It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. He is not stingy at all and easily gives a discount to people whom he finds agreeable. Source: Komsomolskaya Pravda, 15 November, 2002. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. 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. That seller is starchitect Norman Foster. Olga Karput, creator of the Kuznetsky Most 20 concept store. 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. De Sole is already on board for Gucci and Yves Saint Laurent stores and Mercury expects Brioni and Dolce & Gabbana to sign up, Roberto Cavalli to open a Just Cavalli cafe and Armani Casa to be the foundation of lifestyle and home ranges. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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 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. By Elizabeth Howcroft. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. During their search of Skuratov`s apartment and dacha, the investigators confiscated 14 male suites, made by Ermeneglido Zegna on 19 and 20 May 1998. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. Now Mercury is about to double its customer reach and its 1,000 strong work force by refurbishing TSUM, the dowager grand duchess of department stores, which brought luxury to Moscow in Russia's Belle Epoque. Select from premium Leonid Friedland of the highest quality. 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 . Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. By Suzy Menkes, International Herald Tribune. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Source: History of criminal case N 18/277049-99. 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.. He is also the founder of TSUM Art Foundation. 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. The World's Premier Art Magazine since 1913. "Around 50 %" of the figure went to cover Phillips's liabilities. Mercury is also Russias largest retailer of luxury watches. 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. Mercury carefully distanced from Ecolux`s troubles with customs. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. couscous salad with raisins and almonds. 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. 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. 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 . 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". 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. 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. 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. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. The suites were paid for by the firm Mabetex. says Reebok. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. Get our latest stories in the feed of your favorite networks. Friedland and Strunin also own the Mercury Retail Group, one of Russia's largest luxury goods retailers. 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. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. This intermediary firm was charged with regular custom value underreporting. An expert examination is scheduled to establish the suits` cost. . 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. I have no idea if they will stay, to be honest, and it is very worrying. Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. The watch firm Lange and Peter Avens investment firm have been approached for comment. 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. 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. 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. At Mercury Group, Leonid Friedland has 1 colleague. 4. Swatch Group has already said it has stopped exporting watches to Russia, but its affiliate in the country will continue to trade. 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 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. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . LONDON (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 Western sanctions on Russia as punishment for its invasion of Ukraine. 2023 Art Media, LLC. A post shared by Phillips (@phillipsauction). ARTnews is a part of Penske Media Corporation. 2/18/2023 6:53 AM. He didn`t pay for the suits. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners.. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. De Pury, however, is completely sanguine about the two Leonids' attitude. But Friedland discounts the idea that Russian clients are all about gold taps and flash taste. 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. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. We've received your submission. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. But like real estate, the art market has received temporary exemptions from anti-money laundering regulations in the US for the past two decades. But there is one Western element that he does not yet see. 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. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. 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 call for an immediate cessation of all hostilities in the strongest possible terms.. The company is involved in famous brand retail, mainly in St. Petersburg. 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. With charitable donations and public statements in support of Ukraine, Phillips, an auction house owned by Russians, is trying to deflect those pushing for a boycott of its business. We at Phillips unequivocally condemn the invasion of Ukraine. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. They are very wealthy, collect art and have a large footprint in the Russian economy, but they are not viewed as politically influential oligarchs and have not been placed under . 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. Get our latest stories in the feed of your favorite networks. Leonid Strunin. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. 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. For more information read our Terms & Conditions and Privacy Policy. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Matthew Girling has also urged collectors to boycott Phillips. Hall, whose collection of more than 5,000 pieces includes noted works by Ed Ruscha, Barbara Kruger and Julian Schnabel, told The Post he bought something from Christies another competing auction house on Wednesday, but wouldnt buy from Phillips. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. The top three are Roman Abramovich, Alisher Usmanov and Leonid Mikhelson, together worth $58.3 billion. But the list is changing fast. Mercury's growth parallels the development of post-Communist Moscow, from its big bang of glitz-and-glam new money to the more normal if fragile existing economy. 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. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. Previously, de Pury was the majority shareholder. Source: Kommersant-Online, 18 January 2012. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. Phillips said earlier this week it does not expect sanctions to affect its business. 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. You have entered an incorrect email address! bombing of a Ukrainian maternity hospital. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. 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 going forward. Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). 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. All rights reserved by Rossiyskaya Gazeta. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Or, as Gucci's Domenico de Sole puts it: "If you want to do business in Russia, they do an excellent job.". 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. We want to hear from you! 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. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. , Brioni, Balenciaga and Tods. The art world is delusional if it feels it can escape it.. Still, Phillips said it doesnt fear financial hardship as a result of the war in Ukraine. Email. Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. 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. 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. 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. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. 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