Boston --Palladin Consumer Retail Partners announced a majority investment in Harrys of London, a London-based luxury shoemaker and accessories house known for combining traditional craftsmanship with the latest footwear technology.
The Palladin investment will provide Harrys with capital to expand its operating team, open additional retail stores and invest in new initiatives to fund growth including marketing, merchandising, product development, and e/m-commerce.
Jennifer Moores, one of the founding shareholders of Harrys is participating in the investment. Other founding shareholders and the existing senior management team led by Marty Wikstrom, chairman, and Kevin Martel, creative director, will remain significant shareholders in the company.
Caryn Lerner, operating partner of Palladin commented, “The Harrys’ team members have built a company known for innovation, technology, design and quality. We intend to build on the company’s product resources as we work more closely with our retail partners and enhance the customer experience in every distribution channel--retail, wholesale, and e/m-commerce.”
Palladin Consumer Retail Partners, previously known as Palladin Capital Group, is a private equity firm with extensive experience investing in and building leading retail and consumer brands.