Harrys of London, a London-based contemporary footwear and accessories brand, announced Tuesday that the company is being acquired by U.S.-based real estate and media businessman Charles S. Cohen.
Cohen acquired 100 percent interest in the company from shareholders led by Palladin Consumer Retail Partners, a Boston-based private equity firm.
Cohen also recently acquired majority stake in Savile Row luxury menswear house Richard James.
“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, and I am eager to help the team grow Harrys on a global scale.”
Steven Newey will maintain his position as CEO of Harrys of London, while Cohen will take on the role of chairman, giving him the opportunity to play an active role in the company.
“I am incredibly excited to partner with Charles in bringing the Harrys of London brand to the next level. Charles brings a unique vision and background that will be invaluable in our future growth,” said Newey. “We are looking forward to taking full advantage of the new horizons this partnership will open up.”