Heritage fashion brand Belstaff bought by British sportswear group Castore | Ineos
Belstaff, a British fashion brand, known for her inheritance motorcycle equipment, was purchased by Sir Jim Ratcliffe’s Ineo of Sports Clothing Group Castore.
In accordance with the unnamed agreement, Ineos Castore will make an “important strategic investment” at the holding company.
In 2017, Belstaff has reported losses every year since Ratcliffe was acquired by the Empire of Oil and Chemicals, and the latest accounts have lost before the tax until December 2023.
Belstaff was founded in 1924 in Stockfordshire, Stoke-on-Trent and is known for its waxed jackets once introduced by Kate Moss and David Beckham. In 2017, Ineos was purchased from Jab Holding, a British coffee shop chain Pret A Fishing owner and previously owned by Jimmy Choo, previously luxury shoe brand.
According to this year’s Sunday Times Rich list, Ratcliffe, which has a net £ 17 billion, became one of the richest men in England after the Belgian oil refinery built a chemical empire of 84 million £ 84 million.
Tom Beahon, the founding partner and general manager of Castore, including British tennis player Andy Murray, said that Belstaff has returned to the business profit -free business profit in 2023.
“Belstaff is a really iconic brand with a unique heritage, and I personally have a great admiration for a long time,” he said. “The management team at Ineos and Belstaff has done an extraordinary job to direct the company back to the profitability for the retail sector. It is a real and great privilege to have the opportunity to take Belstaff in the next stage of its growth journey.
“We are also pleased that Sir Jim Ratcliffe’s investment in Castore, a show of commitment to our Ineo’s work and our global growth ambitions, and we look forward to working together to realize this vision.”
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“Castore has broken the sportswear market and has shown extraordinary growth and durability in recent years. After witnessing their journeys, we saw a unique opportunity to unite their forces and accelerate their transformation with shared information and resources.”
Companies, Castore’s online retail networks, expertise and supply chain to increase the growth of Belstaff’ın said, he said.
Founded in 2015 by Tom and Phil Beahon brothers at Liverpool, Castore now lives in Manchester and has grown rapidly. In 2024, UMBRO Professional Team Sports License for key markets, including England, Germany, Austria, Switzerland, Belgium, the Netherlands and Denmark.
