Castore sparks sale speculation amid 10 year anniversary celebrations

British sportswear manufacturer Castore has found itself at the centre of sale speculation after reportedly receiving a series of unprompted takeover approaches from competitors.

According to Sky News, Castore has now appointed JPMorgan to review the bids, with a formal sale process yet to be launched. It was suggested that a deal could take shape as both a majority or minority sale, a partnership or no agreement at all.

Sources for the media outlet said Castore’s board had opted to examine the strategic options due to an influx of interest in the business. The interested parties have not been made public.

The sale interest comes as Castore celebrates the 10-year anniversary since its founding by brothers Phil and Tom Beahon.

Since then, the company has onboarded a slew of investors, including professional tennis player Andy Murray, who has been a shareholder since 2019; New Look founder Tom Singh; and Jim Ratcliffe’s Ineos Group, which stepped in after Castore acquired Belstaff last year.

In early 2026, Castore also secured 90 million pounds in new debt funding to help back continued growth. At the time, Tom Beahon said he had confidence in “Castore’s ability to continue to win in the professional sports market to drive our mainline brand growth internationally”.

The funding is being channeled towards an accelerated retail rollout and expansion into new international markets, specifically in the Middle East and Asia.

While Castore has continued to record losses, elsewhere, its financial performance shows promise. For the year ended August 3, 2025, the brand’s parent company, J.Carter Sporting Club, saw revenue increase 30 percent to 334.6 million pounds, with EBITDA more than doubling to 30.7 million pounds.