1,556 executive movements have been recorded in the last 12 months. 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.. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. l***@mercury.ru. 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. 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. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Leonid Strunin. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. Because Phillips is privately held, the company does not provide detailed information on its ownership. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. He suggested ordering suits from the firm Zegna, Property Management Department`s official partner at that time. Dior and Saint Laurent: Twilight of the Gods. 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.. That seller is starchitect Norman Foster. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. 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. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. He is also the founder of TSUM Art Foundation. Alexandra Gordienko, creator of the Marfa Journal. 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. Miroslava Duma, publisher of Buro 24/7. 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. But some art watchers say thats not good enough. 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 . We call for an immediate cessation of all hostilities in the strongest possible terms.. bombing of a Ukrainian maternity hospital. 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. 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. However, none of its competitors believe it. All my money goes into art, he said. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. 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. His greatest pride is his tank with piranhas. 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. 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. 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. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. 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. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. The company posted a Ukrainian flag on its Instagram page. 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. 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. 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. 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. 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. 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. This intermediary firm was charged with regular custom value underreporting. ARTnews is a part of Penske Media Corporation. 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. We want to hear from you! It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. Email. 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. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. Anyone can read what you share. 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. The holding company runs a chain of luxury stores across the country, including the Moscow department store Tsum. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). Arnault sold his majority stake in 2002. 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. 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. This partnership with a major player in the luxury sector will allow us to provide a unique platform to new and fast growing markets, de Pury said in the statement. 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. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. The company is involved in famous brand retail, mainly in St. Petersburg. 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? We call for an immediate cessation of all hostilities in the strongest possible terms, he said. 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. Phillips has had its share of ups and downs in the past decade. couscous salad with raisins and almonds. 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. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. By Elizabeth Howcroft. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. Mercury is run by Leonid Friedland and his associate, Leonid Strunin. Litvinova is often called the "Marlene Dietrich of today" and the "Russian icon of style." Get our latest stories in the feed of your favorite networks. 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. 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. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. Khatulya Avsadzhanashvili, general director of Babochka. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. 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. 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. By Suzy Menkes, International Herald Tribune. 4. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers 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 . Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. The holding company runs a chain of luxury stores across the country,. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. He is also the founder of TSUM Art Foundation. 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. 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 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. Set in grounds of over 80,000 square metres complete with hotels, spas and a concert hall, the village also boasts a dedicated shopping street lined with brands such as Source: History of criminal case N 18/277049-99. All Rights Reserved. 2/18/2023 6:53 AM. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. Mercury started investing into Expansion Redesign project of the DLT in 2005. 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. 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. The feed of your favorite networks to them, and they are not aware any! By Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries Ukrainian flag week! 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