{"id":232454,"date":"2023-05-02T10:16:26","date_gmt":"2023-05-02T09:16:26","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=232454"},"modified":"2023-05-02T16:18:06","modified_gmt":"2023-05-02T15:18:06","slug":"castore-predicts-100-revenue-growth-in-2023","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/","title":{"rendered":"Castore predicts 100% revenue growth in 2023"},"content":{"rendered":"<p><strong>British luxury sportswear brand\u00a0<span style=\"color: #ff0000;\">Castore<\/span> has upped its\u00a0revenue forecast for 2023 by 30% and now expects sales hit \u00a3200m ($250m), representing a 100% increase year-on-year.<\/strong><!--more--><\/p>\n<p>The company is expecting increased sales driven by sports partnerships, including its recently <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/castore-adds-boxing-champion-to-extensive-sports-ambassador-list\/\">announced collaboration with boxer Joe Joyce<\/a><\/span>, as well as partnerships with <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/castore-launches-new-golf-apparel-collection-featuring-gavin-green-ahead-of-the-2023-masters\/\">Malaysian golfer Gavin Green<\/a><\/span> and three-times grand slam winner Sir Andy Murray<\/p>\n<p><strong><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/castore.com\" target=\"_blank\" rel=\"noopener\">Castore<\/a><\/span>\u00a0<\/strong><strong>attributes the increase in its\u00a0forecast to key factors including:<\/strong><\/p>\n<ul>\n<li>Kit deals for new European teams such as Feyenoord Rotterdam FC, <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/castore-signs-multi-year-deal-as-kit-supplier-to-athletic-bilbao\/\">Athletic Club Bilbao<\/a><\/span>, Football Association of Ireland, FC Twente, FC Utrecht with more being announced soon<\/li>\n<li>New localised e-commerce platforms<\/li>\n<li>Added brick-and-mortar retail, including three stores across key European cities, such as Amsterdam<\/li>\n<li>Growth of the mainline brand, securing a wider net of wholesale partners with Castore now available in more key accounts including Fanatics, Very, Frasers Group (Sports Direct\/ Flannels), JD Sports, Harrods, John Lewis and Fenwick<\/li>\n<\/ul>\n<p>Tom Beahon, Co-founder of Castore, commented: \"Castore\u2019s vision is to become the number one premium sportswear brand in the world. Right now, we\u2019re focussing our efforts on boosting consumer awareness \u2013 developing close partnerships with sports teams and performance athletes and, driving organic growth of our mainline brands both digitally and within engaging new in-store environments.<\/p>\n<div id=\"attachment_232495\" style=\"width: 830px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-232495\" class=\"size-full wp-image-232495\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2023\/05\/Tom-Beahon-Castore-co-founder.png\" alt=\"Tom Beahon, Castore\" width=\"820\" height=\"521\" srcset=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2023\/05\/Tom-Beahon-Castore-co-founder.png 820w, https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2023\/05\/Tom-Beahon-Castore-co-founder-300x191.png 300w, https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2023\/05\/Tom-Beahon-Castore-co-founder-768x488.png 768w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/><p id=\"caption-attachment-232495\" class=\"wp-caption-text\">Tom Beahon<\/p><\/div>\n<p>\"This is a really exciting time for us. We\u2019ve the backing, liquidity, confidence and more importantly, the best performance sportswear kit that makes the most of advanced engineering and unique technical fabrics, to realise our strategic goals.\"<\/p>\n<p>In January, <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/castore-increases-debt-facility-to-75m-to-aid-further-strategic-growth\/\">Castore increased the size of its debt facility from \u00a350m to \u00a375m \u201cto give additional levels of liquidity\u201d and further support the group\u2019s strategic growth ambitions<\/a><\/span>.<\/p>\n<p>The increase was participated in by all three of Castore\u2019s existing banks; HSBC, BNP Paribas and Silicon Valley Bank, and the newly increased revolving credit facility (RCF) will lengthen the maturity of Castore\u2019s committed debt facilities, enhancing its financial flexibility.<\/p>\n<p><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/bold-moves-castores-tom-beahon-on-competing-with-global-giants\/\">Read TheIndustry.fashion's interview with Tom Beahon here<\/a><\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":232467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10488,10585,6,10494],"tags":[12296,23149,12298],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Castore predicts 100% revenue growth in 2023 - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Luxury sportswear brand\u00a0Castore has today announced forecasts for revenue in 2023 to be up 30% to \u00a3200m ($250m)...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Castore predicts 100% revenue growth in 2023 - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"Luxury sportswear brand\u00a0Castore has today announced forecasts for revenue in 2023 to be up 30% to \u00a3200m ($250m)...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T09:16:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-02T15:18:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2023\/05\/castore.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chloe Burney\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe Burney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\"},\"author\":{\"name\":\"Chloe Burney\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/04c8820fce3db93175092637b1978f3b\"},\"headline\":\"Castore predicts 100% revenue growth in 2023\",\"datePublished\":\"2023-05-02T09:16:26+00:00\",\"dateModified\":\"2023-05-02T15:18:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\"},\"wordCount\":337,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Castore\",\"FY23\",\"Tom Beahon\"],\"articleSection\":{\"0\":\"Brands &amp; Designers\",\"1\":\"Finance\",\"3\":\"News &amp; Insight\",\"4\":\"Retail &amp; Etail\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\",\"url\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\",\"name\":\"Castore predicts 100% revenue growth in 2023 - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2023-05-02T09:16:26+00:00\",\"dateModified\":\"2023-05-02T15:18:06+00:00\",\"description\":\"Luxury sportswear brand\u00a0Castore has today announced forecasts for revenue in 2023 to be up 30% to \u00a3200m ($250m)...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Castore predicts 100% revenue growth in 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/04c8820fce3db93175092637b1978f3b\",\"name\":\"Chloe Burney\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/18e466bf78c8f00aefdec55c85adf64c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/18e466bf78c8f00aefdec55c85adf64c?s=96&d=mm&r=g\",\"caption\":\"Chloe Burney\"},\"description\":\"News &amp; Features Writer\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Castore predicts 100% revenue growth in 2023 - TheIndustry.fashion","description":"Luxury sportswear brand\u00a0Castore has today announced forecasts for revenue in 2023 to be up 30% to \u00a3200m ($250m)...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/","og_locale":"en_GB","og_type":"article","og_title":"Castore predicts 100% revenue growth in 2023 - TheIndustry.fashion","og_description":"Luxury sportswear brand\u00a0Castore has today announced forecasts for revenue in 2023 to be up 30% to \u00a3200m ($250m)...","og_url":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2023-05-02T09:16:26+00:00","article_modified_time":"2023-05-02T15:18:06+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2023\/05\/castore.jpg","type":"image\/jpeg"}],"author":"Chloe Burney","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"Chloe Burney","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/"},"author":{"name":"Chloe Burney","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/04c8820fce3db93175092637b1978f3b"},"headline":"Castore predicts 100% revenue growth in 2023","datePublished":"2023-05-02T09:16:26+00:00","dateModified":"2023-05-02T15:18:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/"},"wordCount":337,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["Castore","FY23","Tom Beahon"],"articleSection":{"0":"Brands &amp; Designers","1":"Finance","3":"News &amp; Insight","4":"Retail &amp; Etail"},"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/","url":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/","name":"Castore predicts 100% revenue growth in 2023 - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2023-05-02T09:16:26+00:00","dateModified":"2023-05-02T15:18:06+00:00","description":"Luxury sportswear brand\u00a0Castore has today announced forecasts for revenue in 2023 to be up 30% to \u00a3200m ($250m)...","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/castore-predicts-100-revenue-growth-in-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"Castore predicts 100% revenue growth in 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/04c8820fce3db93175092637b1978f3b","name":"Chloe Burney","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/18e466bf78c8f00aefdec55c85adf64c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/18e466bf78c8f00aefdec55c85adf64c?s=96&d=mm&r=g","caption":"Chloe Burney"},"description":"News &amp; Features Writer"}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/232454"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=232454"}],"version-history":[{"count":6,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/232454\/revisions"}],"predecessor-version":[{"id":232496,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/232454\/revisions\/232496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/232467"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=232454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=232454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=232454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}