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Property investor acquires Harrys of London

A New York-based property and media entrepreneur, Charles S Cohen, has bought Harrys of London for an undisclosed sum from shareholders led by US-based private equity firm Palladin Consumer Retail Partners.

Harrys of London

Harrys of London

Harrys of London

He will now assume the position of chairman at the British contemporary footwear and accessories firm as it expands internationally.

“Harrys of London has been a brand I have supported and respected for a long time, bringing a unique mix of luxury, contemporary craftsmanship and cutting-edge technology and design,” said Cohen.

“We see huge potential for expansion across the US, London, Asia and the Middle East.”

Harrys chief executive Steven Newey will continue in his role and added: “Charles brings a unique vision and background that will be invaluable in our future growth.”

Harrys of London was founded in 2001 and opened its first store in London’s Mayfair in 2008. The firm has since relocated its London shop to Burlington Arcade.

Its stockists includes Barneys, Harrods, Holt Renfrew, Lane Crawford and Mr. Porter.

Palladin acquired a majority stake in Harrys of London in 2014.

Cohen has a property portfolio of more than 12m sq ft across the US and is the owner of Cohen Media Group, which produces and distributes classic films.

He took a majority stake in Savile Row menswear firm Richard James in March.

 

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