Castore forecasts 100% revenue growth to $250m in 2023
It also hailed growth of its physical retail portfolio with Castore adding a minimum of three stores across key European cities including Amsterdam
British sportswear brand, Castore, has revealed it expects 2023 revenues to jump 30% to $250m (£200m), and a representative increase of 100% year on year.
It said the performance is attributed to a number of key factors including new kit deals for new teams in Europe such as, Feyenoord Rotterdam FC, Athletic Club Bilbao, Football Association of Ireland, FC Twente and FC Utrecht.
It also hailed growth of its physical retail portfolio with Castore adding a minimum of three stores across key European cities including Amsterdam.
In addition it said its mainline brand, securing wider net of wholesale partners with Castore now available in more key accounts including Fanatics, Very, Fraser Group (Sports Direct/ Flannels), JD, Harrods, John Lewis and Fenwicks
Tom Beahon, Castore co-founder, said: “Castore’s vision is to become the number one premium sportswear brand in the world. Right now, we’re focussing our efforts on boosting consumer awareness – developing close partnerships with sports teams and performance athletes and, driving organic growth of our mainline brands both digitally and within engaging new in-store environments.
“This is a really exciting time for us. We’ve the backing, liquidity, confidence and more importantly, the best performance sportswear kit that makes the most of advanced engineering and unique technical fabrics, to realise our strategic goals.”