Harrys Of London Acquired By Retail Partners
According to the world clothing and shoe net, American real estate developer and film producer billionaire Charles S. Cohen announced that it has acquired the UK through its private equity firm Retail Partners.
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Harrys of London, the specific financial details of the paction were not announced.
Cohen acquired a controlling stake in Retail Partners in 2014.
Cohen acquired shares from the current shareholders of Harrys of London, the largest shareholder being Palladin Consumer Retail.
The latter has a controlling stake in Harrys of London since 2014.
After the paction is completed, Harrys of London's incumbent CEO Steven Newey will continue to be responsible for managing the company while Cohen will act as the chairman.
"I have always been a fan of Harrys of London, and their products are combined with luxury, modern manufacturing techniques and new technologies."
Cohen said: "I am very glad to have the opportunity to cooperate with them.
Harrys of London has great potential in London, the United States, Asia and the Middle East, and we will help them enter the world.
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Newey said: "Cohen is a very valuable partner for the future with a unique vision.
We are looking forward to working with them to bring Harrys of London to a new level.

Harrys of London was founded in 2001. It was first made of high-end men's clothing and opened its first store in London in 2008.
At present, the brand retail network has expanded to the Middle East market, including UAE, Saudi Arabia and Kuwait.
In addition, Harrys of London's wholesale channel partners include Barneys New York, Harrods, Holt Renfrew, Lane Crawford, and Renfrew high grade department stores.
As a real estate tycoon, Cohen's recent interest in the fashion industry is particularly strong.
In March of this year, he just bought the Richard James, the British menswear custom brand.
(see the report: American real estate and film tycoon buy London menswear custom brand Richard James) last week, Richard James James was first moved after being bought, announced that it will open its first store in New York in September, and will resend the men's fashion show.
Charles S. Cohen owns 12 million square feet of gold in the United States, including Fifth Avenue 623 office building, Decoration and Design (D&D) Building in Manhattan, Pacific Design Center in California West Hollywood, and the upcoming Design new cinema in Greenwich Village.
Charles S. Cohen is also building a Le Meridien Le Meridien Munich Hotel in the American design center in southern Florida.
Charles S. Cohen is also involved in the film industry.
He is the owner, chairman and CEO of Cohen Media Group. Cohen Media Group is an independent film production and distribution company, distributing independently produced foreign language and art films in North America, and has released more than 64 films so far.
The company also has a film department, which has restored and issued several classic 200 films including Buster Keaton, Douglas Fairbanks, Alfred Hitchcock and Luis Bunuel, and other famous directors, as well as Merchant Ivory produced old movies.
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