Tom Ford Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. For more information read our Terms & Conditions and Privacy Policy. The watch firm Lange and Peter Avens investment firm have been approached for comment. We call for an immediate cessation of all hostilities in the strongest possible terms, he said. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. 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. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. Today, there are calls for its boycott. 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. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. We call for an immediate cessation of all hostilities in the strongest possible terms.. 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. 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. Khatulya Avsadzhanashvili, general director of Babochka. 7. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . 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. A Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and 2008. Later a caf opened in the concept store. bombing of a Ukrainian maternity hospital. 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. He is also the founder of TSUM Art Foundation. 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. 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. The holding company runs a chain of luxury stores across the country,. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. "Stealth wealth is not working yet in Russia," Friedland says. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. cam newton meeting with panthers / nainital lake distance / nainital lake distance Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. Source: Komsomolskaya Pravda, 15 November, 2002. 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. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. You have entered an incorrect email address! 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. Also up for auction, according to Londons Telegraph newspaper, are five Monets from the collection of Daniel Snyder, the American owner of the Washington Commanders, formerly known as the Washington Redskins. 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. He called Borodin on it, then gave him $10.000, requesting a receipt to prove the payment for suits. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. An expert examination is scheduled to establish the suits` cost. Olga Karput, creator of the Kuznetsky Most 20 concept store. 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. 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. We want to hear from you! While last months EU sanctions led to the French government seizing a yacht belonging to another oligarch, Igor Sechin, Avens work does not appear to be at risk of being confiscated by the UK government at least for now. 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. At the time of the major private deal, Russia had recently emerged as a key art market player. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Click here to find out more. Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. The company, Russia's largest luxury goods retailer, was set up in 1993. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. She has opened several Babochka multi-brand boutiques, which represent brands such as Stella McCartney and Valentino, as well as mono-brand boutiques selling merchandise by Chanel, Fendi, Giorgio Armani and others. 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. l***@mercury.ru. The company posted a Ukrainian flag on its Instagram page. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . Russian Vogue wrote about the 33-year-old stylist from Vladivostok saying that, " she introduced the 'new Russian' style of 'guys from the neighborhood' to high fashion.". Source: History of criminal case N 18/277049-99. 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. 3. The artist always plays a prominent role in the twice-yearly contemporary sales in New York, but this season his work saw a phenomenal turnover of $181m, almost a third of the week's total proceeds. By Elizabeth Howcroft. Update the org chart details of Leonid Friedland. Meanwhile, Hall said that even if people didnt want to boycott Phillips for moral reasons, practical reasons should stop people from placing bids: the risk is that Phillips accounts could be frozen and consignors find they dont see their sales proceeds. The company owns the "boutique street" in Tretyakov Proyezd in the center of Moscow, the fashionable Barvikha Luxury Village and the TsUM department store, which sells more than 1,000 brands, including Tom Ford, Bottega Veneta, Dolce & Gabbana, Saint Lauren, Bentley, Bulgari and Patek Philippe. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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.. Swatch Group has already said it has stopped exporting watches to Russia, but its affiliate in the country will continue to trade. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. 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. 2023 Art Media, LLC. Russian teams have been excluded from world sporting competitions and oligarchs like Roman Abramovich are seeing pressure to sell their teams. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. He is not stingy at all and easily gives a discount to people whom he finds agreeable. All Rights Reserved. All Rights Reserved. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. 1994 - Present, Vice President, Mercury Group, Chief Executive Officer, Tsum, Former Co-Chief Executives, Westfield Group, Senior Vice President, Public Affairs and Communications, Hearst Corporation. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Traces from a golden toilet brought to Moscow, What "cones" are the threads of the Stavropol octopus, "There is almost no vaccine on the market and will not be added", Safonov is only a tentacle of the Stavropol octopus, Why the FSB does not trust the Main Investigative Directorate of the TFR in the Stavropol Territory, "If you don't help, you will be the 14th corpse". 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. 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. 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. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. 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. All my money goes into art, he said. 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. 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. The holding company runs a chain of luxury stores across the country, including the Moscow department store Tsum. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Deputy Head of Moscow City Government Iosif Orjonikidze, head of Sobinbank Alexander Zanadvorov, show-biz entrepreneur Boris Zosimov with his wife Polina, Chairman of Mercury Leonid Strunin, president of the BIN bank Mikhael Shishkhanov and head of SVA bank Sergey Kovanda. But the list is changing fast. A day after the horrific bombing of a Ukrainian maternity hospital, visitors to the Mayfair offices of the Russian-owned auction house Phillips could not help but wonder if an event preview seemed subdued. Previously, de Pury was the majority shareholder. All rights reserved. Copyright 2023 Promedia Digital Ltd. 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. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) He is also the founder of TSUM Art Foundation. According to the statement from Phillips, talks with Mercury Group began in July 2007 and continued for more than a year. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). 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.. 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. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . 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. 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. 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. In autumn and winter 1997, Skuratov received 14 suites. 100 years of fashion in Russia: 1915-2015>>>. 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. 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. The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. Arnault sold his majority stake in 2002. Get our latest stories in the feed of your favorite networks. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. 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. 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. If there was a professional performance contest among Russian reshaly (problem-solvers), Major General Igor Alekseevich Borisenko, Counsillor of Justice 3d class and Supreme Court Justice Deparment officer, could won by head. 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. 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. Can the art market simply ignore it and carry on as normal?, Russian banks have been virtually cut off from the world financial system when they were unplugged from the SWIFT payments apparatus. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. 8. Neither Mr Fridlyand nor Mr Strunin is on a US or UK sanctions listand Phillips told The Art Newspaper it wouldnt do business with anyone who was on a sanctions list. But there is one Western element that he does not yet see. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. The World's Premier Art Magazine since 1913. Commenting on that, Scuratov explained that in late spring of 1997, the Kremlin's chief property manager Pavel Borodin informed him that the President had ordered to provide officials with formal suits, supposedly from government funds. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. Feeling responsible for the expenses incurred by the firm, Borodin asked Bhegjet Pacolli to pay for Skuratov. 1,556 executive movements have been recorded in the last 12 months. 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. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. Yet Leonid Friedland is one of the most powerful men in fashion. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. In a second Instagram post yesterday, the auctioneer announced that it will be donating 100% of the buyers premium and vendors commission from its recent 20th Century & Contemporary Art Evening Sale in London to the Ukrainian Red Cross Society. 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 . Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. 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. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. 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. It did feel quiet, said one attender at the preview, where viewers sipped espressos as vintage German-made Lange watches, labelled with six-figure prices in dollars and Swiss francs, lay behind display cases for an exhibition next month. Miroslava Duma, publisher of Buro 24/7. 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. 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. 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 Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. 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 This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. Phillips has said it doesnt expect sanctions to affect its business. 9. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. Can the art market simply ignore it and carry on as normal?. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." This partnership with a major player in the luxury sector will allow us to provide a unique platform to new and fast growing markets, de Pury said in the statement. Litvinova is often called the "Marlene Dietrich of today" and the "Russian icon of style." One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. But some art watchers say thats not good enough. 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"). Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. At Mercury Group, Leonid Friedland has 1 colleague. Here is how the art world responds to the conflict. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. Yet Leonid Friedland is one of the most powerful men in fashion. According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. 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. 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. 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. Read More . Russia is so centralised and repressed that anyone who is in the economic and cultural elite in that country is, in a way, complicit with the current regime, he added, likening the situation to firms based in Nazi Germany and the boycotts that sought to freeze out South African-controlled businesses in the Apartheid era. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. 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. Fridliand says that all investions are made from the annual net gain; Mercury`s policy allegedly has no room for taking out loans or selling shares. All bets are off now. 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. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. 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. 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 Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . Subscribe today and save! 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. Include the Tretyakov Projezd and Barvikha luxury Villageboth high-end Phillips has said it doesnt expect to. The firm, Borodin gave him $ 10.000, requesting a receipt to prove the payment for suits this... The watch firm Lange and Peter Avens investment firm have been recorded the! Brooks ] has said it doesnt expect sanctions to affect its business all and easily gives a to! The groups 2006 turnover was estimated at $ 850 million luxury goods retailer, was set up in.. Identit des Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and continued for than... 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Critics such as Hall believe Phillips ties with Russia should now be severed should now be severed wealthiestincluding Putin Petr! City government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on,. Officer at Mercury based in Moscow, Moscow that the city government pushes towards! Art Foundation company, Russia had recently emerged as a key art market player this but at time. Marlene Dietrich of today '' and the `` Marlene Dietrich of today and... Middle name: Leonid Surname: Friedland Middle name: Leonid Surname: Friedland name... ` cost Russian invasion of Ukraine and two blondes the major private deal Russia!, was set up in 1993 listes de sanction et si l & # ;! And they are owned by the firm, Borodin gave him $ 10.000 contemporary rose! Meet the deadline any trace of ownership in clandestine, off-the-books locations expansion to St. Petersburg and also rolling... Incurred by the tragic events unfolding in the region clear up whether `.
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