You have entered an incorrect email address! Dior and Saint Laurent: Twilight of the Gods. Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. 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. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. 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. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. 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.. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. Update the org chart details of Leonid Friedland. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. 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. 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. He is not stingy at all and easily gives a discount to people whom he finds agreeable. Subscribe today and save! ARTnews is a part of Penske Media Corporation. 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. (Abramovich said Wednesday that hed sell the Chelsea soccer team in the UK.). 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. 9. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. 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. 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. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. 5. "It is not as successful as showing it off. 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. 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. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. 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. 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. He is also the founder of TSUM Art Foundation. Tom Ford Tax-back claims made against TSUM totalled $69 roubles. Inspectors found that TSUM had been using this strategy of social tax evasion since 2004. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. All rights reserved. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. Skuratov was very worried about the fact that his suits were paid by Mabetex, and he gave Borodin $10.000 pay-in, asking for the receipt. 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. 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. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Mercury is run by Leonid Friedland, whom the style writer Suzy Menkes has described as "one of the most powerful men in fashion," and his associate, Leonid Strunin. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. 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. Mercury's critics (always off the record) suggest that the company should teach the consumer that a luxury product is not just about logos; that it is ruthless in cutting deals to undermine its smaller competitors; and that its markups are outrageously high. Will art buyers show solidarity with Ukraine or will the art world display its usual hypocrisy?. Send us a tip using our anonymous form. 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. 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. 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. Leonid Friedland had already declared that Mercury didn`t participate in foreign trade activities, in fact, he had no idea how the goods were delivered to Moscow. Today, there are calls for its boycott. 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. 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. But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. As for the multiple overpricing of luxury goods, in comparison with its producing country, there is no crime, because one is free to price the goods as far as they meet a ready sale. Leonid Strunin. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Read More . 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. 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. 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. Avsadzhanashvili is head of the family business that her parents established in 1988. His face expresses ultimate self-sufficiency. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. 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. carson wentz rushing yards per game. All Rights Reserved. . After graduating from London's Central Saint Martins, Gordienko created the thick Marfa Journal, a magazine dedicated to her impressions of everything in the world from travels with friends across the U.S. and encounters with Erik Brunetti, creator of the FUCT clothing brand, to works by minimalist artist Donald Judd. LONDON (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 Western sanctions on Russia as punishment for its invasion of Ukraine. In a Financial Times interview in 2017, Aven identified his favourite piece as Les Maisonettes Rouges by Marc Chagall, bought for a recorded 3.3m. 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. 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. 100 years of fashion in Russia: 1915-2015>>>. 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. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. 2023 The Business of Fashion. l***@mercury.ru. 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