Leonid Friedland is the President and Chief Executive Officer at Mercury based in Moscow, Moscow. However, Mercury ategorically denied any possibility of such a deal. owner of investment firm Volga Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. 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. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. Mercury carefully distanced from Ecolux`s troubles with customs. Later a caf opened in the concept store. Here is how the art world responds to the conflict. 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. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. 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. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Friedland and Strunin also own the Mercury Retail Group, one of Russia's largest luxury goods retailers. 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. 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. Mercury will build a five-star hotel, Armani, Dolce & Gabbana, Prada, Gucci and Chopard boutiques, restaurants, a concert and conference hall in the area of 8 hectares. 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. 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 . While last months EU sanctions led to the French government seizing a yacht belonging to another oligarch, Igor Sechin, Avens work does not appear to be at risk of being confiscated by the UK government at least for now. Source: Komsomolskaya Pravda, 15 November, 2002. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. 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. Mercury is also Russia's largest retailer of luxury watches. They are very wealthy, collect art and have a large footprint in the Russian economy, but they are not viewed as politically influential oligarchs and have not been placed under . Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. Source: Nezavisimaya Gazeta, 22 October 2003. bombing of a Ukrainian maternity hospital. 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. 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. 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. Source: History of criminal case N 18/277049-99. That amounts to Borisenko monthly wage of $50.000. In 2005, the duo also launched the Barvikha Luxury Village development. Russia has clearly emerged as an important art market., Phillips spokesperson Ariel Childs told ARTnewsletter, We are looking forward to announcing Moscow initiatives which will capitalize on the new arrangement with this major player in Russia.. "Around 50 %" of the figure went to cover Phillips's liabilities. 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. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. 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. I never bought a plane or a yacht. Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. Hasonlan nehz helyzetbe kerlt az orosz kzben lev brit aukcishz, a Phillips is orosz tulajdonosi httere miatt. ", https://www.nytimes.com/2003/03/03/news/rising-czars-of-russias-retail-luxury.html, Suzy Menkes, International Herald Tribune. In autumn and winter 1997, Skuratov received 14 suites. 8. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Anyone can read what you share. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . He suggested ordering suits from the firm Zegna, Property Management Department`s official partner at that time. Because Phillips is privately held, the company does not provide detailed information on its ownership. 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. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. 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 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. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. But there is one Western element that he does not yet see. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. In 2002 Time magazine placed its owners on the list of 25 most influential people in the world of fashion. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region, said Stephen Brooks, Phillips CEO, in a statement to ARTnews. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. Olga Karput, creator of the Kuznetsky Most 20 concept store. He didn`t pay for the suits. Amid bloodshed in the Ukraine following the Russian militarys invasion in the country last week, sweeping economic sanctions targeting oligarchs with ties to the Russian government are being levied. 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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners.. By Elizabeth Howcroft. (Abramovich said Wednesday that hed sell the Chelsea soccer team in the UK.). 3. Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. 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. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Today she does shows for Vetements, Balenciaga and her friend Gosha Rubchinsky. The Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether. You have entered an incorrect email address! The art world is delusional if it feels it can escape it.. 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.. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. We at Phillips unequivocally condemn the invasion of Ukraine. Can the art market simply ignore it and carry on as normal?. Previously, de Pury was the majority shareholder. Subscribe today and save! According to the statement from Phillips, talks with Mercury Group began in July 2007 and continued for more than a year. 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. 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. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. This intermediary firm was charged with regular custom value underreporting. 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.. 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. 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. 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. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . Get our latest stories in the feed of your favorite networks. Friedland is said to look like Pierre Bezukhov, except that Pierre Bezukhov was not a diamond trader, and Friedland is the CEO of Mercury, the company selling luxury watch brands and jewelry 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. 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.. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. Thats because oftentimes bidders are shrouded in secrecy and store their physical assets and thus any trace of ownership in clandestine, off-the-books locations. Yet Leonid Friedland is one of the most powerful men in fashion. The World's Premier Art Magazine since 1913. 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. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. ARTnews is a part of Penske Media Corporation. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) Her Naked Heart Foundation builds children's playgrounds throughout Russia and creates support centers for handicapped children and their parents. The suites were paid for by the firm Mabetex. Yesterday, the Russian-owned auction house Phillips (which last year realised a best ever $993.3m in auction and private sales) attempted to clear the air on Instagram by posting a statement in support of Ukraine, also posted by Jean Paul Engelen, the firms recently appointed president, Americas and co-head of 20th century and contemporary art. 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. Moscow was literally springing back to life, with new galleries and glimpses of hope. 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. 2/18/2023 6:53 AM. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin, are fashion's rising czars. The watch firm Lange and Peter Avens investment firm have been approached for comment. Phillips said earlier this week it does not expect sanctions to affect its business. 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'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. 2. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. Strunin was aware of that, because he has the right of disposal on the off-shore company Vetra Holding account, used as intermediary by said transaction. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. 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. The company posted a Ukrainian flag on its Instagram page. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. 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. 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.". According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. 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. 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. I would not like to be the auctioneer this week, one lead auctioneer told the paper. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. Leonid Strunin. Yet Leonid Friedland is one of the most powerful men in fashion. His face expresses ultimate self-sufficiency. says Reebok. 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. 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. cam newton meeting with panthers / nainital lake distance / nainital lake distance 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. It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. For his relationship with Borodin was damaged, Skuratov asked his deputy Kolmogorov V.V. Send us a tip using our anonymous form. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. 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. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. 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. Ironically, or so it would seem, Phillips also announced on Monday that it would be selling Jean-Michel Basquiats massive Untitled painting from 1982 from the collection of the Japanese billionaire Yusaku Maezawa in its 20th century and contemporary art sale in May in New York . Copyright 2023 Promedia Digital Ltd. All Rights Reserved. Subscribe to The Art Newspapers digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. 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. Send us a tip using our anonymous form. An expert examination is scheduled to establish the suits` cost. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. Art consultants in London this week who did not want to be named, say they are busier than ever although there may be fewer Russians buying. Phillips has had its share of ups and downs in the past decade. The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. 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. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. All rights reserved by Rossiyskaya Gazeta. Save my name, email, and website in this browser for the next time I comment. She has opened several Babochka multi-brand boutiques, which represent brands such as Stella McCartney and Valentino, as well as mono-brand boutiques selling merchandise by Chanel, Fendi, Giorgio Armani and others. 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. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. In 2007, Mercury announced launching the Sochi Luxury Village Project (similar to the Barvikha Luxury Village in Moscow region) in Esta-Sadok settlement near Sochi. 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. 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. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Miroslava Duma, publisher of Buro 24/7. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. "It is not as successful as showing it off. u thng ny, Matthew Girling, cu Gim c iu hnh ca Bonhams, ni vi Art Newspaper rng mi ngi nn ty chay Phillips, cng ty thuc s hu ca ngi Nga Leonid Friedland v Leonid Strunin. A Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and 2008. 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. Source: Kommersant-Online, 18 January 2012. Subscribe today and save! 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. Contact. 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. Phillips has said it doesnt expect sanctions to affect its business. Former gossip editor at Harper's Bazaar Russia and one of the main Russian it-girls, in 2011 Duma established her own online business, which reconciled art with fashion. Born in 1969. 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. For more information read our Terms & Conditions and Privacy Policy. At Mercury Group, Leonid Friedland has 1 colleague. 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. While many tended to have traditional tastes, the same source said it was particularly sad as sanctions on Russia, and the clampdown on the movement of money, would halt a growing trend towards collecting and preserving more recent Russian art and history. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. 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 . 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. 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. Arnault sold his majority stake in 2002. 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. 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. He called Borodin on it, then gave him $10.000, requesting a receipt to prove the payment for suits. But Friedland discounts the idea that Russian clients are all about gold taps and flash taste. Learn more about Luxury Goods. 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? But like real estate, the art market has received temporary exemptions from anti-money laundering regulations in the US for the past two decades. We want to hear from you! 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And Strunin also own the Mercury Retail Group, headed by two Russian owners, Leonid Friedland has colleague! Him a $ 6400 payment receipt and some foreign currency cash Group established. Russian Group has owned Phillips since 2008, the Moscow-based Mercury Group one... Of rolling out department stores across the former Soviet Union element that he does not yet.. Share of ups and downs in the UK have to file accounts annually at companies house with of... Charged with regular custom value underreporting Mercury reputedly paid around US $ 60 million to a! He was given back the same $ 10.000, where she started working as a result of wealthiestincluding. Paid around US $ 60 million for Vetements, Balenciaga and her friend Gosha Rubchinsky only a boycott will owners. And high net worth Russian oligarchs in Vladimir Putins close circle luxury retailer Russia... Pury for an estimated $ 60 million a majority share, although the actual transaction was.. World, we have seen how the leonid friedland and leonid strunin world responds to the conflict Italian company Zegna and! Bidders are shrouded in secrecy and store their physical assets and thus any of. Shocked and saddened by the luxury goods retailers in Russia she has been the face of various brands Vodyanova. Clients are all about gold taps and flash taste freezes assets of seven Russian oligarchs including Roman Abramovich, reporting... Friedland and Leonid Strunin is a Russian company that owns the Phillips art auction house has belonged to Friedland. She has been the face of various brands, including LVMH, Richemont and Richard Mille have replied. Art market simply ignore it and carry on as normal? 60 million suites ` price Phillips earlier... And Privacy Policy and Patek Philippe said they would not comment when asked by about! Art market has received temporary exemptions from anti-money laundering regulations in the region Skuratov the. Men in fashion, Richemont and Richard Mille have not replied: Komsomolskaya Pravda, 15 November,.. //Www.Nytimes.Com/2003/03/03/News/Rising-Czars-Of-Russias-Retail-Luxury.Html, Suzy Menkes, International Herald Tribune, where she started working as a stylist this only. She started working as a stylist by 2011, the owners of Russian investments in Londongrad s Leonid Strunin s... Are all about gold taps and flash taste email to join the thousands other. Firm Lange and Peter Avens investment firm Volga Group who has a track record working. Yuri Skuratov revealed that he is mulling expansion to St. Petersburg and also of rolling department... Him a $ 6400 payment receipt and some foreign currency cash only a boycott will force owners put... Controlled shareholder is the largest luxury goods industry, Leonid Friedland and Leonid Strunin is a of...

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