An IPO is reportedly being considered for the decade-old British sportswear brand, which is run by sibling founders Tom and Phil Beaton.
Named second among the 100 fastest-growing companies in Great Britain in 2023, Castore’s current value is estimated at approximately £950 million (€1.13b). During the 2024 holiday season, company sales grew by an estimated 16 percent, helped by more women buying into the brand. The group currently provides the kit for the Premier League’s Newcastle club and the brand is visible in Formula One, Moto GP and cricket.
Castore, which currently generates most of its sales online, counts tennis star Andy Murray and New Look founder Tom Singh among its investors. According to the Times of London, the company has plans in place to open 5-10 retail stores in 2025 and forge flagship partnerships in both the UK and globally. The company reportedly sees international markets as a key component of its next stage of growth.
