He didn`t pay for the suits. De Pury, however, is completely sanguine about the two Leonids' attitude. Despite it donating 5.8m to the Ukrainian Red Cross Society from a recent auction in London, and its CEO condemning the Russian invasion, those calling for the company to be shunned argue that only a boycott will force its Russian business figures such as its owners Leonid Friedland and Leonid Strunin to put pressure on the Kremlin. The historic building, near the Bolshoi, will be refurbished to its former grandeur, enlarged with a new development at the back, and become a palace of brands. Neither Fridlyand nor Strunin is on a US or UK sanctions list and Phillips told The Art Newspaper it wouldnt do business with anyone who was on a sanctions list. Dior and Saint Laurent: Twilight of the Gods. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. u thng ny, Matthew Girling, cu Gim c iu hnh ca Bonhams, ni vi Art Newspaper rng mi ngi nn ty chay Phillips, cng ty thuc s hu ca ngi Nga Leonid Friedland v Leonid Strunin. says Reebok. But Friedland discounts the idea that Russian clients are all about gold taps and flash taste. 2. Some collectors are calling for a boycott of the Phillips auction on Thursday. carson wentz rushing yards per game. The watch firm Lange and Peter Avens investment firm have been approached for comment. Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna. Immediately after high school, 17-year-old Volkova went to study at London's Central Saint Martins and in 2004 founded her own brand, Lotta Skeletrix, which made collections of street clothes in the postpunk style. Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region, said Stephen Brooks, Phillips CEO, in a statement to ARTnews. Therefore, allowing this to go on when the UK is trying to tighten up its financial system shows a lack of commitment to close the loopholes, Shelley said of the Thursday auction. 4. As the financial world unites to launch powerful sanctions against Putins oligarchs, the art auction season has begun in London as if nothing has changed. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. The luxury group started with a 30-square-meter (322-square-foot) shop selling watches that has developed into the current focus on jewelry brands that include Bulgari, Chaumet, Chopard, Graff, de Grisogno and Tiffany. They are very wealthy, collect art and have a large footprint in the Russian economy, but they are not viewed as politically influential oligarchs and have not been placed under . Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). As for the multiple overpricing of luxury goods, in comparison with its producing country, there is no crime, because one is free to price the goods as far as they meet a ready sale. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. Phillips, of course is owned by Mercury Group, founded in 1993 by the Russian entrepreneurs Leonid Friedland and Leonid Strunin who acquired the auction house in 2008, when it was known as Phillips de Pury & Luxembourg, for a reported $60m. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. Phillips is listed by Companies House as having two owners "with significant control" - Leonid Fridlyand and Leonid Strunin - Russians who give their address as the company's Mayfair . Although Friedland does not give figures, sources in Moscow suggest that Mercury's annual turnover is $300 million outstripping its competitors in the luxury field. As a subscriber, you have 10 gift articles to give each month. Mercury reputedly paid around US$60 million to acquire a majority share, although the actual transaction was private. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Named after the Roman god of commerce, the Mercury Group, one of Russias largest retail and real estate conglomerates, was founded by Leonid Fridlyand and Leonid Strunin in 1993. Her Naked Heart Foundation builds children's playgrounds throughout Russia and creates support centers for handicapped children and their parents. "Around 50 %" of the figure went to cover Phillips's liabilities. He is also the founder of TSUM Art Foundation. The company is involved in famous brand retail, mainly in St. Petersburg. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. couscous salad with raisins and almonds. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end shopping centersand TSUM, its flagship department store, next door to Moscows Bolshoi Theater. Previously, de Pury was the majority shareholder. She covered all the roles in the magazine: journalist, art director and photographer. But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. Ironically, or so it would seem, Phillips also announced on Monday that it would be selling Jean-Michel Basquiats massive Untitled painting from 1982 from the collection of the Japanese billionaire Yusaku Maezawa in its 20th century and contemporary art sale in May in New York . Khatulya Avsadzhanashvili, general director of Babochka. On Tuesday, Phillips launched a whisper campaign to let potential buyers know that their sellers are not on any sanctions lists or have any ties to Putin, according to people familiar with the matter. The company owns fashion boutiques selling Goiorgio Armany, Patek Philippe, Dolce & Gabbana, Prada, Tod's, Rolex, Bvlgari, Tiffany & Co., Chopard, Bentley, Ferrari, Maserati cars and other luxury brands. "They are quite young, mostly in their 30s and up to 45, and they are quite well educated about fashion and they would like to know more," Friedland says. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. Strunin was aware of that, because he has the right of disposal on the off-shore company Vetra Holding account, used as intermediary by said transaction. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . 7. Matthew Girling has also urged collectors to boycott Phillips. Mercury is run by Leonid Friedland, whom the style writer Suzy Menkes has described as "one of the most powerful men in fashion," and his associate, Leonid Strunin. Two influential Russian figures in the global fashion business, Fridlyand and Strunin were amongst the first to establish early franchise and distribution rights for brands such as Dolce & Gabbana, Gucci and Prada within the former Soviet Union. All Rights Reserved. How is it possible that in the decade since high school mathematics student Friedland and the computer designer Reebok first became friends, they have created a retail conglomerate in which the luxury menswear brand Brioni now does 10 percent of its business? Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. The list includes a number of Russians but who are they? Among them are Gennady Timchenko, an energy mogul and owner of investment firm Volga Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives. Leonid Friedland Owner of the Auction House Phillips Marina Abramovic Performance artist, founder of Marina Abramovi Institute Marina Loshak Director of the Pushkin State Museum of Fine Arts Nicolas Iljine Advisor to the General Director of the State Hermitage Museum, culture consultant Roman Trotsenko Entrepreneur, philanthropist, collector In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. 2023 NYP Holdings, Inc. All Rights Reserved, powerful sanctions against Putins oligarchs, When disinfo specialists lie, Gray Ladys DeSantis frustration and other commentary, Putins former spin doctor-turned-critic dead, Ukraines northeastern front could decide new battle lines, Biden needs to step up military aid for Ukraine fast, unplugged from the SWIFT payments apparatus, said Wednesday that hed sell the Chelsea soccer team. The people shaping the global fashion industry, curated by the editors of The Business of Fashion, based on nominations and on-the-ground intelligence from around the world. Other than suggesting . In 2006-2007, the TSUM (principal owner is the luxury retailer Mercury) signed contracts with 24 staffing agencies, all of them using a simplified taxation scheme. Alexandra Gordienko, creator of the Marfa Journal. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. His face expresses ultimate self-sufficiency. Russian teams have been excluded from world sporting competitions and oligarchs like Roman Abramovich are seeing pressure to sell their teams. In autumn and winter 1997, Skuratov received 14 suites. In November 2011, committee for the administration of state property hesitated to approve the new deadline, suspecting that the company would sell the DLT to Gasprom as the office space. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 9. Only a boycott of Phillips sales will get the attention of the world and the owners of Mercury to hopefully influence Putin to change his current chosen course of action. He suggested ordering suits from the firm Zegna, Property Management Department`s official partner at that time. Skuratov himself decided how many suites he needed to purchase. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. Get our latest stories in the feed of your favorite networks. On Thursday, Phillips the Russian-owned auction house will hold a 20th Century and contemporary art auction where a three-picture series by artist Francis Bacon is expected to fetch up to $73 million. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. We call for an immediate cessation of all hostilities in the strongest possible terms, he said. Source: Kommersant-Online, 18 January 2012. The holding company runs a chain of luxury stores across the country . Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. Efforts to reach the Russian owners for comment were unsuccessful, although it is understood that the Russian nationals are in sympathetic sync with their auction house top brass in calling for peace. Mercury's critics (always off the record) suggest that the company should teach the consumer that a luxury product is not just about logos; that it is ruthless in cutting deals to undermine its smaller competitors; and that its markups are outrageously high. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. Phillips, of course is owned by Mercury Group, founded in 1993 by the Russian entrepreneurs Leonid Friedland and Leonid Strunin who acquired the auction house in 2008, when it was known as. At the time of the major private deal, Russia had recently emerged as a key art market player. The auctioneer has also organized selling exhibitions of work by such contemporary artists as Julian Schnabel and Mario Testino, and represents the estate of Helmut Newton. Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. Mr Fridlyand and Mr Strunin are also owners of Mercury Retail Group, one of the largest retail conglomerates in Russia with 125,000 employees, according to its website, mainly in supermarkets and convenience stores. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Inspectors found that TSUM had been using this strategy of social tax evasion since 2004. "And I haven't seen anywhere such a cluster of luxury goods presented without altering the spirit," says Umberto Angeloni, CEO of Brioni, which already has three stores in Moscow. In the UK, where Aven has a home in Surrey, he has previously been happy to speak about and showcase a range of valuable art assets. We call for an immediate cessation of all hostilities in the strongest possible terms.. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Name: Leonid Surname : Strunin Middle name : Izyaslavovich Post : General Director of Russian Art - XXI century Biography Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Mercury carefully distanced from Ecolux`s troubles with customs. Art consultants in London this week who did not want to be named, say they are busier than ever although there may be fewer Russians buying. The Ukrainian Red Cross Society is doing incredible work to support and protect people in the region, and it is our hope that the 5.8 million of buyers premium and vendors commission from our Evening Sale will help this extraordinary charity as they continue their life saving mission, Mr Brooks shared. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. Criminal proceedings against ex-Prosecutor General Yuri Skuratov revealed that he had placed an order for 14 tailored suites made by the Italian company Zegna. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Contact. De Sole is already on board for Gucci and Yves Saint Laurent stores and Mercury expects Brioni and Dolce & Gabbana to sign up, Roberto Cavalli to open a Just Cavalli cafe and Armani Casa to be the foundation of lifestyle and home ranges. 3. Biography . As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin, are fashion's rising czars. By Suzy Menkes, International Herald Tribune. Now those new projects are frozen and nothing can be taken out of Russia., Stephen Brooks, the CEO of Phillips, said earlier this month: We at Phillips unequivocally condemn the invasion of Ukraine. According to the statement from Phillips, talks with Mercury Group began in July 2007 and continued for more than a year. Friedland and Strunin have not been named among the people whose assets are being frozen by the US and UK, though even businessmen who are not being hit with sanctions could face difficulties. Mercury is also Russia's largest retailer of luxury watches. l***@mercury.ru. I dont think that anyone should be dealing with Russian or Russian-owned companies at the moment, said Andy Hall, an art collector and philanthropist. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. Still, doing business with any powerful company based in Russia is outrageous, Andy Hall, a retired hedge funder, oil trader, art collector and philanthropist told The Post. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." Steven Cohen, a hedge-fund manager, agreed to consign it to Phillips in exchange for a third-party guarantee (also called an "irrevocable bid") rumoured to be from the house's principal owners, Leonid Friedland and Leonid Strunin (known in the art world as "the Leonids"). You have entered an incorrect email address! That seller is starchitect Norman Foster. Mercury is run by Leonid Friedland and his associate, Leonid Strunin. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. Moscow was literally springing back to life, with new galleries and glimpses of hope. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. He is not stingy at all and easily gives a discount to people whom he finds agreeable. Mr Fridlyand and Mr Strunin are also owners of Mercury Retail Group, one of the largest retail conglomerates in Russia with 125,000 employees, according to its website, mainly in supermarkets and convenience stores. It has 35 jewellery and watch boutiques in Moscow, seven in St Petersburg and five in Sochi representing Rolex, Patek Philippe, Chopard, Hublot, Breguet, Girard-Perregaux, Tudor, Zenith, Bell & Ross, Breitling, Blancpain, De Bethune, Urwerk, DeWitt, Greubel Forsey, Ulysse Nardin, TAG Heuer, Gucci and Channel. 2/18/2023 6:53 AM. Unofficially, senior Phillips folks are reaching out to investors like Hall to convince them to continue to do business with the auction house, Hall said. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. Litvinova is often called the "Marlene Dietrich of today" and the "Russian icon of style." We do not expect the recent sanctions to affect our business, a spokesperson for the auction house said, adding that Phillips does not conduct business with any individuals or institutions who are subject to sanctions.. Phillips has said it doesnt expect sanctions to affect its business. Over lunch in Milan, he and Alexander Reebok, Mercury's general manager, described their ambitious project to bring a purpose-built wood and steel luxury shopping village, with spa, restaurants and a hotel, to Zhukovka, an area where the dachas are a playground for the new super-rich. We at Phillips unequivocally condemn the invasion of Ukraine. The art world is delusional if it feels it can escape it.. Send us a tip using our anonymous form. 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Aside from its owners referred to in the art world as the two Leonids the other most visible Russian in the British art world is Peter Aven, a UK-based oligarch who stepped down from a London-based investment conglomerate and a prestigious Royal Academy position after he and other oligarchs were hit by EU sanctions. cam newton meeting with panthers / nainital lake distance / nainital lake distance In 2005, the duo also launched the Barvikha Luxury Village development. Still, Phillips said it doesnt fear financial hardship as a result of the war in Ukraine. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Only a boycott of Phillips sales will get the attention of the world and the owners of Mercury to hopefully influence Putin to change his current chosen course of action. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. What Mercury thinks of all this and how it affects the health of its investment is a matter of speculation, since principles Leonid Friedland and Leonid Strunin do not speak to the media. Now Mercury is about to double its customer reach and its 1,000 strong work force by refurbishing TSUM, the dowager grand duchess of department stores, which brought luxury to Moscow in Russia's Belle Epoque. Dtenue depuis 2008 par les Russes Leonid Friedland et Leonid Strunin (propritaires de Mercury Group), Phillips avait t rachete pour prs de 60 millions de dollars au commissaire-priseur et marchand suisse Simon de Pury. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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