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. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. 9. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . At Mercury Group, Leonid Friedland has 1 colleague. He is not stingy at all and easily gives a discount to people whom he finds agreeable. 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. The consigner then was the New York collector and dealer Adam Lindemann who acquired the early painting at Sothebys London in June 2004 for 2.4m (including fees). 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.. But like real estate, the art market has received temporary exemptions from anti-money laundering regulations in the US for the past two decades. Its upsetting because its a step towards changing the culture, too. 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, 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. 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. 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. 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. Phillips has had its share of ups and downs in the past decade. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. 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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Yesterday, the Russian-owned auction house Phillips (which last year realised a best ever $993.3m in auction and private sales) attempted to clear the air on Instagram by posting a statement in support of Ukraine, also posted by Jean Paul Engelen, the firms recently appointed president, Americas and co-head of 20th century and contemporary art. 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. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. Thats because oftentimes bidders are shrouded in secrecy and store their physical assets and thus any trace of ownership in clandestine, off-the-books locations. Born in 1969. 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? 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. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna. Subscribe today and save! 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. Tom Ford Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. Mercury carefully distanced from Ecolux`s troubles with customs. He is also the founder of TSUM Art Foundation. 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. 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. 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. 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. 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. TSUM was the main venue for the Second Moscow Biennale of Contemporary Art, and Barvikha Luxury Villagein a billionaire enclave just outside the citywas the venue for a Gagosian Gallery exhibition last October. leonid friedland net worth. 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.. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. A post shared by Phillips (@phillipsauction). 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. He didn`t pay for the suits. 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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. Or, as Gucci's Domenico de Sole puts it: "If you want to do business in Russia, they do an excellent job.". Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. "Stealth wealth is not working yet in Russia," Friedland says. 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. 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. Hasonlan nehz helyzetbe kerlt az orosz kzben lev brit aukcishz, a Phillips is orosz tulajdonosi httere miatt. 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. But some art watchers say thats not good enough. His face expresses ultimate self-sufficiency. Get our latest stories in the feed of your favorite networks. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. 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). According to Companies House in the United Kingdom, Phillips has two owners with significant control: Leonid Fridlyand and Leonid Strunin. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. 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. He suggested ordering suits from the firm Zegna, Property Management Department`s official partner at that time. Even Exxon is pulling out of Russia which it didnt do when Russia invaded Crimea. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. On August 23, the Mercury construction director Dmitry Eliseev wrote to the first deputy chairman of Saint-Petersburg commitee for construction Nikolay Krutov, asking him for 10-month extention of the term. 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. Many of the most high-profile works set to be auctioned on Thursday are by artists popular with Russians, like a 1980s triptych by Francis Bacon expected to fetch up to $73 million. Phillips's new Manhattan headquarters at 450 Park Avenue, New York. But the list is changing fast. However, none of its competitors believe it. In 2007, Mercury announced launching the Sochi Luxury Village Project (similar to the Barvikha Luxury Village in Moscow region) in Esta-Sadok settlement near Sochi. The company owns fashion boutiques selling Goiorgio Armany, Patek Philippe, Dolce & Gabbana, Prada, Tods, Rolex, Bvlgari, Tiffany & Co., Chopard, Bentley, Ferrari, Maserati cars and other luxury brands. 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 . Get our latest stories in the feed of your favorite networks. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. The two Russians who own Phillips and control a business empire in Russia Leonid Friedland and Leonid Strunin are not on the same plane as Abramovich, though. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Tax-back claims made against TSUM totalled $69 roubles. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Besides that, Strunin has told about the fact that took place in 1998, when Mabetex made a transfer of about $100.000 to Ermeneglido Zegna, allegedly for tailoring male suites. "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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Other than suggesting . Here is how the art world responds to the conflict. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. He is a bit vain, though carefully conceals this fact: his photograph is kept behind the wall of his office and can be shown only to chosen ones. bombing of a Ukrainian maternity hospital. Born in 1969. We call for an immediate cessation of all hostilities in the strongest possible terms.. Avsadzhanashvili is head of the family business that her parents established in 1988. 8. But Friedland discounts the idea that Russian clients are all about gold taps and flash taste. After Rei Kawakubo (Comme DesGarons) took the young Russian designer and photographer under her wing in 2010, he became a household name among the world's fashion buffs. Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. The secret of the site's success is its combination of large image spreads with short, carefree news pieces about fashion, beauty, culture and society gossip. 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. 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. The holding company runs a chain of luxury stores across the country,. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. Boasting an extensive real estate portfolio, the duo have overseen the construction of the countrys most prominent luxury developments such as the TsUM department store housed in a historical building close to the Bolshoi Theatre in Moscow the DLT TsUM in Saint Petersburg and the affluent Tretyakovsky Proezd shopping arcade. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. Subscribe to The Art Newspapers digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox. De Pury, however, is completely sanguine about the two Leonids' attitude. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. "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. 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"). Moscow was literally springing back to life, with new galleries and glimpses of hope. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. He is a bit vain, though carefully conceals this fact: his photograph is kept behind the wall of his office and can be shown only to chosen ones. We call for an immediate cessation of all hostilities in the strongest possible terms.. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. The combination of Phillips's recent move uptown from its . 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. Alumni of the Moscow Institute of Transport & Engineering, Fridlyand and Strunins initial venture into retail began as a small jewellery and watch outlet, quickly growing through strategic alliances with brands such as Bulgari, Chaumet and Tiffanybefore diversifying into fashion. All Rights Reserved. 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. Friedland is said to look like Pierre Bezukhov, except that Pierre Bezukhov was not a diamond trader, and Friedland is the CEO of Mercury, the company selling luxury watch brands and jewelry in Russia. 2023 Art Media, LLC. The post quoted a message from Stephen Brooks, the auction house's chief executive: We at Phillips unequivocally condemn the invasion of Ukraine. Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. The watch firm Lange and Peter Avens investment firm have been approached for comment. "Around 50 %" of the figure went to cover Phillips's liabilities. All rights reserved by Rossiyskaya Gazeta. Read More . 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In autumn and winter 1997, Skuratov received 14 suites. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether, Phillips Reaches $1.3 B. in 2022, But Asia Sales Declined, ArtPrize's Board Disbands, German Government Buys Back Hamburger Bahnhof's Building, and More: Morning Links for November 16, 2022. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) Matthew Girling has also urged collectors to boycott Phillips. Mr Fridlyand and Mr Strunins connection to the watch and jewelry world has not been widely reported but the art world has reacted strongly and is calling for collectors to boycott Phillips auctions, which has flagship operations in Geneva, New York and London. With questions lingering about how businesses of all kinds will be impacted, the auction house Phillips, which is owned by Russian luxury retailer Mercury Group, has said it doesnt expect sanctions to affect its operations. All bets are off now. 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. I have no idea if they will stay, to be honest, and it is very worrying. 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. 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. 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. More assertive action needs to be taken to try and stop what is going on in Ukraine. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. 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. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . This website uses cookies. Dior and Saint Laurent: Twilight of the Gods. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Olga Karput, creator of the Kuznetsky Most 20 concept store. Some collectors are calling for a boycott of the Phillips auction on Thursday. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. The colleagues of Leonid Friedland. 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. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. Get the week's best stories straight to your inbox. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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. Girling, the former Bonhams CEO, said that only a boycott would get the attention of the owners of Mercury to hopefully influence Putin to change his current chosen course of action., We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis, he told The Art Newspaper. 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.