Inspectors found that TSUM had been using this strategy of social tax evasion since 2004. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin, are fashion's rising czars. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . 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. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. You have entered an incorrect email address! Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . Arnault sold his majority stake in 2002. 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. 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. Skuratov himself decided how many suites he needed to purchase. Save my name, email, and website in this browser for the next time I comment. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. 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. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. The holding company runs a chain of luxury stores across the country . . 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. 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. The combination of Phillips's recent move uptown from its . 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. 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 accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. An expert examination is scheduled to establish the suits` cost. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. The suites were paid for by the firm Mabetex. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. Get the week's best stories straight to your inbox. Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. Source: Kommersant-Online, 18 January 2012. 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. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. 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. 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Swatch Group has already said it has stopped exporting watches to Russia, but its affiliate in the country will continue to trade. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. owner of investment firm Volga Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives. 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.". Despite it donating 5.8m to the Ukrainian Red Cross Society from a recent auction in London, and its CEO condemning the Russian invasion, those calling for the company to be shunned argue that only a boycott will force its Russian business figures such as its owners Leonid Friedland and Leonid Strunin to put pressure on the Kremlin. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . Mercury carefully distanced from Ecolux`s troubles with customs. I have no idea if they will stay, to be honest, and it is very worrying. 2023 Art Media, LLC. bombing of a Ukrainian maternity hospital. De Pury, however, is completely sanguine about the two Leonids' attitude. 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. 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.. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. Click here to find out more. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. Can the art market simply ignore it and carry on as normal?. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. 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 Yet Leonid Friedland is one of the most powerful men in fashion. 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 has also urged collectors to boycott Phillips. Its upsetting because its a step towards changing the culture, too. 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. 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. Dior and Saint Laurent: Twilight of the Gods. By Elizabeth Howcroft. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. 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 Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. We call for an immediate cessation of all hostilities in the strongest possible terms.. 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. 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. Even Exxon is pulling out of Russia which it didnt do when Russia invaded Crimea. 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. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . Moscow was literally springing back to life, with new galleries and glimpses of hope. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. 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 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. 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. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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 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. 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. Read More . The colleagues of Leonid Friedland. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. 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 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. He called Borodin on it, then gave him $10.000, requesting a receipt to prove the payment for suits. 5. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. 100 years of fashion in Russia: 1915-2015>>>. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners.. Update the org chart details of Leonid Friedland. 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. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. 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. 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. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. In 2005, the duo also launched the Barvikha Luxury Village development. According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. All rights reserved. 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. says Reebok. There are other billionaires, however, who've avoided the clampdown. The World's Premier Art Magazine since 1913. 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. 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. The watch firm Lange and Peter Avens investment firm have been approached for comment. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. Unofficially, senior Phillips folks are reaching out to investors like Hall to convince them to continue to do business with the auction house, Hall said. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. A Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and 2008. For more information read our Terms & Conditions and Privacy Policy. 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. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website 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.. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. 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. CEO and founder of Russian Art Leonid Strunin explained that on terms of contract, his company is entitled to represent the Italy firm Ermeneglido Zegna, retail its products and accept private orders. However, Mercury ategorically denied any possibility of such a deal. Feeling responsible for the expenses incurred by the firm, Borodin asked Bhegjet Pacolli to pay for Skuratov. 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. She also designs advertising campaigns and photo shoots. 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. We at Phillips unequivocally condemn the invasion of Ukraine. 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. Send us a tip using our anonymous form. 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. 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. Fridliand says that all investions are made from the annual net gain; Mercury`s policy allegedly has no room for taking out loans or selling shares. 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. 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. 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. 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. Contact. That seller is starchitect Norman Foster. The top three are Roman Abramovich, Alisher Usmanov and Leonid Mikhelson, together worth $58.3 billion. Miroslava Duma, publisher of Buro 24/7. Former Bonhams C.E.O. leonid friedland net worth. Born in 1969. Source: History of criminal case N 18/277049-99. More assertive action needs to be taken to try and stop what is going on in Ukraine. Or, as Gucci's Domenico de Sole puts it: "If you want to do business in Russia, they do an excellent job.". 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.
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