Connect with us

Fashion

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

Published

on

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)



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

Zen Diamond announces partnership with Natural Diamond Council

Published

on

Zen Diamond announces partnership with Natural Diamond Council


Published



October 17, 2025

Diamond jewellery brand Zen Diamond has announced its partnership with the Natural Diamond Council with the aim of promoting both natural diamonds and responsible sourcing to boost consumer trust.

Zen Diamond specialises in natural diamond jewellery – Zen Diamond Philippines – Facebook

“At Zen Diamond, we’ve always believed that every diamond carries not just timeless beauty but also a responsibility- to our artisans, to communities, and to customers seeking trust,” said Zen Diamond India’s managing director Neil Sonawala in a press release. “This NDC partnership is more than a badge; it is a commitment to transparency, integrity, and sustainability. We are honoured to join the ranks of globally verified natural diamond brands, and this milestone will further guide our future innovations and client relationships.”
 
The partnership also highlights Zen Diamond’s commitment to authenticity and sustainability, according to the business, which counts over 450 stores globally. By offering its customers an independent assurance of authenticity, the business aims to bolster confidence and promote responsible luxury in the diamond industry.

“At Natural Diamond Council, our focus is on promoting facts, sustainable practices, transparency and authenticity of natural diamonds, while staying attuned to modern consumer preferences,” said the Natural Diamond Council’s managing director for India and the Middle East Richa Singh. “These shared values form the foundation of our partnership with Zen Diamond, whose responsible sourcing, ethical approach and international design sensibility resonate strongly with young, style-conscious audiences.”

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

The Textile Institute marks 100 years with a global expansion drive

Published

on

The Textile Institute marks 100 years with a global expansion drive



Fresh from its highly successful 63rd conference held in Porto, Portugal, from October 7-10, The Textile Institute (TI) will celebrate a major milestone at the ITMA Asia + CITME textile machinery exhibition in Singapore later this month.

One hundred years ago, in 1925, TI was granted its Royal Charter by King George V, transforming it from a professional association into a globally recognised chartered body, and in Singapore from October 28-31, is seeking to strengthen its international partnerships while welcoming new Corporate Members to its expanding global network.

The Textile Institute (TI) is celebrating its centenary with a global expansion drive at ITMA Asia + CITME 2025 in Singapore from October 28–31.
Exhibiting with BTMA, TI aims to boost corporate membership and international partnerships.
With sections in over 60 countries, TI continues advancing professional training, research and collaboration across sectors like technical textiles and mobility.

Shared growth

At Stand B105 in Hall 8, TI will exhibit as a reciprocal member of the British Textile Machinery Association (BTMA), showcasing the power of collaboration and shared growth. The long-standing partnership between the two organisations has been further strengthened by the appointment of BTMA CEO Jason Kent as TI’s new Commercial Vice President, bringing fresh industry insight and influence to the role.

“Our joint presence in Singapore underlines how enduring partnerships strengthen the entire industry,” Kent says. “Corporate Membership of The Textile Institute gives organisations access to an international network of professionals, cutting-edge research and strategic benefits valued at over £10,000 a year.”

Advantages

Membership unlocks a host of advantages, including global promotion and visibility, invitations to high-level networking events and training, collaboration on industry-led research, professional recognition through chartered qualifications and access to TI’s publications, data and R&D resources.

“As the only global professional body in this sector with a Royal Charter, we are driving the industry forward through high-quality events and training courses that equip professionals for the future,” says TI CEO Stephanie Dick. “Together with our Corporate Members, we’re tackling skills gaps, developing practical training solutions and reaching international audiences.”

New industries

“This is an exciting time for the industry, especially with the major opportunities being opened up in new technical textiles for rising industries such as energy and data storage, future mobility and advanced infrastructure,” adds TI President Charles Wood. “Whether you’re a multinational manufacturer or a fast-growing SME, TI offers a neutral, not-for-profit platform where your voice is heard and your ambitions are supported. As we expand our influence across Asia and beyond, we’re inviting new Corporate Members to join us, benefit from our resources and help shape the Institute with their expertise.”

The Textile Institute is ideally positioned to help organisations stay competitive, connected and compliant. From its first foundation in Manchester in 1910, its approach has always been to be “not of Manchester, but international”, and with sections and special interest groups active across the globe, it now serves members in over 60 countries, empowering professionals across every link in the textile supply chain.

“We are looking forward to exploring new possibilities with as many forward-looking companies as possible at this year’s ITMA Asia + CITME,” concludes Jason Kent.

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 (KD)



Source link

Continue Reading

Fashion

Australia’s apparel imports dip 2% as textile imports edge higher

Published

on

Australia’s apparel imports dip 2% as textile imports edge higher



There was also a month-on-month (MoM) ease in apparel imports in August ****, down by * per cent to Au$*.*** billion compared to Au$*.*** billion in August ****. Analysts suggest that cooler consumer sentiment and a shift towards value-driven fashion purchases have led to softer import demand.

Conversely, imports of textile yarn, fabrics, and made-up articles (classified under code **) rose by *.** per cent to Au$*** million (~$***.** million) during July–August ****, compared to Au$*** million in the same period of fiscal ******. The uptick indicates steady activity in Australia’s textile manufacturing and furnishing sectors. Fibre imports (classified under code **) inched up to Au$** million, from Au$** million during the same period.



Source link

Continue Reading

Trending