In 2008, the company`s revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million roubles. On August 23, the Mercury construction director Dmitry Eliseev wrote to the first deputy chairman of Saint-Petersburg commitee for construction Nikolay Krutov, asking him for 10-month extention of the term. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. 100 years of fashion in Russia: 1915-2015>>>. The company is involved in famous brand retail, mainly in St. Petersburg. 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. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. 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 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 . In 2005, the duo also launched the Barvikha Luxury Village development. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. The art world is delusional if it feels it can escape it.. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . 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. 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. 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. Yet Leonid Friedland is one of the most powerful men in fashion. 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. All bets are off now. 1,556 executive movements have been recorded in the last 12 months. Send us a tip using our anonymous form. Born in 1969. 2023 Art Media, LLC. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . "It is not as successful as showing it off. The holding company runs a chain of luxury stores across the country, including the Moscow department store Tsum. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. In recent years, Phillips has successfully carved out a niche for itself by holding sales of cutting-edge contemporary art, photography and design, in addition to conducting private treaty sales. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. bombing of a Ukrainian maternity hospital. 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. 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 . Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. More assertive action needs to be taken to try and stop what is going on in Ukraine. Biography . The billionaires obviously came but then they brought a next wave, including those who worked with and for them as well as others who came simply because they could, said one concerned Russian whose business is part of a network of advisories and consultancies catering for compatriots needs on schooling, property and culture. 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. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. 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. Alexandra Gordienko, creator of the Marfa Journal. However, Mercury ategorically denied any possibility of such a deal. 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. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. The World's Premier Art Magazine since 1913. 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. Olga Karput, creator of the Kuznetsky Most 20 concept store. 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. The Let`s Solve the Money Issue buisiness proposal, usually welcomed among the Ministry of Internal Affairs officers, transforms into $300.000, with Borisenko taking $250.000. Select from premium Leonid Friedland of the highest quality. "Stealth wealth is not working yet in Russia," Friedland says. 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 at Phillips unequivocally condemn the invasion of Ukraine. 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.. But some art watchers say thats not good enough. 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. 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. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. Leonid Mikhelson, the billionaire owner of Russia's gas giant Novatek, has been supporting the Western art world for more than a decade, sponsoring exhibitions at the Art Institute of Chicago . Tax-back claims made against TSUM totalled $69 roubles. Tom Ford (Ralph Lauren is still being vigorously courted). Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. I have no idea if they will stay, to be honest, and it is very worrying. 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. 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. Mercury carefully distanced from Ecolux`s troubles with customs. 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. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . . Feeling responsible for the expenses incurred by the firm, Borodin asked Bhegjet Pacolli to pay for Skuratov. 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. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. He is also the founder of TSUM Art Foundation. 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. 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 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. This website uses cookies. 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. 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.". Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. 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. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. 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. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. The post quoted a message from Stephen Brooks, the auction house's chief executive: We at Phillips unequivocally condemn the invasion of Ukraine. 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. Moscow was literally springing back to life, with new galleries and glimpses of hope. We've received your submission. She covered all the roles in the magazine: journalist, art director and photographer. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. The combination of Phillips's recent move uptown from its . In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. 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. The colleagues of Leonid Friedland. The top three are Roman Abramovich, Alisher Usmanov and Leonid Mikhelson, together worth $58.3 billion. 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. 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