LONDON, Jan. 24, 2008/PRNewswire/
--
David Linley is delighted to announce that Senator of Russian
Federation Sergei Pugachev has become a shareholder and will
join the Board of LINLEY, the company David founded in 1985.
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Senator of
the Russian Federation, Sergei Pugachev (left) who is
joining the Board of LINLEY the company founded by David
Linley (right) in 1985.
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Born in 1963 in Kostroma,
Senator Pugachev is a main shareholder of OPK (United
Industrial Corporation). Founded in 2004, United Industrial
Corporation (OPK) is a diversified holding company with assets
in excess of US$ 13 billion. The Company develops and manages
a portfolio of investments in major sectors of the Russian
economy, including financial sector, real estate development,
infrastructure, shipbuilding, mining and media.
David comments "I am thrilled that Senator Pugachev is joining
us. As well as being a friend, he is someone whom I admire
greatly in all that he has achieved professionally. His
understanding and knowledge of the luxury goods business make
him the perfect partner for the international expansion
strategy of LINLEY. We also share an appreciation of fine
craftsmanship and design".
David will remain Chairman and the majority shareholder of
LINLEY. The international development strategy will capitalize
on the strong recognition of the LINLEY brand worldwide and
its well-established client base for his unique interior and
bespoke design, furniture, upholstery and accessories
business.
David Linley trained as a cabinetmaker. The initial focus of
his business was bespoke furniture and it has since
diversified into a growing retail and interior design
business. Recent projects have included suites at Claridge's,
yacht interiors, the refurbishment of the renowned Goring
Hotel Restaurant in London and residential properties ranging
geographically from Miami to Moscow. David Linley will
continue to combine the passion he holds for his own company
with that of his role as Chairman of Christie's UK.
The expansion of LINLEY will begin with the opening next year
of showrooms in Moscow, Hong Kong and a third location yet to
be selected.
Recently Mr. Pugachev has diversified his activities in the
luxury goods business through the investment company Luxadvor
that recently acquired the renowned French luxury brand
Hediard with a presence in over 30 countries. His group also
includes the television channel Luxe TV that reaches an
audience of 380 million viewers in Asia, Australia, Europe,
India the Middle East and North Africa.
The group of Mr Pugachev owns the International Industrial
Bank - one of the largest corporate banks in Russia as well as
a string of real estate large-scale projects with over 4
million square meters of premium and business class projects.
It also controls Severnaya Verf and Baltiysky Zavod, leaders
of the Russian shipbuilding industry and OPK Mining which has
one of the largest coking coal fields in the World which, at
full capacity will be the third largest in the World.
LINLEY Belgravia, 60 Pimlico
Road, London SW1 and LINLEY Mayfair, 46 Albemarle St, London
W1,
http://www.davidlinley.com
Source: PRNewswire
CONTACT: Christina Macmillan at LINLEY on
T: +44-207-824-7211 C: +44-7711-519034 E:
cmacmillan@davidlinley.com.
Acquisition adviser: Seignelay
Advisors,
ciryl_julien@seignelay-advisors.eu
Website:
http://www.davidlinley.com
