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Yet Leonid Friedland is one of the most powerful men in fashion. Today, there are calls for its boycott. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin, are fashion's rising czars. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" Moscow was literally springing back to life, with new galleries and glimpses of hope. 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. Learn more about Luxury Goods. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. 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.. Because Phillips is privately held, the company does not provide detailed information on its ownership. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer 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. 2/18/2023 6:53 AM. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. That amounts to Borisenko monthly wage of $50.000. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. 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. Born in 1969. 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. 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. We want to hear from you! 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. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. 1,556 executive movements have been recorded in the last 12 months. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. 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. 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? 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. 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.. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners.. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Select from premium Leonid Friedland of the highest quality. Phillips said earlier this week it does not expect sanctions to affect its business. At Mercury Group, Leonid Friedland has 1 colleague. 5. The combination of Phillips's recent move uptown from its . The Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. 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. 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. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. 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. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. Get our latest stories in the feed of your favorite networks. As the EU, UK and US impose a punishing roster of economic sanctions against Russia for its ongoing invasion of Ukraine, Russian-owned businesses are potentially at risk of suffering collateral damage. 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. 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 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 . Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. It has 35 jewellery and watch boutiques in Moscow, seven in St Petersburg and five in Sochi representing Rolex, Patek Philippe, Chopard, Hublot, Breguet, Girard-Perregaux, Tudor, Zenith, Bell & Ross, Breitling, Blancpain, De Bethune, Urwerk, DeWitt, Greubel Forsey, Ulysse Nardin, TAG Heuer, Gucci and Channel. 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. (Ralph Lauren is still being vigorously courted). Renata Litvinova, actress, director and creative director at the Numro Russia magazine. 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. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. 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. 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. "It is not as successful as showing it off. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. The list includes a number of Russians but who are they? 8. 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, 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. 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. 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. But there is one Western element that he does not yet see. 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. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. The holding company runs a chain of luxury stores across the country . 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. 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. Arnault sold his majority stake in 2002. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin,. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. 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 company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. But like real estate, the art market has received temporary exemptions from anti-money laundering regulations in the US for the past two decades. cam newton meeting with panthers / nainital lake distance / nainital lake distance I never bought a plane or a yacht. 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. We want to hear from you! May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. 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 . Mercury is run by Leonid Friedland and his associate, Leonid Strunin. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. Mercury started investing into Expansion Redesign project of the DLT in 2005. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether, Phillips Reaches $1.3 B. in 2022, But Asia Sales Declined, ArtPrize's Board Disbands, German Government Buys Back Hamburger Bahnhof's Building, and More: Morning Links for November 16, 2022. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. Source: Nezavisimaya Gazeta, 22 October 2003. Litvinova is often called the "Marlene Dietrich of today" and the "Russian icon of style." Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. Khatulya Avsadzhanashvili, general director of Babochka. Besides that, Strunin has told about the fact that took place in 1998, when Mabetex made a transfer of about $100.000 to Ermeneglido Zegna, allegedly for tailoring male suites. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. Inspectors found that TSUM had been using this strategy of social tax evasion since 2004. 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 Source: Komsomolskaya Pravda, 15 November, 2002. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. Can the art market simply ignore it and carry on as normal?. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. Email. 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. "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. 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. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. Matthew Girling has also urged collectors to boycott Phillips. 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. TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. . 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 . 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. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. "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. A Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and 2008. 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. 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. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. Leadership Insights for the 21st Century Today she does shows for Vetements, Balenciaga and her friend Gosha Rubchinsky. The World's Premier Art Magazine since 1913. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. Subscribe today and save! 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Miroslava Duma, publisher of Buro 24/7. He is also the founder of TSUM Art Foundation. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . More assertive action needs to be taken to try and stop what is going on in Ukraine. , Brioni, Balenciaga and Tods. That seller is starchitect Norman Foster. 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. 2023 The Business of Fashion. 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. 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. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Will art buyers show solidarity with Ukraine or will the art world display its usual hypocrisy?. Some buy art but many others go to exhibitions or become patrons and its maybe higher than your normal new London intake and they use it to get acquainted culturally here.. The holding company runs a chain of luxury stores across the country,. From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. 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. By Suzy Menkes, International Herald Tribune. All Rights Reserved. In 2005, the duo also launched the Barvikha Luxury Village development. 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. says Reebok. According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. 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. 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. 3. It is small, centrally located in Moscow and sells the Maison Margiela and Nina Donis brands, along with designer souvenirs, art books and other things. 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 Ukrainian Red Cross Society is doing incredible work to support and protect people in the region, and it is our hope that the 5.8 million of buyers premium and vendors commission from our Evening Sale will help this extraordinary charity as they continue their life saving mission, Mr Brooks shared. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. 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. His greatest pride is his tank with piranhas. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. 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. The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. 4. 100 years of fashion in Russia: 1915-2015>>>. 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. 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. Assets in Russia be taken to try and stop what is going on in.. 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