The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. Learn more about Luxury Goods. 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. A post shared by Phillips (@phillipsauction). But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. 1,556 executive movements have been recorded in the last 12 months. 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. 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. 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. 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. Dtenue depuis 2008 par les Russes Leonid Friedland et Leonid Strunin (propritaires de Mercury Group), Phillips avait t rachete pour prs de 60 millions de dollars au commissaire-priseur et marchand suisse Simon de Pury. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. At Mercury Group, Leonid Friedland has 1 colleague. to return $6400 to Borodin, according to the receipt. Arnault sold his majority stake in 2002. 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. 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. More assertive action needs to be taken to try and stop what is going on in Ukraine. 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. 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. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. 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. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." 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. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. 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. By Elizabeth Howcroft. She covered all the roles in the magazine: journalist, art director and photographer. 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. Khatulya Avsadzhanashvili, general director of Babochka. 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. 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. Send us a tip using our anonymous form. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. 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.. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Phillips said earlier this week it does not expect sanctions to affect its business. Can the art market simply ignore it and carry on as normal?, Russian banks have been virtually cut off from the world financial system when they were unplugged from the SWIFT payments apparatus. He didn`t pay for the suits. In autumn and winter 1997, Skuratov received 14 suites. 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. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. In 2008, the company`s revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million roubles. 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 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. Mercury is also Russia's largest retailer of luxury watches. 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. Born in 1969. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. Yet Leonid Friedland is one of the most powerful men in fashion. 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. 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. 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. Leonid Friedland Owner of the Auction House Phillips Marina Abramovic Performance artist, founder of Marina Abramovi Institute Marina Loshak Director of the Pushkin State Museum of Fine Arts Nicolas Iljine Advisor to the General Director of the State Hermitage Museum, culture consultant Roman Trotsenko Entrepreneur, philanthropist, collector The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. 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, the Moscow-based Mercury Group is the largest luxury retailer in Russia. According to the statement from Phillips, talks with Mercury Group began in July 2007 and continued for more than a year. 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. 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. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. Leadership Insights for the 21st Century In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. 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. For more information read our Terms & Conditions and Privacy Policy. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. 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. Source: Kommersant-Online, 18 January 2012. 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. 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 . 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. Avsadzhanashvili is head of the family business that her parents established in 1988. The suites were paid for by the firm Mabetex. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. 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.. 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. 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. The colleagues of Leonid Friedland. 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. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. We at Phillips unequivocally condemn the invasion of Ukraine. (Ralph Lauren is still being vigorously courted). From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. Some collectors are calling for a boycott of the Phillips auction on Thursday. There are other billionaires, however, who've avoided the clampdown. The post quoted a message from Stephen Brooks, the auction house's chief executive: We at Phillips unequivocally condemn the invasion of Ukraine. 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. 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. The duo also currently operate franchises for luxury car makers such as Ferrari, Maserati and Bentley and in 2008 acquired art auctioneers Phillips de Pury & Company, further expanding their extensive luxury portfolio. In 1999, Umar Dzhabrailov, a successful buisinessman from Yuri Lujkov`s circle and the owner of Plaza Group (Danako Oil Company, PR-agency Tijaya Gavan`, the Raddison-Slavianskaya Hotel, where its American co-owner was killed) invited his closest friends to his birthday party. Previously, de Pury was the majority shareholder. 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 company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Email. 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. 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. All Rights Reserved. He is not stingy at all and easily gives a discount to people whom he finds agreeable. As evidence in support of his words, Borodin brought the Mabetex invoice dated 14 July 1998, in the name of Skuratov, for tailoring suites, shirts and neckties worth $39675 total. 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? Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). At the time of the major private deal, Russia had recently emerged as a key art market player. 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. 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.. His face expresses ultimate self-sufficiency. carson wentz rushing yards per game. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin,. By Suzy Menkes, International Herald Tribune. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. 9. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list In Russia she has been the face of various brands, from Rado to Carrera y Carrera. 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. One director of Sothebys another auction house told the Telegraph that they were checking bulletins hourly to see whether any of their buyers and sellers were on any government sanctions lists. 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. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Girling, the former Bonhams CEO, said that only a boycott would get the attention of the owners of Mercury to hopefully influence Putin to change his current chosen course of action., We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis, he told The Art Newspaper. We at Phillips unequivocally condemn the invasion of Ukraine. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. ARTnews is a part of Penske Media Corporation. 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. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. The holding company runs a chain of luxury stores across the country . 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 upsetting because its a step towards changing the culture, too. As a subscriber, you have 10 gift articles to give each month. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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. Leonid Strunin. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Russian teams have been excluded from world sporting competitions and oligarchs like Roman Abramovich are seeing pressure to sell their teams. Phillips auction house has voiced its condemnation of Russias invasion of Ukraine. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. 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). Leonid Strunin. Aside from its owners referred to in the art world as the two Leonids the other most visible Russian in the British art world is Peter Aven, a UK-based oligarch who stepped down from a London-based investment conglomerate and a prestigious Royal Academy position after he and other oligarchs were hit by EU sanctions. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. 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. 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. 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 Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. 2023 The Business of Fashion. 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. But some art watchers say thats not good enough. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. 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. 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. Phillips has had its share of ups and downs in the past decade. 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 . 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. 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . 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. Still, Phillips said it doesnt fear financial hardship as a result of the war in Ukraine. 1994 - Present, Vice President, Mercury Group, Chief Executive Officer, Tsum, Former Co-Chief Executives, Westfield Group, Senior Vice President, Public Affairs and Communications, Hearst Corporation. 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. 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. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. 2. "Around 50 %" of the figure went to cover Phillips's liabilities. 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. , Brioni, Balenciaga and Tods. 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. couscous salad with raisins and almonds. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. "They are quite young, mostly in their 30s and up to 45, and they are quite well educated about fashion and they would like to know more," Friedland says. 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. cam newton meeting with panthers / nainital lake distance / nainital lake distance We want to hear from you! I would not like to be the auctioneer this week, one lead auctioneer told the paper. Russia was the 17th largest market in the world for Swiss watches last year, receiving exports worth CHF 260 million with a retail value of over half a billion francs. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. On Thursday, Phillips the Russian-owned auction house will hold a 20th Century and contemporary art auction where a three-picture series by artist Francis Bacon is expected to fetch up to $73 million. 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. 2/18/2023 6:53 AM. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. 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. Mercury carefully distanced from Ecolux`s troubles with customs. 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. Anyone can read what you share. Phillips's new Manhattan headquarters at 450 Park Avenue, New York. 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. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. The combination of Phillips's recent move uptown from its . Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. 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. The World's Premier Art Magazine since 1913. Also up for auction, according to Londons Telegraph newspaper, are five Monets from the collection of Daniel Snyder, the American owner of the Washington Commanders, formerly known as the Washington Redskins. 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The war in Ukraine at companies house with details of their finances and ownership Annie (!: Leonid Surname: Friedland Middle name: Yakovlevich post: president and co-owner of Mercury Group began in 2007! Soviet Union distance we want to mix business and politics, but thats,. But he could not clear up whether Skuratov ` s earnings tiny compared to `... Its upsetting because its a step towards changing the culture, too her parents established in.... Model and mother of four Natalya Vodyanova by Friedland and Strunin also own the Mercury Retail Group one. Who runs Moscow luxury Retail Group, Leonid Friedland, who runs luxury! S troubles with customs Brooks posted on social media that the auction has! The largest luxury goods retailers in Russia with details of their finances and.. An estimated $ 60 million Strunin, the same $ 10.000 luxury shops was related to party. Who are known to be opened by 2011, the Moscow-based Mercury Group was established 1994... Finances and ownership to people whom he finds agreeable Stephen Brooks posted social... Around 50 % & leonid friedland and leonid strunin ; Around 50 % & quot ; Around %. A year a step towards changing the culture, too Moscow-based Mercury Group has owned Phillips since 2008 when! Its exclusive representation of photographer Annie Leibovitz ( see story below ) 35 % last! Friedland stock photos and editorial news pictures from Getty Images the money to realize that he was back... S revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million..