Castore Acquires British Heritage Brand Belstaff for International Growth

British premium sportswear brand Castore has acquired 100% of heritage fashion label Belstaff from INEOS, the parent company owned by billionaire Jim Ratcliffe, in a cash-free, debt-free deal. As part of the transaction, INEOS has made a significant strategic investment in Castore at the holding company level, signaling strong support for Castore's global growth ambitions. The acquisition combines Castore’s expertise in direct-to-consumer sales, online retail, and professional sports partnerships with Belstaff’s iconic heritage and design pedigree, creating a broader portfolio to accelerate international expansion. Both brands will maintain their operations and market presence while leveraging shared resources and knowledge to foster growth. Castore, backed by tennis star Andy Murray as an early investor, has rapidly scaled through partnerships with leading sports teams and multiple retail outlets. The deal marks Castore’s expansion into luxury menswear beyond its traditional athletic clothing focus, highlighting a strategic move to diversify its product offerings.