Castore news and archive

Castore secures 90 million pounds in funding to invest in growth and digital capabilities

Sportswear brand Castore has secured a 90 million pound facility with banking partners as it continues to pursue global expansion and rollout a growth strategy. The company said it would use the funding to facilitate new retail openings across the UK, as well as support growth into the Middle East and Asia. In a statement, Mark Rowan, global...

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Belstaff manages to reduce net loss despite turnover drop in 2024

Luxury outerwear brand Belstaff International Limited reported its financial results for the year ended December 31, 2024, showing a decline in turnover but a substantial improvement in its balance sheet. Turnover for the year decreased by 5.2 percent to 54.6 million pounds. However, the company successfully reduced its net loss to 15.9 million...

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Castore snaps up heritage label Belstaff to drive global growth

Sportswear brand Castore has announced its intention to acquire Belstaff in a deal that intends to accelerate the joint international growth of both brands. The company said it has agreed to acquire 100 percent of Belstaff’s shares on a debt-free, cash-free basis. Financial terms of the deal were not disclosed. As part of the transaction,...

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Castore adds England Rugby to growing portfolio

Castore, the British performance sportswear brand and end-to-end digital retailing platform for global sports teams has added England Rugby to its portfolio after being named its technical kit partner. England Rugby has signed a multi-year, long-term contract with Castore for it to deliver all technical playing kit, training and travel wear...

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Castore plots US expansion with expanded logistics partnership

As it continues to plot its US expansion, sportswear brand Castore has expanded its existing partnership with GXO Logistics, which will now operate warehousing and transportation in the UK, US and Europe. GXO has already been working with Castore on the company’s UK business since 2024, distributing certain sportswear to a variety of sports...

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Castore expands partnership with GXO to support logistics globally

British sports performance brand Castore has expanded its partnership with pure-play contract logistics provider GXO Logistics to operate warehousing and transportation in the UK, US, and Europe. Castore has been working with GXO since April 2024 in the UK, distributing teamwear to a variety of sporting teams, including Oracle Red Bull Racing,...

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Castore plans store openings as December revenues grow, reportedly considering flotation

Sportswear brand Castore has reported its “strongest ever sales performance” for the Christmas trading period, with “record” revenues up 16 percent year-on-year over the month of December. The company said the increase came as a result of a “resilient” sportswear market, backed by customers continuing to prioritise their health and wellbeing....

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Fashion

Castore signs partnership with BWT Alpine Formula One team

Castore, the British performance sportswear brand and global supplier of sports apparel, has strengthened its presence in F1 and motorsport after signing a new partnership with the BWT Alpine Formula One team. As part of the deal, Castore will become the official team kit partner, supplying the teamwear and producing an official Alpine drive...

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Castore bolsters C-Suite team with new chief commercial officer

Castore, the performance sportswear brand and supplier of sports apparel, has appointed Danny Downs to lead the company’s commercial operations as it strengthens its senior executive team. Downs, who was the former international general manager at Fanatics, the provider of licensed sports merchandise and global digital sports platform, has been...

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Castore reports investment-driven loss, yet sales surge

Sportswear brand Castore has filed its financials for the year to 4 February 2024, during which time its emphasis on investments resulted in a loss, despite a significant surge in sales. Castore shifted from a profit of 11.7 million pounds in 2022/23 to a loss of 21.5 million pounds in 2023/24, a decline that largely comes as a result of...

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Castore appoints former Joe Browns CEO to commercial director

Sportswear retailer Castore has announced the appointment of Peter Alecock to the role of commercial director following a six month career break for the former executive. His latest position in the industry was that of chief executive officer for Joe Browns, where he was succeeded in February 2024 after serving in the helm position for just over...

Retail

Castore opens first store in European mainland

British sportswear brand Castore has opened its first store on mainland Europe. The brand has chosen the Dutch border town of Enschede as its location, Castore announced last week. There, the sportswear retailer, which has built up a network of 12 branches in the UK, already serves as an outfitter with the Dutch professional football team FC...