British sportswear brand Castore has raised £3.2 million from some high-profile private investors, including former Saatchi & Saatchi boss Robert Senior and Arnaud Massenet, former husband of Net-A-Porter founder Natalie Massanet, to expand to US and Asian markets. Several entrepreneurs invested a total of £2.5 million through a new firm Redrice Ventures.Individual investors, including New Look founder Tom Singh, also supported the fundraising separately.
Brothers and former professional athletes Tom and Phil Beahon founded the premium sportswear firm in 2016. The Chester-based company, which foresees sales will rise to £2.7m this year, up from £750,000 in 2017, plans to set up a dedicated Asia website and could open its first store in Hong Kong, according to British media reports. (DS)
British sportswear brand Castore has raised £3.2 million from some high-profile private investors, including former Saatchi & Saatchi boss Robert Senior and Arnaud Massenet, former husband of Net-A-Porter founder Natalie Massanet, to expand to US and Asian markets. Several entrepreneurs invested a total of £2.5 million through a new firm Redrice Ventures.#
Fibre2Fashion News Desk – India
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