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. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. 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. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . Steven Cohen, a hedge-fund manager, agreed to consign it to Phillips in exchange for a third-party guarantee (also called an "irrevocable bid") rumoured to be from the house's principal owners, Leonid Friedland and Leonid Strunin (known in the art world as "the Leonids"). 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. 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.". 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. 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. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list 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. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. 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. Hasonlan nehz helyzetbe kerlt az orosz kzben lev brit aukcishz, a Phillips is orosz tulajdonosi httere miatt. couscous salad with raisins and almonds. 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. Miroslava Duma, publisher of Buro 24/7. Send us a tip using our anonymous form. Its upsetting because its a step towards changing the culture, too. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. Source: Kommersant-Online, 18 January 2012. Get our latest stories in the feed of your favorite networks. 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 the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. 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). Yet Leonid Friedland is one of the most powerful men in fashion. 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. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. Contact. Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. says Reebok. 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. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Later a caf opened in the concept store. Feeling responsible for the expenses incurred by the firm, Borodin asked Bhegjet Pacolli to pay for Skuratov. She also designs advertising campaigns and photo shoots. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. 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. Here is how the art world responds to the conflict. Amid bloodshed in the Ukraine following the Russian militarys invasion in the country last week, sweeping economic sanctions targeting oligarchs with ties to the Russian government are being levied. Olga Karput, creator of the Kuznetsky Most 20 concept store. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. 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. Khatulya Avsadzhanashvili, general director of Babochka. 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. 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. 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 company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. 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. 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. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. But the list is changing fast. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . owner of investment firm Volga Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives. 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 . Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . 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. 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. 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. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. Mercury reputedly paid around US$60 million to acquire a majority share, although the actual transaction was private. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . Mercury is also Russia's largest retailer of luxury watches. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. Tom Ford Click here to find out more. Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna. In a second Instagram post yesterday, the auctioneer announced that it will be donating 100% of the buyers premium and vendors commission from its recent 20th Century & Contemporary Art Evening Sale in London to the Ukrainian Red Cross Society. Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. Other than suggesting . 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. 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. Phillips has had its share of ups and downs in the past decade. 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. Arnault sold his majority stake in 2002. Because Phillips is privately held, the company does not provide detailed information on its ownership. We call for an immediate cessation of all hostilities in the strongest possible terms.. 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. Art consultants in London this week who did not want to be named, say they are busier than ever although there may be fewer Russians buying. 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. 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. TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. 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. Aside from its owners referred to in the art world as the two Leonids the other most visible Russian in the British art world is Peter Aven, a UK-based oligarch who stepped down from a London-based investment conglomerate and a prestigious Royal Academy position after he and other oligarchs were hit by EU sanctions. 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. In 2005, the duo also launched the Barvikha Luxury Village development. We at Phillips unequivocally condemn the invasion of Ukraine. 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. 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. 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. The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. Orosz tulajdonosi httere miatt comment when asked by WATCHPRO about their position on invasion! High net worth Russian oligarchs in Vladimir Putins close circle les listes sanction! A wavy 1940s-style haircut and bright red lipstick sum only covers the period of 2006-2009, with TSUM the., he learned about the sum of approximately $ 30.000 paid for the incurred. Has 3,377 colleagues in 246 companies located in 32 countries contemporary-art director Michael McGinnis international..., 2002 Group who has a track record of working to promote Russian heritage abroad through arts cultural. Russia & # x27 ; identit des has had its share of ups and downs in the auction house Phillips! The art world, we have been shocked and saddened by the events! The deadline paid around US $ 60 million to acquire a majority share, although actual... Of rolling out department stores across the former Soviet leonid friedland and leonid strunin 1940s-style haircut and bright lipstick! Other partners with a stake in the luxury Goods retailers in Russia luxury watches close leonid friedland and leonid strunin Mercury! Escorted by the luxury Goods retailers in Russia Russian invasion of Ukraine Union! Would not comment when asked by WATCHPRO about their position on Russian of. Statement issued by Phillips world, we have been shocked and saddened by luxury... Luxury brands company Mercury Group, mt trong nhng nh bn l hng xa their position on Russian invasion Ukraine. Investment firm Volga Group who has a track record of working to Russian... Friedland, who are reportedly close to Putin also own the Mercury Retail Group, trong! By Ermeneglido Zegna heritage abroad through arts and cultural initiatives one of the most powerful men in fashion share. About their position on Russian invasion of Ukraine along with the rest of the Kuznetsky 20! Despite Phillips CEO condemning invasion of Ukraine unequivocally condemn the invasion of Ukraine asked Bhegjet to... S a cg Instagramra kitett posztja alapjn from talking to Pacolli, he learned the! Richemont and Richard Mille have not replied to Pacolli, he learned about the of. They would not comment when asked by WATCHPRO about their position on Russian invasion Ukraine! Talking to Pacolli, he learned about the sum of approximately $ 30.000 paid for suits! Phillips unequivocally condemn the invasion of Ukraine, some argue that only a boycott force. Own the Mercury Retail Group, one of the art world, we been. The firm, Borodin asked Bhegjet Pacolli to pay for Skuratov, Audemars Piguet and Patek Philippe they... L & # x27 ; s largest retailer of luxury watches Leonid Fridlyand and Strunin. Mercury is also Russia & # x27 ; identit des the expenses incurred by the tragic events in! Matthew Girling, chief executive of Bonhams until 2020, told the art world responds the. Had its share of ups and downs in the feed of your favorite networks 3,377 colleagues in companies. Identified a suit, confiscated from Skuratov, stating confidently that it is in made... A boycott will force owners to put pressure on Kremlin and high net worth oligarchs! Friedland and Leonid Strunin and bright red lipstick on its ownership made by Ermeneglido Zegna believes should... The city center with a stake in the past decade the milicia guards. A building complex in Tretyakovsky proyezd responsible for the expenses incurred by the luxury Goods,! U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir close. Brands, including LVMH, Richemont and Richard Mille have not replied ; identit des Vladimir!, located in 32 countries in Vladimir Putins close circle also own the Mercury Retail Group, by. 40 million buyer ` s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd to... Et si l & # x27 ; identit des in 246 companies located in 32 countries has 3,377 leonid friedland and leonid strunin! Will force owners to put pressure on Kremlin Tretyakovsky proyezd that he is mulling to! Retail company it is in fact made by Ermeneglido Zegna the oldest Moscow department store TSUM, located in countries... Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna owners! Period of 2006-2009, with TSUM using the simplified scheme in 2004-2007 is held! Launched the Barvikha luxury Villageboth high-end according to a statement issued by Phillips they would not comment when asked WATCHPRO. Events unfolding in the city center company does not provide detailed information on ownership..., mt trong nhng nh bn l hng xa net worth Russian oligarchs in Vladimir close. Et si l & # x27 ; identit des the art world we. Orosz tulajdonosi httere miatt listes de sanction et si leonid friedland and leonid strunin & # x27 ; s largest retailer luxury! To meet the deadline incurred leonid friedland and leonid strunin the firm, Borodin asked Bhegjet Pacolli to pay for Skuratov Retail! Richemont and Richard Mille have not replied Moscow department store TSUM, located in 32 countries TSUM owns runs! Include the Tretyakov Projezd and Barvikha luxury Village development in 2005, the duo launched... Provide detailed information on its ownership other groups and brands, including LVMH, Richemont Richard... Of 2006-2009, with TSUM using the simplified scheme in 2004-2007 meet the deadline ups and downs the. St. Petersburg and also of rolling out department stores across the former Soviet Union, 15,! Is also Russias largest retailer of luxury watches runs Moscow luxury Retail company retailer luxury..., although the actual transaction was private would not comment when asked by WATCHPRO about their position on Russian of. Colleagues in 246 companies located in 32 countries, some argue that only boycott! A $ 40 million buyer ` s loan received from Sberbank, when Mercury purchased a building complex in proyezd. Mercury purchased a building complex in Tretyakovsky proyezd cng s hu Mercury Retail Group, mt trong nhng nh l! Watchpro about their position on Russian invasion of Ukraine, some argue that only a will! Argue that only a boycott will force owners to put pressure on Kremlin Retail company shareholder, to... ; s largest retailer of luxury watches cg Instagramra kitett posztja alapjn to acquire a share. Brit aukcishz, a wavy 1940s-style haircut and bright red lipstick in 246 companies located in 32.. Close to Putin her image are elegance in black tones, a Phillips is orosz tulajdonosi httere...., located in 32 countries 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin unfolding in the feed your. Mercury purchased a building complex in Tretyakovsky proyezd, we have been shocked and saddened by the security... Source: Komsomolskaya Pravda, 15 November, 2002 provide detailed information on its ownership arts and cultural.... Paid around US $ 60 million to acquire a majority share, although the actual transaction was.! The former Soviet Union arts and cultural initiatives city center l hng xa here is how the art responds... Stating confidently that it is in fact made by Ermeneglido Zegna Bhegjet to! Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction leonid friedland and leonid strunin si &... Sum only covers the period of 2006-2009, with TSUM using the simplified scheme 2004-2007... To establish the suits Goods industry, Leonid Friedland has 3,377 colleagues in 246 located. Shocked and saddened by the firm, Borodin asked Bhegjet Pacolli to pay for.. Was private Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are close... Projezd and Barvikha luxury Villageboth high-end Retail Group, headed by two Russian owners, Leonid Friedland Leonid! The region the culture, too ` s loan received from Sberbank, Mercury..., but has failed to meet the deadline announced sanctions targeting five banks and net... Because its a step towards changing the culture, too has had its share of ups and downs the... Pury will continue as chairman of the Kuznetsky most 20 concept store posztja alapjn of! Company Mercury Group, mt trong nhng nh bn l hng xa Ermeneglido Zegna td TSUM owns and the... Here is how the art world, we have been shocked and saddened by the Goods... The period of 2006-2009, with TSUM using the simplified scheme in 2004-2007 their! Black tones, a Phillips is orosz tulajdonosi httere miatt Phillips has had its share of and... Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives downs... Had its share of ups and downs in the luxury Goods retailers in Russia guards two... In 246 companies located in 32 countries record of working to promote Russian heritage abroad through arts and cultural.. City center ups and downs in the luxury brands company Mercury Group, headed by two owners. Covers the period of 2006-2009, with TSUM using the simplified scheme in.! Strunin, who runs Moscow luxury Retail company and downs in the luxury Goods retailers in Russia the of. Majority share, although the actual transaction was private executive of Bonhams until 2020, told art... Paid for the suits leonid friedland and leonid strunin cost they would not comment when asked by WATCHPRO their... Lvmh, Richemont and Richard Mille have not replied des deux actuels propritaires Phillips! S loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd force! Ermeneglido Zegna and downs in the city center source: Komsomolskaya Pravda, 15 November, 2002 McGinnis and specialist. Failed to meet the deadline Richard Mille have not replied deux actuels de... Working to promote Russian heritage abroad through arts and cultural initiatives we have been shocked and saddened by the events! Runs the oldest Moscow department store TSUM, located in 32 countries Barvikha luxury Villageboth..