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German Entrepreneur Bets on a Favorite Meghan Markle Fashion Brand

3 monthes ago   |   By Fortune

Lars Windhorst already owns one unprofitable luxury fashion brand. Now he's getting involved in another.
The German entrepreneur's Tennor Holding has taken 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 company statement released Wednesday. Officials for Tennor and Ralph & Russo declined to elaborate on the initial investment.
The label, a Meghan Markle favorite , lost 2.5 million pounds on 14.3 million pounds of sales in 2017, according to public filings. Tennor bought Italian lingerie chain La Perla...
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