start of the 458 GT race program. We won our first race from pole position which was also the first victory for the 458, and to be honest I’ve never looked back.

What is it like being part of an Italian team and have you learnt any good Italian words or phrases?

Since moving to AF Corse – Ferrari’s preferred team which runs the works and factory cars – the team have felt

like family. I probably shouldn’t mention the Italian language I have picked up from the guys here, but they are so passionate and as a result we speak as much with hands and body language as words! Win or lose we do it together.

What’s your fastest speed and lap?

At Silverstone my fastest lap of the weekend was a 1:59:60 over the 3.6 mile Silverstone Grand Prix circuit, at an average speed of 177kph and a max speed of 259kph. That’s not bad considering there are two 1st gear corners on the circuit!

How do you psyche yourself up for a race?

To prepare for the race I just try to take myself out of the situation. Chill out, think back to why I’m doing this, strip back to where I’m strong, where I need to work, and just empty my head of any doubt. I go out there and put it all on the table; nothing hurts more than thinking what could have been.

What is your favourite race to take part in?

To be honest I have been in some mega races but there’s still a couple out there

on the list I’m yet to take on. At the moment it’s a two way tie for the best. First up is the Bathurst 12 hours at the Mount Panorama Circuit. The event is just racing; the town built and own the circuit, and all the facilities and everything is about racing, and if the cars have v8 engines even better. The circuit – nicknamed the mountain – is basically a race up and down the mountain pass from dawn till dusk, watching out for kangaroos and the 40+ degree heat of the day.

The other is the Historic Grand Prix of Monaco; racing between the barriers with over 500HP of F1 power is a feeling that just has to be experienced to be believed. If sprinting between the casinos and super yachts isn’t enough, imagine sprinkling a little rain just before the race start. That was definitely one of my more memorable victories.

How do you feel when you drive? Excited? Nervous?

everyone gets a little nervous – we call it different things, and we make out like we don’t. But it’s there, it’s not a bad thing, and once you get your head round it you can use it to your advantage. It helps you focus and, after all, the reason you’re nervous is that there’s a lot at stake. You want to do the best you can and it’s all out there for the taking. So what’s it going to be?

Who is your favourite racing driver?

now that’s a tricky one! My favourite racing driver: it would have to be a close call between Jochen Rindt and eddie Irvine. Jochen had so much potential and was never given long enough to show the world just how great he was. As for eddie – he was just such a character.

EDITION | SPORT

La Dolce Vita di SilverstoneA day out with the AF Corse Ferrari Team, by Helen Aletra and Haydn Squibb

Michael Lyons

Pierguiseppe Perazzini and Marco Cioci



He could absolutely destroy world champions like Schumacher without looking like he was even trying on his day.

What’s your biggest achievement?

As for my greatest achievements, I’d say they are still ahead of me – after all I’m only 23. I’m just coming into my prime. However, looking back, being the European Vice champion in GT3 in 2012 has to be a highlight, as was my victory in the historic Monaco F1. Also, winning every race, including the Grand Prix support race, in the Australian CAN AM series in a car I’d never driven before – that has to be up there!

The rest of the afternoon was as intense as the build-up; Marco Cioci span out in the Ferrari 458 Italia #54, which pushed the team back from pole position. Unfortunately #54 didn’t win 4 Hours of Silverstone, but they did finish in a highly commendable sixth position in the LM GTE category.

The next round of European Le Mans Series sees the team in Imola, Italy, which hosts the second of five championship rounds.

42 cars have entered the league and have been divided into categories: LM P2 (Oreca, Zytek, Alpine, Morgan), LM GTE (Ferrari, Porsche, Aston Martin) and GTC (McLaren, Ferrari, Porsche, Audi, BMW).

Butterflies have kicked in again – Roll on Imola!

Frederico



He could absolutely destroy world champions like Schumacher without looking like he was even trying on his day.

What’s your biggest achievement?

As for my greatest achievements, I’d say they are still ahead of me – after all I’m only 23. I’m just coming into my prime. However, looking back, being the European Vice champion in GT3 in 2012 has to be a highlight, as was my victory in the historic Monaco F1. Also, winning every race, including the Grand Prix support race, in the Australian CAN AM series in a car I’d never driven before – that has to be up there!

The rest of the afternoon was as intense as the build-up; Marco Cioci span out in the Ferrari 458 Italia #54, which pushed the team back from pole position. Unfortunately #54 didn’t win 4 Hours of Silverstone, but they did finish in a highly commendable sixth position in the LM GTE category.

The next round of European Le Mans Series sees the team in Imola, Italy, which hosts the second of five championship rounds.

42 cars have entered the league and have been divided into categories: LM P2 (Oreca, Zytek, Alpine, Morgan), LM GTE (Ferrari, Porsche, Aston Martin) and GTC (McLaren, Ferrari, Porsche, Audi, BMW).

Butterflies have kicked in again – Roll on Imola!

Frederico


Royal Chef Rob Kennedy’s quick supper

EDITION | LIFESTYLE

IngredientsServes 4450 grams of lamb cannon 75 grams honey nut granola½ a small peeled celeriac 75 grams haggis125 grams of frozen peas 8 mint sprigs150 grams of butter Juice of ½ a lemon8 peeled baby carrots Pinch of Salt

Marinate the lamb for up to 24 hours prior to preparation. This particular recipe tastes divine when it has had all day to absorb the amazing flavours.

To marinade two lamb cannons I use 2 bulbs of peeled and chopped garlic, a few sprigs of fresh rosemary and my favourite spice the wonderful star anise.

Simply place the lamb into a small bowl, add all the flavours with a tea spoon of olive oil and place in the fridge.

PreparationChop the celeriac into one inch cubes and place into lightly salted boiled water, cook until soft and tender. Strain celeriac and retain cooking liquor, place celeriac into a plastic cylinder with 100grams of butter, approximately 50mls of cooking liquor, use a hand blender to make into a smooth purée. Season to taste.

Season lamb with rock salt, pan fry using 50grams of butter mixed with the marinade ingredients until golden brown, squeeze over half a lemon, continually baste lamb to intensify flavour then place lamb onto a baking tray and roast at 180degrees for 5 minutes, remove and rest for 10 minutes.

Boil peas, strain and toss lightly in butter. Blanch carrots so they remain slightly crunchy and sweet. Slice the haggis and fry in a dry pan until dark and crispy, place onto kitchen towel to absorb any excess fat. Chop up honey nut granola to a fine crumble consistency and mix into a bowl with haggis, add chopped fresh mint.

Dress your plate like a RoyalPlace a table spoon of creamy celeriac onto the plate, spread evenly across the middle using a small palette knife, cut the baby carrots length ways in half and arrange over-lapping, scatter peas so they stick to the celeriac, slice lamb and place over garnish, scatter peppery nut crumble across your dish. Finish with herbs of your choice or add pretty edible flowers.

Happy Cooking!www.chefkennedy.comTweet your pictures to @HEditionMag

English lamb with celeriac cream, peas and granola crumble

Rob Kennedy is based at the Royal Military Academy Sandhurst as Executive Chef. Rob cooks for visiting Royal family members, senior dignitaries

and world leaders, he also controls the catering and hospitality divisions. Rob has competed at International level winning World Olympic gold and silver medals, he has also been nominated for four years running for three National Chef Oscar awards winning the cost sector in 2010.

Rob’s tipsSlice your lamb cannon against the grain to create a more tender cut. Use the pan your lamb was cooked in, tip out the excess

butter, add red wine and reduce with red currant jelly and star anise, this

will provide a delicious sweet sticky glaze to coat the lamb.


pp20 Rob's menu FP 03.indd 20 22/05/2014 17:14

Royal Chef Rob Kennedy’s quick supper

EDITION | LIFESTYLE

IngredientsServes 4450 grams of lamb cannon 75 grams honey nut granola½ a small peeled celeriac 75 grams haggis125 grams of frozen peas 8 mint sprigs150 grams of butter Juice of ½ a lemon8 peeled baby carrots Pinch of Salt

Marinate the lamb for up to 24 hours prior to preparation. This particular recipe tastes divine when it has had all day to absorb the amazing flavours.

To marinade two lamb cannons I use 2 bulbs of peeled and chopped garlic, a few sprigs of fresh rosemary and my favourite spice the wonderful star anise.

Simply place the lamb into a small bowl, add all the flavours with a tea spoon of olive oil and place in the fridge.

PreparationChop the celeriac into one inch cubes and place into lightly salted boiled water, cook until soft and tender. Strain celeriac and retain cooking liquor, place celeriac into a plastic cylinder with 100grams of butter, approximately 50mls of cooking liquor, use a hand blender to make into a smooth purée. Season to taste.

Season lamb with rock salt, pan fry using 50grams of butter mixed with the marinade ingredients until golden brown, squeeze over half a lemon, continually baste lamb to intensify flavour then place lamb onto a baking tray and roast at 180degrees for 5 minutes, remove and rest for 10 minutes.

Boil peas, strain and toss lightly in butter. Blanch carrots so they remain slightly crunchy and sweet. Slice the haggis and fry in a dry pan until dark and crispy, place onto kitchen towel to absorb any excess fat. Chop up honey nut granola to a fine crumble consistency and mix into a bowl with haggis, add chopped fresh mint.

Dress your plate like a RoyalPlace a table spoon of creamy celeriac onto the plate, spread evenly across the middle using a small palette knife, cut the baby carrots length ways in half and arrange over-lapping, scatter peas so they stick to the celeriac, slice lamb and place over garnish, scatter peppery nut crumble across your dish. Finish with herbs of your choice or add pretty edible flowers.

Happy Cooking!www.chefkennedy.comTweet your pictures to @HEditionMag

English lamb with celeriac cream, peas and granola crumble

Rob Kennedy is based at the Royal Military Academy Sandhurst as Executive Chef. Rob cooks for visiting Royal family members, senior dignitaries

and world leaders, he also controls the catering and hospitality divisions. Rob has competed at International level winning World Olympic gold and silver medals, he has also been nominated for four years running for three National Chef Oscar awards winning the cost sector in 2010.

Rob’s tipsSlice your lamb cannon against the grain to create a more tender cut. Use the pan your lamb was cooked in, tip out the excess

butter, add red wine and reduce with red currant jelly and star anise, this

will provide a delicious sweet sticky glaze to coat the lamb.


pp20 Rob's menu FP 03.indd 20 22/05/2014 17:14


pp21 Edition Hotels ad.indd 21 20/05/2014 16:53

Caffè GrecoEspresso and ice, delightfully refreshing.

FRESH SUMMERY FLAVOURS Moments to freeze

www.espressamenteilly.comwww.facebook.com/espressamenteilly

www.twitter.com/espress_illy

Caffè GrecoEspresso and ice, delightfully refreshing.

FRESH SUMMERY FLAVOURS Moments to freeze

www.espressamenteilly.comwww.facebook.com/espressamenteilly

www.twitter.com/espress_illywww.hamblegroup.com 23

Located on Heddon Street in Mayfair, an oasis of calm away from the hustle and bustle of Regent Street in London, Piccolino

restaurant, lower ground floor cicchetti bar and alfresco terrace has recently undergone a stylish transformation befitting to one of the most fashionable cities in the world. Serving only the best and freshest seasonal produce, Italian cheeses, meat and seafood that reflect pure Italian flavours.

Working in the food industry from the age of 14 and being trained by some of the biggest names in Italian cooking. Head chef Raffaello has gone from strength to strength. as the first chef in his female-dominated family, he began working at his local pizzeria for pocket money alongside his physics studies, and found a talent which could not be ignored.

Raffaello soon went on to study at a catering college based in Italy whilst still working at the pizzeria. He was told “You cannot be here; you need to be somewhere to make your bones up and strengthen yourself.” With this boost of confidence, he went on to work and train with an Italian chef in Bellagio. three years later he was running the show, and this is where he picked up his extremely technical methods.

Keep it traditionalIt wasn’t all plain sailing for Raffaello, however. When he came to the UK in the mid-eighties to escape from military duty, he

soon realised cooking here was a lot different to his old school Italian ways. He remembers being shocked at how some dishes were cooked in the UK compared to the traditional way in Italy. He was also introduced to gas ovens for the first time and saw how pizzas were cooked on trays. Raffaello spoke about how olive oil was hard to come by and spaghetti was only sold in meter strips, a true dilemma for an authentic Italian!

Friends in London shared the news that a young chef, Giorgio Locatelli, was opening a new restaurant. as chefs they were very similar in the way they worked due to being from similar parts of Italy. Raffaello went on to work within many successful companies in central London, in locations such as the New Forest, and he even ventured over to america for a while before moving back and continuing life in London. Raffaello spoke of how after three and a half years of being part of new restaurants and developing companies, he wanted simple luxuries such as driving cars and having breaks.

Passionate about foodRaffaello is extremely passionate about soul foods, which for him doesn’t result in looking into organic or popular foods but into the simple idea “you are what you eat.” He claims he can cure a hangover or even a broken heart from creating the perfect dish. He thrives off the feeling people have after eating his food: “they take a deep breath and they feel an inch taller.”

We asked Raffaello whether he had a dish he believed was his best creation - to this he simply stated, “I don’t have a best creation as this would be discrimination.” He soon went on to tell us all about the sourdough pizza he had just had placed in front of us, and how the dish was an old school Italian recipe, and even how it took him a further year to develop to the popular dish he serves now at Piccolino.

Raffaello spoke about his love for mentoring others and how this translates into his ultimate aim: for his food to be served regardless of whether he is there. He spoke with passion not only for food but for the people he mentored, and spoke highly of past sous chef James who has taken on pastures new as head chef at the prestigious Marylebone hotel.

Raffaello is an inspiration to chefs all over the world and Piccolino is the perfect spot for trying his incredible cuisine.

www.individualrestaurants.com

PICCOLINOA TASTE OF ITALY IN CENTRAL LONDONby Rebecca Cowing and Haydn Squibb

Piccolino article.indd 23 22/05/2014 17:18


Great to meet you John; tell us more about SocietyDining and its launch.

SocietyDining is a real-world social network and dining society based in London. Think of it as a one-click party of six at the finest restaurants. The idea started 7 years ago when I found myself lunching alone in the company cafeteria. I thought the company should have a ‘random lunches’ table for individuals to network. I researched the idea and it grew into SocietyDining – a place for corporate and creative types to connect over dinner. Whilst researching social networking websites I met the girl who would become my wife. With a burgeoning relationship and demanding career SocietyDining was left on the idea shelf. It wasn’t until we were telling the story of how we met at a Christmas dinner party that I revisited the idea. The guests were excited about the concept of SocietyDining, so I rushed home, browsed LinkedIn for interesting profiles, and invited 6 to dinner. Within a few hours the table was full. We now have 6,300 members registered on SocietyDining.com.

What is Society Dining? Who are your customers?

SocietyDining connects the movers and shakers of corporate and creative London for dinner at the finest restaurants and private members clubs. We verify every table for quality, diversity, chemistry and intrigue. The result is ‘effortless social encounters’.

Since our first table in January 2014, we’ve welcomed CEOs, artists, entrepreneurs, photographers, TV personalities, polo players, professional poker players, venture

capitalists, property developers, lifestyle bloggers, super-yacht brokers, hedge fund managers, actors, film producers, aerospace engineers, life coaches, magicians, millionaire match-makers, lawyers, bankers and many more really great people.

What were the main challenges you faced early on in your ventures? How did you overcome them?

Our female members like to RSVP a few weeks in advance, whereas men are more likely to RSVP a few days before. We found ourselves racing against the clock to ensure balance. Now that we’ve met hundreds of great guests, we can send a quick text or email to members to complete the table.

What do you wish you knew before you started your first business?

Running a start-up is lonely and it’s a hustle. I took the corporate life, friends and salary for granted. It’s tough to make a dollar in the real world. I’ve walked marathon distances around town to save on the tube fare. On the flip side, all my thoughts and energy are geared towards building something of value. It’s an incredible feeling when a group of people come together and hit it off. I’m more grateful today for my family, friends and the simple pleasures – like cheesecake and a can of coke. That’s been the real reward.

What made you choose this type of business?

I was a small town boy from a fishing village in Ireland. Moving to London was like discovering the world in one city. I was

25 before I tasted Mozzarella! Meeting people from all over the world, and feeling for the first time ‘at home’ in such diversity was wonderful. We are free to be ourselves around people who are most different. That is the formula behind SocietyDining – quality and diversity.

What are the most crucial things you have done to grow your business?

Guests are free to bring a friend or partner. Adding the ‘plus one’ has introduced many new members to the concept. Credit for this goes to my friend Chris Le Breton – CEO of Rolepoint.

Another entrepreneur friend (Michael Stuart-Matthews – Founder of Ravercise) insisted I should host the dinners. I was a little shy at first, but he was right. The evening is much more effortless with a host to connect everyone. Guests come back because they know there will be a familiar and friendly face.

What three pieces of advice would you offer entrepreneurs starting out today?

• Ship your product as soon as possible and start selling.

• Ask advice. Don’t be afraid to cold email or call an expert.

• Do everything for your customers - your customers are your ambassadors.

If you were hosting a SocietyDining table and could invite five people, dead or alive, who would you invite?

I would invite my wife and my family. They deserve it.

What is a ‘rock star’ table?

A ‘rock star’ table is a term I use when the four elements of SocietyDining come together – quality, diversity, chemistry and intrigue. It can result in guests getting home at 5am.

What keeps you up at night?

Nothing. I sleep very well.

Ok, final question: What are your plans for the future?

I dream that one day SocietyDining will fund a charity to feed the hungry.

Web address: societydining.com Twitter: @societydining Next event: Berners Tavern Thursday 26th June 2014, London Edition Hotel. www.societydining.com

JOHN HALL

Just who are SocietyDining? We connect the movers and shakers of corporate and creative London for dinner at the best restaurants. Every table is verified by our customer care team for quality, diversity, chemistry and intrigue. The result of our obsession… effortless social encounters that will make your network grow.

EDITION | ENTREPRENEUR OF THE MONTH

Dina Aletra interviews

founder of SocietyDining

pp24 John Hall.indd 24 20/05/2014 19:01


Great to meet you John; tell us more about SocietyDining and its launch.

SocietyDining is a real-world social network and dining society based in London. Think of it as a one-click party of six at the finest restaurants. The idea started 7 years ago when I found myself lunching alone in the company cafeteria. I thought the company should have a ‘random lunches’ table for individuals to network. I researched the idea and it grew into SocietyDining – a place for corporate and creative types to connect over dinner. Whilst researching social networking websites I met the girl who would become my wife. With a burgeoning relationship and demanding career SocietyDining was left on the idea shelf. It wasn’t until we were telling the story of how we met at a Christmas dinner party that I revisited the idea. The guests were excited about the concept of SocietyDining, so I rushed home, browsed LinkedIn for interesting profiles, and invited 6 to dinner. Within a few hours the table was full. We now have 6,300 members registered on SocietyDining.com.

What is Society Dining? Who are your customers?

SocietyDining connects the movers and shakers of corporate and creative London for dinner at the finest restaurants and private members clubs. We verify every table for quality, diversity, chemistry and intrigue. The result is ‘effortless social encounters’.

Since our first table in January 2014, we’ve welcomed CEOs, artists, entrepreneurs, photographers, TV personalities, polo players, professional poker players, venture

capitalists, property developers, lifestyle bloggers, super-yacht brokers, hedge fund managers, actors, film producers, aerospace engineers, life coaches, magicians, millionaire match-makers, lawyers, bankers and many more really great people.

What were the main challenges you faced early on in your ventures? How did you overcome them?

Our female members like to RSVP a few weeks in advance, whereas men are more likely to RSVP a few days before. We found ourselves racing against the clock to ensure balance. Now that we’ve met hundreds of great guests, we can send a quick text or email to members to complete the table.

What do you wish you knew before you started your first business?

Running a start-up is lonely and it’s a hustle. I took the corporate life, friends and salary for granted. It’s tough to make a dollar in the real world. I’ve walked marathon distances around town to save on the tube fare. On the flip side, all my thoughts and energy are geared towards building something of value. It’s an incredible feeling when a group of people come together and hit it off. I’m more grateful today for my family, friends and the simple pleasures – like cheesecake and a can of coke. That’s been the real reward.

What made you choose this type of business?

I was a small town boy from a fishing village in Ireland. Moving to London was like discovering the world in one city. I was

25 before I tasted Mozzarella! Meeting people from all over the world, and feeling for the first time ‘at home’ in such diversity was wonderful. We are free to be ourselves around people who are most different. That is the formula behind SocietyDining – quality and diversity.

What are the most crucial things you have done to grow your business?

Guests are free to bring a friend or partner. Adding the ‘plus one’ has introduced many new members to the concept. Credit for this goes to my friend Chris Le Breton – CEO of Rolepoint.

Another entrepreneur friend (Michael Stuart-Matthews – Founder of Ravercise) insisted I should host the dinners. I was a little shy at first, but he was right. The evening is much more effortless with a host to connect everyone. Guests come back because they know there will be a familiar and friendly face.

What three pieces of advice would you offer entrepreneurs starting out today?

• Ship your product as soon as possible and start selling.

• Ask advice. Don’t be afraid to cold email or call an expert.

• Do everything for your customers - your customers are your ambassadors.

If you were hosting a SocietyDining table and could invite five people, dead or alive, who would you invite?

I would invite my wife and my family. They deserve it.

What is a ‘rock star’ table?

A ‘rock star’ table is a term I use when the four elements of SocietyDining come together – quality, diversity, chemistry and intrigue. It can result in guests getting home at 5am.

What keeps you up at night?

Nothing. I sleep very well.

Ok, final question: What are your plans for the future?

I dream that one day SocietyDining will fund a charity to feed the hungry.

Web address: societydining.com Twitter: @societydining Next event: Berners Tavern Thursday 26th June 2014, London Edition Hotel. www.societydining.com

JOHN HALL

Just who are SocietyDining? We connect the movers and shakers of corporate and creative London for dinner at the best restaurants. Every table is verified by our customer care team for quality, diversity, chemistry and intrigue. The result of our obsession… effortless social encounters that will make your network grow.

EDITION | ENTREPRENEUR OF THE MONTH

Dina Aletra interviews

founder of SocietyDining

pp24 John Hall.indd 24 20/05/2014 19:01

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01-The Westbury FP.indd 26 20/05/2014 15:56

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H Edition June 2014