His greatest pride is his tank with piranhas. 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. Biography . Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Friedland and Strunin also own the Mercury Retail Group, one of Russia's largest luxury goods retailers. to return $6400 to Borodin, according to the receipt. Neither Mr Fridlyand nor Mr Strunin is on a US or UK sanctions listand Phillips told The Art Newspaper it wouldnt do business with anyone who was on a sanctions list. Meanwhile, Hall said that even if people didnt want to boycott Phillips for moral reasons, practical reasons should stop people from placing bids: the risk is that Phillips accounts could be frozen and consignors find they dont see their sales proceeds. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. 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. We do not expect the recent sanctions to affect our business, a spokesperson for the auction house said, adding that Phillips does not conduct business with any individuals or institutions who are subject to sanctions.. 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 also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Source: History of criminal case N 18/277049-99. Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Leadership Insights for the 21st Century 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. 2023 The Business of Fashion. Save my name, email, and website in this browser for the next time I comment. Previously, de Pury was the majority shareholder. Yet Leonid Friedland is one of the most powerful men in fashion. 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. "Stealth wealth is not working yet in Russia," Friedland says. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. 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. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. 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. 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. 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. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. 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. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. There are other billionaires, however, who've avoided the clampdown. 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. Dtenue depuis 2008 par les Russes Leonid Friedland et Leonid Strunin (propritaires de Mercury Group), Phillips avait t rachete pour prs de 60 millions de dollars au commissaire-priseur et marchand suisse Simon de Pury. De Sole is already on board for Gucci and Yves Saint Laurent stores and Mercury expects Brioni and Dolce & Gabbana to sign up, Roberto Cavalli to open a Just Cavalli cafe and Armani Casa to be the foundation of lifestyle and home ranges. 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. 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. 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. "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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . 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.. "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. Select from premium Leonid Friedland of the highest quality. 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. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. Send us a tip using our anonymous form. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. That seller is starchitect Norman Foster. leonid friedland net worth. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. According to the statement from Phillips, talks with Mercury Group began in July 2007 and continued for more than a year. Nine of the 10 most expensive watches were sold through Phillips in 2021, including a brand-new reference 5711 Patek Phillipe Nautilus watch created with Tiffany, which initially sold for $6.5 million, before the winning bidder withdrew and the second, under bidder was awarded the sale. Contact. Phillips has had its share of ups and downs in the past decade. Art markets are the perfect way to move money and not trace beneficial ownership, Louise Shelley, director of the Terrorism, Transnational Crime and Corruption Center at George Mason University told The Post. 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. (Ralph Lauren is still being vigorously courted). 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 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. By Suzy Menkes, International Herald Tribune. 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. However, Mercury ategorically denied any possibility of such a deal. Born in 1969. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. 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. In 2009, the Moscow City Property Department brought to the Moscow Arbitrary Court a 1,5 million roubles civil suit against the Torgovy Dom TSUM. 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. I dont think that anyone should be dealing with Russian or Russian-owned companies at the moment, said Andy Hall, an art collector and philanthropist. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. After Rei Kawakubo (Comme DesGarons) took the young Russian designer and photographer under her wing in 2010, he became a household name among the world's fashion buffs. As a subscriber, you have 10 gift articles to give each month. 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 lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . Mercury group has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. 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. 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. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. A Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and 2008. At Mercury Group, Leonid Friedland has 1 colleague. 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. Former Bonhams C.E.O. 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.". Subscribe today and save! The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. 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. 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. She covered all the roles in the magazine: journalist, art director and photographer. 4. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. Now Mercury is about to double its customer reach and its 1,000 strong work force by refurbishing TSUM, the dowager grand duchess of department stores, which brought luxury to Moscow in Russia's Belle Epoque. 2023 Art Media, LLC. 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. 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. Litvinova is often called the "Marlene Dietrich of today" and the "Russian icon of style." Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. Dior and Saint Laurent: Twilight of the Gods. 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. 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. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. Mercury started investing into Expansion Redesign project of the DLT in 2005. In 2008, the company`s revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million roubles. 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. Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. 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. We call for an immediate cessation of all hostilities in the strongest possible terms.. People take note of the Conservative MP who said that everyone who is Russian should be sent back and another who suggested Russian deposits should be limited to 50,000., They added: The collectors of art are rare in any group but it might be a higher percentage among this group because they have the means, the time and also the interest and incentive. 8. 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. 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. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. They say that until recently, this luxury trader has enjoyed bringing his Mom to the high-end parties, that certainly speaks volumes for him, as well as the Mercury annual turnover, estimated at $150 million. Subscribe today and save! 2/18/2023 6:53 AM. Miroslava Duma, publisher of Buro 24/7. But there is one Western element that he does not yet see. 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 U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. Other than suggesting . 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 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. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) 3. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. 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