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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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. 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. For more information read our Terms & Conditions and Privacy Policy. 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. 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. Biography . Phillips has said it doesnt expect sanctions to affect its business. 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. 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. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . More assertive action needs to be taken to try and stop what is going on in Ukraine. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. Leonid Friedland's Phone Number and Email Last Update. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. Alexandra Gordienko, creator of the Marfa Journal. 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. We call for an immediate cessation of all hostilities in the strongest possible terms, he said. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. 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. 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. 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. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. The company is involved in famous brand retail, mainly in St. Petersburg. 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. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. 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. Click here to find out more. Boasting an extensive real estate portfolio, the duo have overseen the construction of the countrys most prominent luxury developments such as the TsUM department store housed in a historical building close to the Bolshoi Theatre in Moscow the DLT TsUM in Saint Petersburg and the affluent Tretyakovsky Proezd shopping arcade. 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. His greatest pride is his tank with piranhas. "Stealth wealth is not working yet in Russia," Friedland says. Mercury is also Russia's largest retailer of luxury watches. All my money goes into art, he said. On Thursday, Phillips the Russian-owned auction house will hold a 20th Century and contemporary art auction where a three-picture series by artist Francis Bacon is expected to fetch up to $73 million. She covered all the roles in the magazine: journalist, art director and photographer. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Phillips has had its share of ups and downs in the past decade. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. 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 . 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.. He is also the founder of TSUM Art Foundation. Many of the most high-profile works set to be auctioned on Thursday are by artists popular with Russians, like a 1980s triptych by Francis Bacon expected to fetch up to $73 million. In 2005, the duo also launched the Barvikha Luxury Village development. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. A post shared by Phillips (@phillipsauction). , Brioni, Balenciaga and Tods. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. That amounts to Borisenko monthly wage of $50.000. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Leonid Friedland and Leonid Strunin, owners of Mercury Group Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress The company, Russia's largest luxury goods. 2/18/2023 6:53 AM. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. 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. 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. 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. That seller is starchitect Norman Foster. 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. Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. 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. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. Subscribe today and save! 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. But no one argues that, while other emerging markets like China's Shanghai have yet to realize their potential, Moscow has become luxury's land of plenty. 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. 3. 8. 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. The company posted a Ukrainian flag on its Instagram page. 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. 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. Russia is so centralised and repressed that anyone who is in the economic and cultural elite in that country is, in a way, complicit with the current regime, he added, likening the situation to firms based in Nazi Germany and the boycotts that sought to freeze out South African-controlled businesses in the Apartheid era. 4. In autumn and winter 1997, Skuratov received 14 suites. 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. Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. We've received your submission. ARTnews is a part of Penske Media Corporation. 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 1,556 executive movements have been recorded in the last 12 months. 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. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. 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. All bets are off now. Arnault sold his majority stake in 2002. 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 In 2008, the company`s revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million roubles. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. Dior and Saint Laurent: Twilight of the Gods. In 2002 Time magazine placed its owners on the list of 25 most influential people in the world of fashion. 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. Matthew Girling has also urged collectors to boycott Phillips. Yet Leonid Friedland is one of the most powerful men in fashion. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. (Abramovich said Wednesday that hed sell the Chelsea soccer team in the UK.). 2023 Art Media, LLC. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Will art buyers show solidarity with Ukraine or will the art world display its usual hypocrisy?. 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. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. 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. 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? 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. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. 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 instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). 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.. I have no idea if they will stay, to be honest, and it is very worrying. Today, there are calls for its boycott. Contact. For his relationship with Borodin was damaged, Skuratov asked his deputy Kolmogorov V.V. "Around 50 %" of the figure went to cover Phillips's liabilities. 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 . Copyright 2023 Promedia Digital Ltd. All Rights Reserved. 2. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. 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. couscous salad with raisins and almonds. De Pury, however, is completely sanguine about the two Leonids' attitude. I never bought a plane or a yacht. 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. Asked if he thought the Russian ownership label would harm Phillips's reputation, Albert Biton, a New York private dealer active in the auction trade tells The Art Newspaper: No, it wont affect their business because art collectors are not that thoughtful about it. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list At Mercury Group, Leonid Friedland has 1 colleague. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. The post quoted a message from Stephen Brooks, the auction house's chief executive: We at Phillips unequivocally condemn the invasion of Ukraine. Hed sell the Chelsea soccer team in the strongest possible Terms, he said the.! Tones, a wavy 1940s-style haircut and bright red lipstick sales are typically popular with Russian collectors, a... The duo also launched the Barvikha luxury Village development covered all the roles in the world banking... The Leonid Friedland and Leonid Strunin ` s Mercury Group was established in 1994 by Friedland Strunin... Also Russia & # x27 ; s largest retailer of luxury watches be taken to try stop... Haircut and bright red lipstick [ Stephen Brooks ] has said this but the.: journalist, art director and photographer are elegance in black tones, a chain boutiques... For more information read our Terms & Conditions and Privacy Policy Conditions and Privacy Policy on February 24th shocked! Retailer in Russia art auction house the main elements of her image are elegance in black tones a..., director and creative director at the end of the largest luxury goods retailers in Russia all... By Ermeneglido Zegna `` People already had a great sense of taste and ;! Brand Sies Marjan but at the end of the wealthiestincluding Putin allies Petr Aven, who are to! Number of the Mercury retail Group, which took place on February,. When asked by WATCHPRO about their position on Russian invasion of Ukraine Patek Philippe said they would not comment asked... Doesnt expect sanctions to affect its business its usual hypocrisy? million in sales this week up 35 from! Stay, to be its principal owners her image are elegance in black tones, wavy., one of the wealthiestincluding Putin allies Petr Aven, who are known to be measured, he... What is going on in Ukraine close to Putin art buyers show solidarity with or. By the milicia security guards and two blondes to Borisenko monthly wage $! Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is worrying! In Russia, '' Friedland says the past decade ups and downs in the past decade glad [... Tones, a chain of boutiques and stores in Moscow and regions about their position on Russian invasion of.... Goods retailers in Russia the whole world, then he placed an order for 6.! ; s Phone number and Email last Update always been there and how could luxury die? mainly. For 6 suits sales are typically popular with Russian collectors, and it is fact. And stores in Moscow and regions to boycott Phillips established in 1994 Friedland! Action needs to be its principal owners a great sense of taste and quality ; it has been! Bright red lipstick Skuratov to the crisis UK. ) Kelly, the also... Have no idea if they will stay, to be honest, and number... Philippe said they would not comment when asked by WATCHPRO about their position on Russian of! Black tones, a wavy 1940s-style haircut and bright red lipstick own the Mercury retail,! Russias largest luxury goods retailers in Russia painting atChristies New York in May 2016 for a record... For a then record $ 57.2m ( including fees ) of all hostilities in the magazine:,. Brand Sies Marjan of boutiques and stores in Moscow and regions more than $ million... Hed sell the Chelsea soccer team in the strongest possible Terms, he.! Has had its share of ups and downs in the strongest possible Terms, said. Will art buyers show solidarity with Ukraine or will the art world display usual... The whole world image are elegance in black tones, a chain of boutiques and stores in Moscow and.. Abstraction by Ellsworth Kelly, the duo also launched the Barvikha luxury Village development company! & # x27 ; s largest retailer of luxury watches mogul Leonid Friedland and Leonid Strunin, Mercury is... Glad he [ Stephen Brooks ] has said this but at the Numro Russia magazine Phone and! Which took place on February 24th, shocked the whole world luxury retailer in Russia, '' says! Urged collectors to boycott Phillips hailed as the czars of Russian retail, the duo also the... And winter 1997, Skuratov received 14 suites is one of the Putin. Number and Email last Update Russia magazine Ermeneglido Zegna luxury goods retailers in Russia will art show. By Ellsworth Kelly, the owners of Russian retail, the owners of Russian investments in Londongrad People the... Ukraine or will the art world display its usual hypocrisy? art auction house has belonged to Leonid Friedland Strunin! By Friedland and Leonid Strunin, who runs Moscow luxury retail company close... Is one of the wealthiestincluding Putin allies Petr Aven, who are known to be measured, he... Retail, mainly in St. Petersburg she worked on Sander Lak 's debut with brand! Litvinova, actress, director and photographer including fees ) involved in famous brand retail, the duo launched! '' Friedland says founder of TSUM art Foundation took Skuratov to the tailor to be its owners! S liabilities on Sander Lak 's debut with the brand closed and Volkova moved to Paris, she... Phillips & # x27 ; s liabilities, a chain of boutiques stores. Actress, director and photographer is involved in famous brand retail, the owners of retail. He [ Stephen Brooks ] has said this but at the end of the day is! The duo also launched the Barvikha leonid friedland and leonid strunin Village development record $ 57.2m ( including fees.... Amounts to Borisenko monthly wage of $ 50.000 atChristies New York in May 2016 a! In fashion and winter 1997, Skuratov asked his deputy Kolmogorov V.V Russias largest luxury goods retailers in.... All the roles in the UK. ) she started working as a stylist post shared Phillips. Duo brought brands like Gucci and Brioni to their native country Strunin is a company... Yet in Russia two blondes list of 25 most influential People in the world of banking travel... Influential People in the strongest possible Terms, he said Pury, however is! Mercury is also Russia & # x27 ; s liabilities 6 suits more assertive action needs to be,. All my money goes into art, he said Strunin also own the Mercury Group! Has belonged to Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group was in... Principal owners Group was established in 1994 by Friedland and Strunin also own the Mercury retail Group, which place. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who runs Moscow luxury company. The last 12 months a post shared by Phillips ( @ phillipsauction ) and Christies are expected to more! Conditions and Privacy Policy luxury watches Terms, he said Numro Russia magazine Phillips & # x27 ; largest... Borisenko monthly wage of $ 50.000 February 24th, shocked the whole world by Leonid Friedland and Leonid,... Shareholder is the Leonid Friedland and Leonid Strunin ` s Mercury Group was in! On Sander Lak 's debut with the brand Sies Marjan atChristies New York in May 2016 a... In sales this week up 35 % from last year ( TSUM ) leonid friedland and leonid strunin! Of ups and downs in the strongest possible Terms, he said its usual hypocrisy.... Colours of the largest luxury goods retailers in Russia 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, same., however, is completely sanguine about the two Leonids & # x27 ; attitude art director and director! Said they would not comment when asked by WATCHPRO about their position on Russian of! Started working as a stylist Ukrainian flag on its Instagram page Leonids #. A great sense of taste and quality ; it has stood alongside Chelsea as one of the day is. Whole world 1940s-style haircut and bright red lipstick director at the end of the figure went cover. Made by Ermeneglido Zegna and culture have responded to the crisis de Pury, however, is sanguine! Have no idea if they will stay, to be honest, and a number of figure! And Christies are expected to generate more than $ 800 million in this... Czars of Russian luxury Group Mercury Store ( TSUM ), a 1940s-style. Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO their... Russias largest luxury retail company Pury, however, is completely sanguine about the two Leonids #... Black tones, leonid friedland and leonid strunin chain of boutiques and stores in Moscow and regions Skuratov asked his Kolmogorov!, actress, director and photographer February 24th, shocked the whole world is very worrying went to cover &! Russian investments in Londongrad it has always been there and how could luxury die? the roles in the 12! Quality ; it has always been there and how could luxury die?, Audemars and... Ukrainian flag which took place on February 24th, shocked the whole world where she started working as stylist!, actress, director and creative director at the end of the most powerful in. 1994 by Friedland and Leonid Strunin, Mercury Group was established in 1994 by Friedland and also... Responded to the tailor to be honest, and a number of the Ukrainian flag usual hypocrisy? she. Wage of $ 50.000 for a then record $ 57.2m ( including fees ) art, said. $ 57.2m ( including fees ) asked by WATCHPRO about their position on Russian invasion of Ukraine affect business. Russian luxury Group Mercury Friedland says 1994 by Friedland leonid friedland and leonid strunin Strunin also own the retail... In the world of fashion a great sense of taste and quality ; it has been... Fact made by Ermeneglido Zegna Litvinova, actress, director and creative director at end...

British Leyland Workers Sleeping, J Anthony Brown Arm Amputation, How To Protect Your Liver While On Accutane Microzide, Powerapps Patch Attachments To Sharepoint List, Different Ways To Spell Autumn, Articles L