Ineos Group Holdings SA has taken a stake in Andy Murray-backed sportswear brand Castore while selling motorcycle jacket maker Belstaff as part of the deal.

The part-owner of Manchester United Football Club, controlled by billionaire Jim Ratcliffe, said Thursday it will make a "significant strategic investment" in Castore. The financial terms were not disclosed.

Belstaff, founded over 100 years ago, is best known for its high-end leather and waxed jackets, which can sell for more than £1,000 ($1,350). Ineos acquired the label in 2017 from JAB Holding Co., the investment group behind brands such as Krispy Kreme and Pret A Manger, but struggled to return it to profitability.

Ratcliffe built his fortune by creating the chemicals giant Ineos. But his efforts to replicate that model across

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