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UK’s Castore acquires Belstaff, Ineos invests in growth push

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UK’s Castore acquires Belstaff, Ineos invests in growth push



Castore, the manufacturer of premium sports apparel, has today announced that it has agreed to acquire 100% of the shares of Belstaff, the British premium heritage brand, on a debt-free, cash-free basis. The deal, the financial terms of which are undisclosed, will see INEOS, parent company of Belstaff, make a significant strategic investment in Castore at a holding company level.

Castore and Belstaff will join forces to drive future growth across premium categories, capitalising on Castore’s direct-to-consumer and online retail networks and expertise, supply chain, growing global retail footprint and Castore’s roster of professional sports team partnerships.

Ashley Reed Chairman of Belstaff, said: “This is a union of two British brands who have come together through shared qualities of purpose-led design and entrepreneurial spirit. Castore is disrupting the sportswear market and has demonstrated phenomenal growth and resilience in recent years. Having witnessed their journey, we saw a unique opportunity to join forces and accelerate Belstaff’s transformation through shared knowledge and resources.”

Castore has acquired 100 per cent of British brand Belstaff from Ineos on a debt-free, cash-free basis.
As part of the deal, INEOS will make a strategic investment in Castore.
The partnership aims to accelerate growth by combining Castore’s digital retail, supply chain and sports partnerships with Belstaff’s heritage positioning, while strengthening both brands’ presence in premium categories.

Tom Beahon, Co-Founder and CEO of Castore, said: “Belstaff is a truly iconic brand with unparalleled heritage, and I have personally been a huge fan for a very long time. INEOS and the management team at Belstaff have done a phenomenal job in steering the company back to profitability following a challenging period for the retail sector. To have the opportunity to take Belstaff through the next stage of its growth journey is a dream come true and a huge privilege. We are also delighted that Sir Jim Ratcliffe’s INEOS is investing in Castore which is a demonstration of commitment to our business and global growth ambitions and we look forward to working together to deliver on this vision.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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Maison&Objet: for the September edition, renewal is embodied by Amélie Pichard

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Maison&Objet: for the September edition, renewal is embodied by Amélie Pichard


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September 1, 2025

From September 4 to 8, Paris Nord Villepinte hosts another edition of Maison&Objet, the must-attend event for decoration, design, and lifestyle professionals. With over 2,500 exhibitors, including 40% international brands and 25% new participants, the show confirms its status as the global crossroads of creativity and innovation. Nearly 50,000 visitors are expected.

Image of the Welcome Home space designed by Amélie Pichard – DR

Organized twice a year, in January and September, Maison&Objet now distinguishes its events: winter focuses on premium hospitality, collection design, and home fashions, while the more forward-looking September edition honors innovation, emerging practices, and young talent. This autumn session promises to be a laboratory of ideas, in a particular context: Mélanie Leroy, managing director of SAFI (the show’s organizing company), announced in early July that she was stepping down after two years at the helm of the event. Despite this change in governance, the current edition of the show intends to mark a strategic turning point, with a completely redesigned scenography organized around six major sectors, for a more intuitive reading of the offering.

For this edition of renewal, artistic direction has been entrusted to Amélie Pichard, a singular designer, known for having founded the shoe and leather goods brand of the same name. After closing her Paris boutique and her e-commerce site, which she chose to open on an ad hoc basis for one-off launches, she moved to the countryside, where she founded Synthétique, a creative studio combining consulting, coaching, and art direction.

At Maison&Objet, she created Welcome Home, a manifesto installation covering 150 square meters, conceived as an immersive home where crafts and artificial intelligence meet. This space replaces the traditional “trend spaces” and offers a poetic, open-plan scenography: decorative objects, fashion, cosmetics, and art of living cohabit, reflecting a transversal vision of design. “In a home, you find everything: decoration, fashion, beauty products,” she explains, asserting her sensitive, narrative approach to design.

The show’s offering is now organized around six major thematic sectors. Decor & Design (Hall 6) is the central pillar. It brings together a multi-faceted range of home furnishings, including antiques, reinvented crafts, and inspired textiles.

Also in Hall 6, Fashion & Accessories explores the links between fashion, lifestyle, and design, with a selection of 235 brands, including Bensimon, Cala, Méduse, and Rive Droite Paris. Fragrance & Wellness (Hall 7) focuses on holistic well-being, with over 140 exhibitors, including Kerzon and Savonnerie Fer à Cheval, showcasing home fragrances, natural skincare products, and sensory rituals. Cook & Share (Hall 4), new for the September edition, celebrates gastronomy as a global art form, where culinary innovation and design meet. Gift & Play (Hall 6) completes this cartography with playful, sensory, and technological gift objects.

By focusing creative energies on a decompartmentalized reading of design, Maison&Objet September 2025 demonstrates a clear determination to assert its place as an avant-garde, trend-setting platform, even at a time of strategic transition.

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Hong Kong’s New World confirms loan facility talks with Deutsche Bank

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Hong Kong’s New World confirms loan facility talks with Deutsche Bank


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September 1, 2025

Hong Kong property developer New World Development confirmed on Monday it is in discussions about a loan facility led by Deutsche Bank AG, but denied receiving any other funding proposals.

Reuters

However, the firm did not reveal any other financial details about the loan facility being discussed with Deutsche, Germany’s largest lender.

Bloomberg News reported earlier, citing unnamed sources, that Hong Kong tycoon Henry Cheng’s family, also the firm’s controlling shareholder, was weighing a HK$10-billion ($1.28-billion) capital injection through a joint venture.

The report said the family was seeking a partner to provide a roughly similar amount for an equity stake, with Blackstone and CapitaLand among those in talks.

New World, which carries one of the highest debt ratios among its peers, secured an $11.2-billion loan refinancing package in late June, one of the largest yet in Hong Kong, designed to bring the company back from the brink of default.

Shares and bonds of the property developer had surged on August 7 after a media report on a potential take-private deal.

© Thomson Reuters 2025 All rights reserved.



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Salomon appoints Bertrand Gachon to lead EMEA operations

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Salomon appoints Bertrand Gachon to lead EMEA operations


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Nazia BIBI KEENOO

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September 1, 2025

Salomon is continuing to strengthen its leadership team as part of its ongoing global expansion. The French performance and lifestyle brand, part of the Amer Sports Group, has named Bertrand Gachon as General Manager for the Europe, Middle East, and Africa (EMEA) region.

Bertrand Gachon, Salomon’s new EMEA General Manager – Salomon

Gachon joined Salomon last year to lead the brand’s Sportstyle category in EMEA and will now oversee the brand’s broader operations across the region. While still relatively new to Salomon, he brings over two decades of industry experience across sports and fashion.

He previously spent 25 years with Nike Inc., beginning at Nike and eventually becoming Action Sports Category Director for France. In 2011, he moved to Converse, where he served as General Manager for France. In 2017, he was promoted to Sales Director for Western Europe, a position he held until joining Salomon.

Salomon’s leadership update comes as the brand continues to grow its global retail footprint, with new store openings in key international cities including Shanghai, Tokyo, Melbourne, and Chicago.

In August, Amer Sports raised its full-year earnings forecast after reporting a 23% year-over-year sales increase in the second quarter, reaching $1.236 billion. The company also used the announcement to confirm the departure of Joe Dudy, former General Manager of Wilson. Andrew Page has taken over the role on an interim basis as of September 1.

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