Kyle Krause knows the value of a good tailor

Kyle Krause is a hands-on leader. As the CEO of the Krause Group, an Iowa-based holding company, this means regularly visiting many of the businesses in his portfolio and dressing the part for all of them. On a recent trip to Europe, which he visits monthly, his stops included the Italian soccer club Parma Calcio 1913, the winery Vietti, and Casa di Langa, a five-star resort. Despite the luxurious destinations, Krause maintains a Midwestern pragmatism to his attire. “It’s got to be functional,”...