Harrys of London got a new owner earlier this year but now it's without a chief executive officer.
Steven Newey is stepping down “with immediate effect” from the role he’s held for more than two years, and it seems that Richard Cohen will be leading the company in an advisory role for the time being.Harrys characterized Cohen as a “veteran men's wear executive” in a brief statement and said he will “continue to advise the company in its planned global expansion” over the coming months, including the upcoming opening of a flagship store on Park Avenue in New York.Cohen previously held executive positions at Trinity Ltd., Saks Fifth Avenue, Robert Talbott, St. John Knits and Ermenegildo Zegna Group.Newey’s apparently abrupt departure comes not long after Charles Cohen, an American billionaire best known as a commercial real estate developer, bought Harrys for an undisclosed sum from Palladin Consumer Retail Partners, a Boston-based private equity firm that in 2014 took a majority stake in the brand.Charles Cohen and Richard Cohen are not related, a Harrys spokesman said.Charles Cohen has held the position of chairman since the acquisition, but said at the time that he intended to keep Newey on as ceo and that he was looking forward to working “closely with Steven and the rest of the team.” This was the same management method Cohen used when he in March bought a majority stake in Savile Row tailor Richard James, where Sean Dixon, cofounder of the brand, remains in his role of managing director.Harrys was founded in 2001 as a high-end men’s dress shoe brand. It opened its first store in London’s Mayfair in 2008. Since then, the store has relocated to Burlington Arcade and the company has expanded to the Middle East with retail locations in Kuwait, United Arab Emirates and Saudi Arabia. The line is also sold at Barneys New York, Harrods, Holt Renfrew, Lane Crawford and Mr Porter. For More, See:Giovanni Zoppas Appointed CEO of LVMH, Marcolin Joint VentureRue 21 Gets New CEO, Board of Directors Post-BankruptcyCarrefour Names Matthieu Malige Chief Financial Officer
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.