Early Life
Lawrence Sheldon Strulovitch, known as Lawrence Stroll, was born on July 11, 1959, in Montreal, Quebec, Canada. He was born to a Jewish family, and his father, Leo Strulovitch, was a fashion importer who introduced brands like Pierre Cardin and Ralph Lauren to the Canadian market. This early exposure to the fashion industry would shape Stroll's future career.
Rise to Success
Stroll followed in his father's footsteps, bringing the Ralph Lauren brand to the European market. He partnered with Hong Kong investor Silas Chou and invested in Tommy Hilfiger and Michael Kors. These investments led to substantial financial success, propelling the growth of both brands and solidifying Stroll's wealth. In 2014, he sold his stake in Tommy Hilfiger and in Michael Kors.
Key Business Strategies
Stroll's business strategies have been characterized by his ability to identify and capitalize on emerging market opportunities. His investments in fashion brands like Tommy Hilfiger and Michael Kors showcased his keen understanding of branding, marketing, and distribution. His decision to enter the motorsport world, acquiring the Force India F1 team and later investing in Aston Martin, demonstrated his strategic vision and willingness to diversify his investments.
Philanthropy
While specific figures are unavailable, Lawrence Stroll has been involved in supporting the career of his son, Lance Stroll, in Formula 1. This investment in his son's racing career can be viewed as a form of personal philanthropy.