Other than suggesting . 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 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. I have no idea if they will stay, to be honest, and it is very worrying. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. He is also the founder of TSUM Art Foundation. 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. Later a caf opened in the concept store. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Mercury is run by Leonid Friedland and his associate, Leonid Strunin. 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 Russia's largest luxury goods retailers. 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. We at Phillips unequivocally condemn the invasion of Ukraine. 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. He suggested ordering suits from the firm Zegna, Property Management Department`s official partner at that time. 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. The Ukrainian Red Cross Society is doing incredible work to support and protect people in the region, and it is our hope that the 5.8 million of buyers premium and vendors commission from our Evening Sale will help this extraordinary charity as they continue their life saving mission, Mr Brooks shared. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. The list includes a number of Russians but who are they? Olga Karput, creator of the Kuznetsky Most 20 concept store. The people shaping the global fashion industry, curated by the editors of The Business of Fashion, based on nominations and on-the-ground intelligence from around the world. 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. The combination of Phillips's recent move uptown from its . 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. 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. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. Or, as Gucci's Domenico de Sole puts it: "If you want to do business in Russia, they do an excellent job.". After LVMH owner Bernard Arnault acquired a majority stake in 1999, the company made an unsuccessful attempt to compete with Sothebys and Christies, often through aggressive use of guarantees, which were not always recouped at auction. 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. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. 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. The colleagues of Leonid Friedland. All bets are off now. 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. 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. There are other billionaires, however, who've avoided the clampdown. 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"). 8. 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. Matthew Girling has also urged collectors to boycott Phillips. Phillips is listed by Companies House as having two owners "with significant control" - Leonid Fridlyand and Leonid Strunin - Russians who give their address as the company's Mayfair . Mercury is also Russias largest retailer of luxury watches, Swatch Group has already said it has stopped exporting watches to Russia, Patek Phillipe Nautilus watch created with Tiffany, LVMH and Richemont suspend operations in Russia, Breitling CEO joins street protest against Russian invasion of Ukraine, eBay auctions Milus Snow Star Boreal Green to raise money for Red Cross in Ukraine, Christopher Ward gifts Ukraine watch to 18-year-old refugee from his war-torn country, Sanctions push Harrods to limit watch sales to Russian customers. Hall, whose collection of more than 5,000 pieces includes noted works by Ed Ruscha, Barbara Kruger and Julian Schnabel, told The Post he bought something from Christies another competing auction house on Wednesday, but wouldnt buy from Phillips. 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. Tom Ford 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. 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. 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. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). 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. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. At the time of the major private deal, Russia had recently emerged as a key art market player. Leonid Friedland's Phone Number and Email Last Update. Learn more about Luxury Goods. In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. 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. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. (Ralph Lauren is still being vigorously courted). For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. 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. 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. His greatest pride is his tank with piranhas. "Around 50 %" of the figure went to cover Phillips's liabilities. Yet Leonid Friedland is one of the most powerful men in fashion. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. All my money goes into art, he said. 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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. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. Alexandra Gordienko, creator of the Marfa Journal. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. Avsadzhanashvili is head of the family business that her parents established in 1988. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. Mercury group has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. Click here to find out more. Immediately after high school, 17-year-old Volkova went to study at London's Central Saint Martins and in 2004 founded her own brand, Lotta Skeletrix, which made collections of street clothes in the postpunk style. Mercury's growth parallels the development of post-Communist Moscow, from its big bang of glitz-and-glam new money to the more normal if fragile existing economy. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. This website uses cookies. Mercury carefully distanced from Ecolux`s troubles with customs. 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. The art world is delusional if it feels it can escape it.. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. 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. That amounts to Borisenko monthly wage of $50.000. Subscribe today and save! Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. Select from premium Leonid Friedland of the highest quality. 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. 7. 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). More assertive action needs to be taken to try and stop what is going on in Ukraine. 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