Castore secures £90 million funding to drive UK expansion
Castore, the Manchester-based sportswear brand, has secured £90 million to fund its UK expansion, with plans to also grow Middle Eastern and Asian markets.
Tom Beahon, co-founder of Castore, commented that the funding would allow the brand to accelerate its retail rollout, while also growing the brand in the UK as well as overseas. Castore currently operates 17 stores in the UK, four in Scotland, three in Ireland, and one in Rotterdam in the Netherlands.
The funding facility came from the banks HSBC UK, BNP Paribas and Lloyds, with Mark Rowan, global relationship director at HSBC UK, noting the brand's "impressive growth" and "strong presence" both in the UK and international markets.
Beahon added: "For Castore, the growth within the global sports market remains highly attractive and whilst competitive dynamics can fluctuate, our agile and digital first model is proven to deliver consistent revenue growth for sports teams across multiple categories and geographies.
"We are highly confident in Castore’s ability to continue to win in the professional sports market, which provides an exceptional engine to drive our mainline brand growth internationally."
"The combination of a long term founder-led strategy, prioritising innovation and brand building and commitment to leveraging technology to consistently drive efficiencies positions the group for long term success."
The funding will also support Castore's target of more than £300 million in sales over the next financial year.
Last week Castore's parent company J.Carter Sporting Club reported a 30% increase in revenue to £334.6 million in the 18 months to 3 August 2025, although losses after taxation and exceptional items widened to £40.3 million.
The announcement follows the acquisition of heritage fashion brand Belstaff last year, in a deal that it is now revealed was valued at approximately £102 million.
Belstaff's CEO, Kerry Byrne, announced her departure from the brand only yesterday, after one year in the position.
