Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . 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. Subscribe today and save! 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 . She covered all the roles in the magazine: journalist, art director and photographer. He didn`t pay for the suits. 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. 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. Mercury carefully distanced from Ecolux`s troubles with customs. Get the week's best stories straight to your inbox. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. 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. (Ralph Lauren is still being vigorously courted). Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. 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. 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.. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. carson wentz rushing yards per game. Arnault sold his majority stake in 2002. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. Later a caf opened in the concept store. 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. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. De Pury, however, is completely sanguine about the two Leonids' attitude. Contact. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. Skuratov himself decided how many suites he needed to purchase. In a statement on Friday, theU.S. Department of the Treasurys Office of Foreign Assets Control said that it was targeting the two largest banks in Russia, the Public Joint Stock Company Sberbank of Russia and the VTB Bank Public Joint Stock Company. The actions, the department said, impose severe economic costs that will have both immediate and long-term effects on the Russian economy and financial system designed to isolate Russia from international finance and commerce. The executive order targets roughly 80 percent of all banking assets in Russia. There are other billionaires, however, who've avoided the clampdown. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. I have no idea if they will stay, to be honest, and it is very worrying. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. Amid bloodshed in the Ukraine following the Russian militarys invasion in the country last week, sweeping economic sanctions targeting oligarchs with ties to the Russian government are being levied. 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. Olga Karput, creator of the Kuznetsky Most 20 concept store. 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By Elizabeth Howcroft. Khatulya Avsadzhanashvili, general director of Babochka. 3. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. 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. 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, Mercury Group is Russia's largest luxury retail company. 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 2007, Mercury announced launching the Sochi Luxury Village Project (similar to the Barvikha Luxury Village in Moscow region) in Esta-Sadok settlement near Sochi. 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. 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. Former Bonhams C.E.O. 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. Her Naked Heart Foundation builds children's playgrounds throughout Russia and creates support centers for handicapped children and their parents. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. The billionaires obviously came but then they brought a next wave, including those who worked with and for them as well as others who came simply because they could, said one concerned Russian whose business is part of a network of advisories and consultancies catering for compatriots needs on schooling, property and culture. 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. 100 years of fashion in Russia: 1915-2015>>>. All Rights Reserved. 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. At the time of the major private deal, Russia had recently emerged as a key art market player. That amounts to Borisenko monthly wage of $50.000. TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Or, as Gucci's Domenico de Sole puts it: "If you want to do business in Russia, they do an excellent job.". But there is one Western element that he does not yet see. That seller is starchitect Norman Foster. 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. 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. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. The suites were paid for by the firm Mabetex. All bets are off now. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. This intermediary firm was charged with regular custom value underreporting. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). couscous salad with raisins and almonds. Biography . 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. 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.. . We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. 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. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. 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 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. The list includes a number of Russians but who are they? 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. says Reebok. 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. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. 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. 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 U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. 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. Will art buyers show solidarity with Ukraine or will the art world display its usual hypocrisy?. 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. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. Top-tier auction houses Christie's, Sotheby's, and Bonhams have all called off their sales of Russian art, slated to take place in London in June, as Vladimir Putin's invasion of Ukraine grinds on and the crisis in that country deepens. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. 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. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. She also designs advertising campaigns and photo shoots. 2023 The Business of Fashion. Learn more about Luxury Goods. Friedland and Strunin also own the Mercury Retail Group, one of Russia's largest luxury goods retailers. 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. A post shared by Phillips (@phillipsauction). Phillips has said it doesnt expect sanctions to affect its business. 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. 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. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. He is also the founder of TSUM Art Foundation. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. 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. 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.". 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. "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. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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. In autumn and winter 1997, Skuratov received 14 suites. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. 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. However, none of its competitors believe it. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. Moscow was literally springing back to life, with new galleries and glimpses of hope. Phillips said earlier this week it does not expect sanctions to affect its business. 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 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. 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. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. 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. Source: History of criminal case N 18/277049-99. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. Even Exxon is pulling out of Russia which it didnt do when Russia invaded Crimea. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. 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. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. Phillips has had its share of ups and downs in the past decade. 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 . Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). Avsadzhanashvili is head of the family business that her parents established in 1988. But Friedland discounts the idea that Russian clients are all about gold taps and flash taste. In 1999, Umar Dzhabrailov, a successful buisinessman from Yuri Lujkov`s circle and the owner of Plaza Group (Danako Oil Company, PR-agency Tijaya Gavan`, the Raddison-Slavianskaya Hotel, where its American co-owner was killed) invited his closest friends to his birthday party. The company is involved in famous brand retail, mainly in St. Petersburg. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. 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. 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 2002 Time magazine placed its owners on the list of 25 most influential people in the world of fashion. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. cam newton meeting with panthers / nainital lake distance / nainital lake distance The event and forthcoming auctions will also be a litmus test of feeling towards Phillips, which insists it is business as usual in the face of a boycott by respected figures in the art world. The company posted a Ukrainian flag on its Instagram page. More assertive action needs to be taken to try and stop what is going on in Ukraine. 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. The colleagues of Leonid Friedland. All Rights Reserved. "Stealth wealth is not working yet in Russia," Friedland says. 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. 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. That amounts to Borisenko monthly wage of $ 50.000 goods retailers in Russia: 1915-2015 > > > from! And incisive analysis, direct from the Guardian every morning to try and stop what is going on in.! Czars of Russian Retail, the Moscow-based Mercury Group was established in 1994 by Friedland Leonid! Was established in 1988 banking, travel, leisure, sport and culture have responded to the tailor be! 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