For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. 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. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. But there is one Western element that he does not yet see. ", https://www.nytimes.com/2003/03/03/news/rising-czars-of-russias-retail-luxury.html, Suzy Menkes, International Herald Tribune. 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. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. Born in 1969. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. 2. The colleagues of Leonid Friedland. This website uses cookies. Biography . Inspectors found that TSUM had been using this strategy of social tax evasion since 2004. "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. We want to hear from you! 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. The art world is delusional if it feels it can escape it.. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. 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. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. Send us a tip using our anonymous form. 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. l***@mercury.ru. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. 4. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. Can the art market simply ignore it and carry on as normal?. In a Financial Times interview in 2017, Aven identified his favourite piece as Les Maisonettes Rouges by Marc Chagall, bought for a recorded 3.3m. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. But some art watchers say thats not good enough. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. Update the org chart details of Leonid Friedland. 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. Arnault sold his majority stake in 2002. 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. More assertive action needs to be taken to try and stop what is going on in Ukraine. 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. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. 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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. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. leonid friedland net worth. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. 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.. The holding company runs a chain of luxury stores across the country . Subscribe today and save! On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. 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. carson wentz rushing yards per game. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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 Tax-back claims made against TSUM totalled $69 roubles. The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Alexandra Gordienko, creator of the Marfa Journal. 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.. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. Its upsetting because its a step towards changing the culture, too. Mercury carefully distanced from Ecolux`s troubles with customs. We at Phillips unequivocally condemn the invasion of Ukraine. According to Companies House in the United Kingdom, Phillips has two owners with significant control: Leonid Fridlyand and Leonid Strunin. He is not stingy at all and easily gives a discount to people whom he finds agreeable. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. The people shaping the global fashion industry, curated by the editors of The Business of Fashion, based on nominations and on-the-ground intelligence from around the world. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. 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 Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) Russian teams have been excluded from world sporting competitions and oligarchs like Roman Abramovich are seeing pressure to sell their teams. Head of the Property Department Vladimir Silkin claimed that TD TSUM gains illegal profits from sales on city territory. More assertive action needs to be taken to try and stop what is going on in 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. 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. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. 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. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. 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. Former Bonhams C.E.O. 8. 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. While many tended to have traditional tastes, the same source said it was particularly sad as sanctions on Russia, and the clampdown on the movement of money, would halt a growing trend towards collecting and preserving more recent Russian art and history. 3. Subscribe today and save! Send us a tip using our anonymous form. 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. 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. According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. 2023 Art Media, LLC. 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. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. . For more information read our Terms & Conditions and Privacy Policy. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] 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. Even Exxon is pulling out of Russia which it didnt do when Russia invaded Crimea. Criminal proceedings against ex-Prosecutor General Yuri Skuratov revealed that he had placed an order for 14 tailored suites made by the Italian company Zegna. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. As a subscriber, you have 10 gift articles to give each month. 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. Avsadzhanashvili is head of the family business that her parents established in 1988. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. 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. The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. 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. Their retail network has almost 200 mono-brand boutiques all over Russia, among which are Armani Collezioni, Etro, Gucci, Max Mara, Audemars Piguet and Blancpain. 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. Or, as Gucci's Domenico de Sole puts it: "If you want to do business in Russia, they do an excellent job.". Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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.. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. 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 the largest luxury goods retailers in Russia. 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. 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. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. Now those new projects are frozen and nothing can be taken out of Russia., Stephen Brooks, the CEO of Phillips, said earlier this month: We at Phillips unequivocally condemn the invasion of Ukraine. Phillips has said it doesnt expect sanctions to affect its business. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Previously, de Pury was the majority shareholder. 100 years of fashion in Russia: 1915-2015>>>. Get the week's best stories straight to your inbox. 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. Leonid Mikhelson, the billionaire owner of Russia's gas giant Novatek, has been supporting the Western art world for more than a decade, sponsoring exhibitions at the Art Institute of Chicago . The World's Premier Art Magazine since 1913. Dior and Saint Laurent: Twilight of the Gods. The World's Premier Art Magazine since 1913. 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. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. "Stealth wealth is not working yet in Russia," Friedland says. 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 . 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. 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. Phillips runs a good operation, but so did German companies during WWII who were intimately involved with the Nazis, Hall wrote on his Instagram account. 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). 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. 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. Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. Today, there are calls for its boycott. 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. The holding company runs a chain of luxury stores across the country, including the Moscow department store Tsum. 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 . There are other billionaires, however, who've avoided the clampdown. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Phillips has had its share of ups and downs in the past decade. We at Phillips unequivocally condemn the invasion of Ukraine. In autumn and winter 1997, Skuratov received 14 suites. 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. An expert examination is scheduled to establish the suits` cost. 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. We've received your submission. 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. 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. 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. 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 . Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Here is how the art world responds to the conflict. Today she does shows for Vetements, Balenciaga and her friend Gosha Rubchinsky. Olga Karput, creator of the Kuznetsky Most 20 concept store. Born in 1969. However, none of its competitors believe it. 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. Leadership Insights for the 21st Century Source: Kommersant-Online, 18 January 2012. 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 In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. 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. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. We call for an immediate cessation of all hostilities in the strongest possible terms.. The holding company runs a chain of luxury stores across the country,. 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 . Contact. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. 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. By Elizabeth Howcroft. That amounts to Borisenko monthly wage of $50.000. 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. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. 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"). All my money goes into art, he said. Strunin was aware of that, because he has the right of disposal on the off-shore company Vetra Holding account, used as intermediary by said transaction. 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. Mercury based in Moscow, Moscow executive Officer at Mercury based in Moscow and regions found that TSUM been. 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