Castore, the British sportswear company founded in 2015 by brothers Tom and Phil Beahon, announced on August 28 that it has acquired Belstaff , the heritage outerwear label. The deal, completed on a debt-free, cash-free basis, remains undisclosed in financial terms — but includes a strategic twist: Ineos, Belstaff’s former owner, is now a shareholder in Castore’s parent company.

Both companies declined to provide further details on the implications of the transaction when contacted by FashionNetwork.com.

The dual move highlights two dynamics: Belstaff’s repositioning within the fashion landscape and Castore’s international growth ambitions. Founded in 1924 in Stoke-on-Trent, Belstaff is renowned for its iconic waxed jackets and premium leather outerwear. The brand has changed hands sev

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