Luxury men’s sports brand Castore is to relocate its head office from Liverpool to Manchester and create 300 additional jobs.
The brand, founded in 2015 by brothers Philip and Tom Beahon and backed by tennis star Andy Murray, has signed a 13-year lease with landlord Kinrise to become the lead tenant at One Central Street in Manchester city centre. It will occupy all available workspace – circa 22,100 sq ft – within the building, situated across five floors.
All staff in Liverpool will relocate to the new premises while the 300 additional roles are expected to be created in the coming two years. Castore is on course for sales of £100m this year and sells its products in 50 countries; it has physical retail stores in Liverpool ONE and King’s Road, London.
“We are delighted to be moving to Manchester and opening Castore House as our global HQ in the city,” said Phil Beahon.
“It is clear for everyone to see that Manchester is a city with an incredible buzz about it and the number of fast growing, high tech businesses in the city were a real draw for us when choosing our long-term home for Castore,” he added.
Manchester City Council chief executive, Joanne Roney, added: “I am delighted to welcome Castore to Manchester.
“The business has seen impressive growth since their founding and this significant investment will create 300 jobs, another endorsement of the city’s strengths in areas such as digital and e-commerce.
“We very much look forward to working with them, to both assist with their HQ relocation to the city and to match the talent in this city to the opportunities they bring.”