Billionaire Charles Cohen buys Harrys of London

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Luxury shoe retailer Harrys of London has been bought by US entrepreneur, investor, and film producer, Charles Cohen, who has appointed himself chairman of the company.

Cohen intends to play an active role in helping the brand in its future global growth strategy, which plans expansion in London, the US, Asia, and the Middle East.

Cohen said : “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. 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, the current CEO of Harrys of London, will remain in his position and said: “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. We are looking forward to taking full advantage of the new horizons this partnership will open up.”

Cohen bought Harrys of London from Palladin Consumer Retail Partners, which acquired a majority stake in the company in 2014.

He also recently acquired a controlling stake in Savile Row luxury menswear house Richard James.

Harrys of London was founded in 2001 and the first retail location opened in Mayfair in 2008. The company now has retail locations throughout the Middle East and its products are also available from high-end department stores and retailers worldwide including Barneys, Harrods, Lane Crawford, and Mr. Porter.

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