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Castore ups revenue forecast

Castore has upped its revenue forecast for 2023 following the signing of new kit deals with European football clubs and collaborations with high profile sports people. The… View Article

FASHION RETAIL NEWS UK

Castore ups revenue forecast

Castore has upped its revenue forecast for 2023 following the signing of new kit deals with European football clubs and collaborations with high profile sports people.

The premium sportswear brand is now forecasting a 30% rise to $250 million, a representative increase of 100% year-on-year.

Castore has secured kit deals for new teams in Europe such as Feyenoord Rotterdam FC, Athletic Club Bilbao, Football Association of Ireland, FC Twente, FC Utrecht.

It has also introduced new localised ecommerce platforms, grown its physical retail portfolio, and secured a wider net of wholesale partners.

Castore has recently embarked on brand collaborations with boxer Joe Joyce and Malaysian professional golfer Gavin Green. It has also announced extended partnerships with tennis player Andy Murray.

Tom Beahon, Castore co-founder, said: “Castore’s vision is to become the number one premium sportswear brand in the world.  Right now, we’re focussing our efforts on boosting consumer awareness – 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.

“This is a really exciting time for us.  We’ve 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.”

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