Charles Cohen has bought UK-based men’s footwear and accessories retailer Harrys of London. The American real estate and movie billionaire plans to open more stores in London. And he will boost the label’s presence in North America, Asia and the Middle East saying he sees it as a business that could grow “on a global scale”.
He acquired the brand from current shareholders, the largest of which was Palladin Consumer Retail Partners, which has held a controlling stake since 2014. No price was disclosed. Harrys chief executive Steven Newey is staying on in his role with Cohen set to become chairman of the firm.
The Harrys brand was launched in 2001 as a formal shoe brand and only opened its first London store in 2008, in Mayfair. It has since opened in the historic Burlington Arcade as well as having a presence in high-end department stores including Harrods and Lane Crawford. It is also stocked by stores in some of the wealthiest countries in the Middle East.
Charles Cohen recently acquired Savile Row tailor Richard James.
More from NEWS
IHG announced that following an extensive refurbishment due to commence in early 2020, InterContinental Hong Kong, originally a Regent, will …
Intercontinental Hotels Group is reportedly working with a property investor to participate in the £1.2 billion (US$1.7 billion) auction of …