Men's department store Harrolds has undergone a change of hands - to just one pair.
John Poulakis is now the sole director and owner of the luxury icon, having acquired the stake belonging to his brother and business partner for 30 years Theo Poulakis.
Harrolds maintains the change in ownership will have no short term impact on its management strategy.
Harrolds has pioneered luxury menswear in the Australian market, offering brands such as Tom Ford, Balmain Paris, Alexander McQueen, Balenciaga Paris and Comme des Garcons.
The retailer has also developed a reputation for its customer service.
Harrolds offers a made-to-measure service, along with a lounge area where customers can enjoy an espresso or champagne as they browse luxury collections.
The company has a flagship store in Melbourne and Sydney.
Harrolds Melbourne is located in Collins Street, while the Sydney site is positioned in Westfield Sydney.
Both sites offer an edited selection of premium men's fashion and accessories.
HARROLDS: Luxury menswear destination.
