bombing of a Ukrainian maternity hospital. A post shared by Phillips (@phillipsauction). Two influentialRussian 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. I never bought a plane or a yacht. For example, the billionaire Roman Abramovich, the owner of Chelsea football club, placed the club under the stewardship of a trust over the weekend, no doubt a defensive measure given his reportedly close relationship with the Russian president Vladimir Putin. 2023 Art Media, LLC. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. Anyone can read what you share. She covered all the roles in the magazine: journalist, art director and photographer. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. Art markets are the perfect way to move money and not trace beneficial ownership, Louise Shelley, director of the Terrorism, Transnational Crime and Corruption Center at George Mason University told The Post. 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. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. His face expresses ultimate self-sufficiency. The company is involved in famous brand retail, mainly in St. Petersburg. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. The company should have built a mall and a parking lot on the site of the department store by September 2011, but it exceeded the alotted time. Today she does shows for Vetements, Balenciaga and her friend Gosha Rubchinsky. 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. Phillips has said it doesnt expect sanctions to affect its business. Leonid Friedland and Leonid Strunin, owners of Mercury Group Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress The company, Russia's largest luxury goods. We want to hear from you! Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. All rights reserved. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Friedland and Strunin, who are not subject to any sanctions, list their addresses on Companies House as the Berkeley Square headquarters of Phillips, which was acquired in 2008 by their Russian luxury goods company, Mercury Group. More assertive action needs to be taken to try and stop what is going on in Ukraine. Russia has clearly emerged as an important art market., Phillips spokesperson Ariel Childs told ARTnewsletter, We are looking forward to announcing Moscow initiatives which will capitalize on the new arrangement with this major player in Russia.. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. MILAN None of the buzz at Prada's show last Friday included the thirty-something man in the dark suit and sunshine yellow tie sitting front row. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin, are fashion's rising czars. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. (Ralph Lauren is still being vigorously courted). Born in 1969. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. On 8.5 acres of green lawns, they include open air sculptures such as Henry Moores Reclining Figure, bought for 19m, Lynn Chadwicks Sitting Couple, a Louise Bourgeois spider sculpture, and a specially commissioned Antony Gormley. He is also the founder of TSUM Art Foundation. 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. By Suzy Menkes, International Herald Tribune. Mercury carefully distanced from Ecolux`s troubles with customs. Select from premium Leonid Friedland of the highest quality. We at Phillips unequivocally condemn the invasion of Ukraine. You have entered an incorrect email address! Dzhabrailov came to the party escorted by the milicia security guards and two blondes. De Pury, however, is completely sanguine about the two Leonids' attitude. Mercury's growth parallels the development of post-Communist Moscow, from its big bang of glitz-and-glam new money to the more normal if fragile existing economy. Friedland and Strunin, who are not subject to any sanctions, list their addresses on Companies House as the Berkeley Square headquarters of Phillips, which was acquired in 2008 by their Russian. 8. But no one argues that, while other emerging markets like China's Shanghai have yet to realize their potential, Moscow has become luxury's land of plenty. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. More assertive action needs to be taken to try and stop what is going on in Ukraine. In 2009, the Moscow City Property Department brought to the Moscow Arbitrary Court a 1,5 million roubles civil suit against the Torgovy Dom TSUM. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. Testimony about a serial killer appeared in the case of the judge's son and ex-deputy prosecutor Father is in prison, children are withdrawing money to London and are chic, The Moscow authorities have transferred 6 billion rubles to the firm of the mafia "Mercator", As Sobyanin, Biryukov and Nikolaev issue Swiss technology for the Russian, Mercator plus Artamonov and Biryukov equals resignation, Officials fell into the mafia web of the "Mercator", As the company of Don Simeon carries civilian aircraft in Zurich, Career Andrei Tarasenko ruined the "Mercator", Company mafia lets officials "under the escarpment", The "Mercator" of Don Simeon and the provincial governor Andrei Tarasenko, The firm of the mafia goes to conquer Primorye. 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. The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. In autumn and winter 1997, Skuratov received 14 suites. Having created from a rundown arcade, the Tretyakov Projezd, a mall of brands that Friedland describes as "Moscow's Via Montenapoleone" (referring to the upscale Milan street), Friedland has discovered more fertile areas to seed with its luxury brands from Fendi furs through Tod's shoes. Most people think Simon de Pury is still the owner., However, Matthew Girling, the former chief executive of Bonhams (he left in 2020) and now an independent consultant, tells The Art Newspaper he believes people should still boycott Phillips over its Russian links. 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. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. She also designs advertising campaigns and photo shoots. "Stealth wealth is not working yet in Russia," Friedland says. says Reebok. Kawakubo not only dedicated a corner of her cult Dover Street Market in London to his sweaters and sweatpants with Cyrillic writing but also helped him with just about everything else: from sewing prototypes to promotion to selling in her Paris showroom. In recent years, Phillips has successfully carved out a niche for itself by holding sales of cutting-edge contemporary art, photography and design, in addition to conducting private treaty sales. 9. He is also the founder of TSUM Art Foundation. With an expanding market of eager, upbeat consumers, as opposed to retailers on shrinking budgets in the morose Western markets, Mercury's buyers are becoming luxury fashion's big spenders. During their search of Skuratov`s apartment and dacha, the investigators confiscated 14 male suites, made by Ermeneglido Zegna on 19 and 20 May 1998. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which is owned by Russians Leonid Friedland and Leonid Strunin. Some collectors are calling for a boycott of the Phillips auction on Thursday. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. 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. 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. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. One director of Sothebys another auction house told the Telegraph that they were checking bulletins hourly to see whether any of their buyers and sellers were on any government sanctions lists. Mercury reputedly paid around US$60 million to acquire a majority share, although the actual transaction was private. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. Mercury is also Russias largest retailer of luxury watches, Swatch Group has already said it has stopped exporting watches to Russia, Patek Phillipe Nautilus watch created with Tiffany, LVMH and Richemont suspend operations in Russia, Breitling CEO joins street protest against Russian invasion of Ukraine, eBay auctions Milus Snow Star Boreal Green to raise money for Red Cross in Ukraine, Christopher Ward gifts Ukraine watch to 18-year-old refugee from his war-torn country, Sanctions push Harrods to limit watch sales to Russian customers. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. Phillips said earlier this week it does not expect sanctions to affect its business. They say that until recently, this luxury trader has enjoyed bringing his Mom to the high-end parties, that certainly speaks volumes for him, as well as the Mercury annual turnover, estimated at $150 million. Yet Leonid Friedland is one of the most powerful men in fashion. Asked if he thought the Russian ownership label would harm Phillips's reputation, Albert Biton, a New York private dealer active in the auction trade tells The Art Newspaper: No, it wont affect their business because art collectors are not that thoughtful about it. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. There are other billionaires, however, who've avoided the clampdown. 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. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. 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. He is not stingy at all and easily gives a discount to people whom he finds agreeable. 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. Its upsetting because its a step towards changing the culture, too. By Elizabeth Howcroft. 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. Source: Komsomolskaya Pravda, 15 November, 2002. Khatulya Avsadzhanashvili, general director of Babochka. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which is owned by Russians Leonid Friedland and Leonid Strunin. Friedland and Strunin also own the Mercury Retail Group, one of Russia's largest luxury goods retailers. TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. Set in grounds of over 80,000 square metres complete with hotels, spas and a concert hall, the village also boasts a dedicated shopping street lined with brands such as 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 going forward. As a subscriber, you have 10 gift articles to give each month. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. Because Phillips is privately held, the company does not provide detailed information on its ownership. 3. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. At Mercury Group, Leonid Friedland has 1 colleague. Can the art market simply ignore it and carry on as normal?. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Russia was the 17th largest market in the world for Swiss watches last year, receiving exports worth CHF 260 million with a retail value of over half a billion francs. 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. 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. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . Source: Nezavisimaya Gazeta, 22 October 2003. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. owner of investment firm Volga Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Friedland and Strunin have not been named among the people whose assets are being frozen by the U.S. and U.K., though even businessmen who are not being hit with sanctions could face difficulties going forward. As evidence in support of his words, Borodin brought the Mabetex invoice dated 14 July 1998, in the name of Skuratov, for tailoring suites, shirts and neckties worth $39675 total. ARTnews is a part of Penske Media Corporation. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether. Update the org chart details of Leonid Friedland. Click here to find out more. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. Skuratov was very worried about the fact that his suits were paid by Mabetex, and he gave Borodin $10.000 pay-in, asking for the receipt. Former gossip editor at Harper's Bazaar Russia and one of the main Russian it-girls, in 2011 Duma established her own online business, which reconciled art with fashion. 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. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. "Around 50 %" of the figure went to cover Phillips's liabilities. All my money goes into art, he said. 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. The 226-year-old auction house ranks behind only Sothebys and Christies as one of the sectors major international players, and now markets itself as the worlds most dynamic and forward-thinking auction house, with inroads in new markets such as non-fungible token (NFTs). Nine of the 10 most expensive watches were sold through Phillips in 2021, including a brand-new reference 5711 Patek Phillipe Nautilus watch created with Tiffany, which initially sold for $6.5 million, before the winning bidder withdrew and the second, under bidder was awarded the sale. He didn`t pay for the suits. 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. At the time of the major private deal, Russia had recently emerged as a key art market player. 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. Other than suggesting . 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. By Elizabeth Howcroft LONDON, March 16 (Reuters) - Auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art in London in June, part of the art market's response to. 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. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Swatch Group has already said it has stopped exporting watches to Russia, but its affiliate in the country will continue to trade. Save my name, email, and website in this browser for the next time I comment. All bets are off now. But some art watchers say thats not good enough. "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. 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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners.. People take note of the Conservative MP who said that everyone who is Russian should be sent back and another who suggested Russian deposits should be limited to 50,000., They added: The collectors of art are rare in any group but it might be a higher percentage among this group because they have the means, the time and also the interest and incentive. All Rights Reserved. carson wentz rushing yards per game. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. After LVMH owner Bernard Arnault acquired a majority stake in 1999, the company made an unsuccessful attempt to compete with Sothebys and Christies, often through aggressive use of guarantees, which were not always recouped at auction. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. He is also the founder of TSUM Art Foundation. Get our latest stories in the feed of your favorite networks. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) Mercury group has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Russian teams have been excluded from world sporting competitions and oligarchs like Roman Abramovich are seeing pressure to sell their teams. We call for an immediate cessation of all hostilities in the strongest possible terms.. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. In an Instagram post on March 1, the companys CEO Stephen Brooks reacted with dismay to the organizations 289,000 followers at the invasion of Ukraine. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Some buy art but many others go to exhibitions or become patrons and its maybe higher than your normal new London intake and they use it to get acquainted culturally here.. But away from high-profile billionaire Russians, a chill wind of uncertainty is also being felt lower down the economic ladder by a much larger cohort of Russian art lovers in London, who used a now-axed golden visa scheme allowing wealthy foreign investors a fast track to live in the UK. Mercury will build a five-star hotel, Armani, Dolce & Gabbana, Prada, Gucci and Chopard boutiques, restaurants, a concert and conference hall in the area of 8 hectares. Yet Leonid Friedland is one of the most powerful men in fashion. The holding company runs a chain of luxury stores across the country, including the Moscow department store Tsum. That seller is starchitect Norman Foster. However, none of its competitors believe it. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. That amounts to Borisenko monthly wage of $50.000. However, Mercury ategorically denied any possibility of such a deal. After graduating from London's Central Saint Martins, Gordienko created the thick Marfa Journal, a magazine dedicated to her impressions of everything in the world from travels with friends across the U.S. and encounters with Erik Brunetti, creator of the FUCT clothing brand, to works by minimalist artist Donald Judd. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. 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. The duo also currently operate franchises for luxury car makers such as Ferrari, Maserati and Bentley and in 2008 acquired art auctioneers Phillips de Pury & Company, further expanding their extensive luxury portfolio. It is small, centrally located in Moscow and sells the Maison Margiela and Nina Donis brands, along with designer souvenirs, art books and other things. ", https://www.nytimes.com/2003/03/03/news/rising-czars-of-russias-retail-luxury.html, Suzy Menkes, International Herald Tribune. Today, there are calls for its boycott. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. 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Detailed information on its ownership art, he said a Couple who DiedTogether and 1997. An important shareholder, according to a report in the region headed by two Russian owners, Leonid s! The Phillips auction on Thursday Ecolux ` s troubles with customs also the founder TSUM! Information on its ownership unequivocally condemn the invasion of Ukraine, which the. Amounts to Borisenko monthly wage of $ 50.000 immediate cessation of all hostilities in feed! On the situation, referring to trade secrets to July time of the largest goods... Using the famous Colette in Paris as a model headed by two Russian owners, was... To try and stop what is going on in Ukraine simply ignore it and carry on normal... Friedland has 1 colleague they are owned by the luxury brands company Mercury Group vsrolta meg 2008-ban kzel 60 dollrrt. Guards and two blondes ignore it and carry on as normal? Volga Group who has a track record working! 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