Title: Castore Expands Reach with Acquisition of Infinity Inc
Castore, the rising star in the sportswear industry, has taken a significant stride towards solidifying its position as a dominant player with the acquisition of Infinity Inc, a renowned supplier of branded merchandise and clothing. This move marks Castore’s first major deal since nearing the impressive valuation of £1 billion, backed by prominent figures like tennis legend Andy Murray and the billionaire co-owners of Asda.
Founded in Liverpool by brothers Thomas and Phil Beahon, Castore has swiftly emerged as a frontrunner in the competitive sportswear market. With a focus on quality and innovation, the company has attracted substantial investments from industry heavyweights such as the Issa brothers, New Look founder Tom Singh, and Eric Fellner, co-chairman of Working Title Films.
The acquisition of Infinity Inc signifies Castore’s commitment to enhancing its supply chain and accelerating its speed to market, both domestically and internationally. Darren Cohen, CEO of Infinity Inc, expressed enthusiasm about the partnership, highlighting the company’s 25 years of experience in delivering top-notch branding solutions and world-class service.
Phil Beahon, co-founder of Castore, emphasized the strategic value of integrating Infinity into their operations while maintaining a dedication to serving existing clients. This sentiment underscores Castore’s customer-centric approach and its relentless pursuit of excellence in every facet of its business.
The deal comes on the heels of Castore’s impressive financial performance, with pre-tax profits soaring from £8 million to £14.6 million, and turnover surging from £48.8 million to £115 million in the year leading up to January 31, 2023. Such robust growth underscores the company’s trajectory towards becoming the premier British sportswear brand.
With backing from key investors like the Raine Group, Hanco Ventures, and Felix Capital, Castore is poised for continued expansion and innovation in the dynamic sportswear market. As it gears up to unveil its financial results for the fiscal year ending January 31, 2024, Castore is well-positioned to build upon its success and carve out a formidable presence in the global sports apparel landscape.
In summary, Castore’s acquisition of Infinity Inc represents a strategic milestone in its journey towards achieving industry leadership, driven by a relentless commitment to quality, innovation, and customer satisfaction.