Castore forecasts revenue growth for 2023

Castore forecasts revenue growth for 2023

Premium sportswear brand Castore has announced an increased revenue forecast for 2023, up 30 per cent to US $250M, a representative increase of 100 per cent year on year.

The performance brand is attributing increased sales forecast to a number of key factors including new kit deals for Feyenoord Rotterdam FC, Athletic Club Bilbao, Football Association of Ireland, FC Twente, FC Utrecht, with more being announced soon. It has also developed new localised eCommerce platforms and grown its physical store portfolio across key European cities including Amsterdam.

The brand also has also secured a wider net of wholesale partners including Fanatics, Very, Fraser Group (Sports Direct/ Flannels), JD, Harrods, John Lewis & Fenwicks and entered into further high-profile brand collaborations.

Tom Beahon, Castore co-founder commented: “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 have 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.”


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