Castore news and archive

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...

People

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...

Fashion

Castore to market Umbro in the UK and parts of Europe

British sportswear brand Castore has signed an exclusive deal with Umbro licensee GL Dameck for the Umbro Professional Team Sports sub-license, allowing Castore to market the Umbro brand in the UK, Germany, Austria, Switzerland, Belgium, Netherlands and Denmark. In a statement, Castore said the deal will continue its strategy to build its...

RetailPress Release

British Precision Sportswear Brand Castore to Open the First of Its Kind Flagship Store in Dublin

British precision sportswear brand, Castore is set to grow a portfolio of bespoke, upscale flagship stores with the first of its kind to debut on Grafton Street, Dublin today. The store opening today, Friday 2nd February, marks a significant occasion for the sportswear brand as they build plans to reach their highest potential in 2024 and...

Business

Castore appoints new investment director

Sportswear brand Castore has appointed Stuart Puddy as its newest investment director. Puddy confirmed the new position in a post on LinkedIn, where he said he was looking forward to working with the team “on the next stage of growth”. He joins the company from JD Sports, where he spent nearly eight years overseeing mergers and acquisitions,...

Business

Castore secures 145 million pound growth investment

Sportswear brand Castore has announced the closing of a 145 million pound investment funding round as it looks to move into its next stage of growth. Led by growth equity fund Raine Partners, with participation from Hanaco Ventures and Felix Capital, the funding aims to support Castore on its continued mission to “disrupt the premium sportswear...

Retail

Castore initiates store openings in UK, Ireland and the Middle East

British sportswear brand Castore is preparing to welcome a slew of new store openings as it continues on its expansion plans in a bid to bolster the company’s rapid growth. Most recently, the brand has unveiled plans to open new stores in Grafton Street, Ireland, and in UK shopping centre Bluewater, each of which will showcase men’s and women’s...

BusinessFeatured

Castore and Passenger among fastest growing private companies in 2023

Sportswear brand Castore and outerwear company Passenger Clothing have been listed in the top 10 of The Sunday Times’ round up for the UK’s fastest-growing private companies in 2023. Manchester-based Castore came in second place, placing marginally behind recruitment specialist Join Talent. The label, which works with a slew of sports firms on...

BusinessFeatured

Castore expects to double revenue in 2023

British sportswear brand Castore expects to report a 100 percent increase in revenue in 2023 as it continues its rapid growth. The Manchester-based company, which is backed by Wimbledon winner Andy Murray, said the forecasted growth will be driven by a number of factors, including new localised e-commerce platforms and the expansion of its...

Business

Castore reportedly preparing for 200 million dollar fundraising

Sportswear brand Castore is said to be working towards a 200 million dollar fundraising as it looks to take on global competitors. The Manchester-based company is reportedly in talks with investors and is working with Rothschild, which it had appointed to advise on the process. According to Sky News, the capital injection will aid Castore in its...

Business

Castore increases debt facility by 25 million pounds

British sportswear brand Castore has announced that it has increased the size of its debt facility by 25 million pounds. The move takes its financial assistance from 50 million to 75 million pounds, with participation from all three of Castore’s existing lenders, HSBC, BNP Paribas and Simon Valley Bank. In a release, the company said the...