Russian mogul Leonid Friedland, who runs Moscow luxury retail company. 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. We do not expect the recent sanctions to affect our business, a spokesperson for the auction house said, adding that Phillips does not conduct business with any individuals or institutions who are subject to sanctions.. The colleagues of Leonid Friedland. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. "Around 50 %" of the figure went to cover Phillips's liabilities. Anyone can read what you share. couscous salad with raisins and almonds. Later a caf opened in the concept store. Friedland and Strunin have not been named among the people whose assets are being frozen by the U.S. and U.K., though even businessmen who are not being hit with sanctions could face difficulties going forward. 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. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . 2023 The Business of Fashion. We call for an immediate cessation of all hostilities in the strongest possible terms.. All rights reserved. Born in 1969. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. 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.. 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. Send us a tip using our anonymous form. I would not like to be the auctioneer this week, one lead auctioneer told the paper. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which Russians Leonid Friedland and Leonid Strunin own. 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. As the financial world unites to launch powerful sanctions against Putins oligarchs, the art auction season has begun in London as if nothing has changed. In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. Arnault sold his majority stake in 2002. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. 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. 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. Leonid Friedland's Phone Number and Email Last Update. leonid friedland net worth. 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. We call for an immediate cessation of all hostilities in the strongest possible terms.. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Today she does shows for Vetements, Balenciaga and her friend Gosha Rubchinsky. Save my name, email, and website in this browser for the next time I comment. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. Will art buyers show solidarity with Ukraine or will the art world display its usual hypocrisy?. Head of the Property Department Vladimir Silkin claimed that TD TSUM gains illegal profits from sales on city territory. Skuratov himself decided how many suites he needed to purchase. The Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. By Elizabeth Howcroft. Tom Ford Can the art market simply ignore it and carry on as normal?. 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? The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. 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. The top three are Roman Abramovich, Alisher Usmanov and Leonid Mikhelson, together worth $58.3 billion. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. The auctioneer has also organized selling exhibitions of work by such contemporary artists as Julian Schnabel and Mario Testino, and represents the estate of Helmut Newton. 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. A post shared by Phillips (@phillipsauction). Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). Mercury is also Russias largest retailer of luxury watches. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . 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. Named after the Roman god of commerce, the Mercury Group, one of Russias largest retail and real estate conglomerates, was founded by Leonid Fridlyand and Leonid Strunin in 1993. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna. "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. Leonid Friedland had already declared that Mercury didn`t participate in foreign trade activities, in fact, he had no idea how the goods were delivered to Moscow. Get the week's best stories straight to your inbox. 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. 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. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. His face expresses ultimate self-sufficiency. 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. Phillips said earlier this week it does not expect sanctions to affect its business. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. We call for an immediate cessation of all hostilities in the strongest possible terms, he said. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. 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. Email. "Stealth wealth is not working yet in Russia," Friedland says. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). 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. Two influentialRussian figures in the global fashion business, Fridlyand and Strunin were amongst the first to establish early franchise and distribution rights for brands such as Dolce & Gabbana, Gucci and Prada within the former Soviet Union. According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. 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. The suites were paid for by the firm Mabetex. However, Mercury ategorically denied any possibility of such a deal. 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. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. The Let`s Solve the Money Issue buisiness proposal, usually welcomed among the Ministry of Internal Affairs officers, transforms into $300.000, with Borisenko taking $250.000. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Yet Leonid Friedland is one of the most powerful men in fashion. 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. 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 want to hear from you! Today, there are calls for its boycott. 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. Get our latest stories in the feed of your favorite networks. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. De Pury, however, is completely sanguine about the two Leonids' attitude. That amounts to Borisenko monthly wage of $50.000. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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. With an expanding market of eager, upbeat consumers, as opposed to retailers on shrinking budgets in the morose Western markets, Mercury's buyers are becoming luxury fashion's big spenders. 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. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. 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. Previously, de Pury was the majority shareholder. 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). In 2006-2007, the TSUM (principal owner is the luxury retailer Mercury) signed contracts with 24 staffing agencies, all of them using a simplified taxation scheme. 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. Can the art market simply ignore it and carry on as normal?. The watch firm Lange and Peter Avens investment firm have been approached for comment. 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. Former Bonhams C.E.O. 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. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website Efforts to reach the Russian owners for comment were unsuccessful, although it is understood that the Russian nationals are in sympathetic sync with their auction house top brass in calling for peace. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. For more information read our Terms & Conditions and Privacy Policy. 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. 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. 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. Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. Mercury is also Russia's largest retailer of luxury watches. 7. 5. Ironically, or so it would seem, Phillips also announced on Monday that it would be selling Jean-Michel Basquiats massive Untitled painting from 1982 from the collection of the Japanese billionaire Yusaku Maezawa in its 20th century and contemporary art sale in May in New York . Its upsetting because its a step towards changing the culture, too. 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. In 2005, the duo also launched the Barvikha Luxury Village development. 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. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. 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. Michaela Neumeister against ex-Prosecutor General Yuri Skuratov revealed that he had placed an order for 14 suites! 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