German Entrepreneur Bets on Meghan Markle's Go-To Fashion Brand
- Windhorst’s Tennor took minority stake in Ralph & Russo
- Tennor bought La Perla in 2018, German soccer club last month
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Lars Windhorst already owns one unprofitable luxury fashion brand. Now he’s getting involved in another.
The German entrepreneur’s Tennor Holding took a minority stake in U.K. fashion house Ralph & Russo, with an option to increase its holding up to 40% worth $50 million, according to a statement on Wednesday. Officials for Tennor and Ralph & Russo declined to elaborate on the initial investment.