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With the London Stock Exchange (LSE) taking a series of hits during the last year amid criticism, it is still too difficult to navigate the regulations and that the valuations are not as high as they should be for some companies, it will be music for the Ears of the city to listen to a British brand are considering a possible future opi on these coasts.
A success also until now.
The sportswear firm Castore was founded in 2015 and since then, the ascent has been fast. Founded in Liverpool and based in Manchester, the brand signed an agreement with the Andy Murray Tennis icon in 2019, was appointed second in the Sunday Times'100 fastest growing companies in Great Britain in 2023 and now, after a “record” of December, are valued in a business of around 950 million.
There is a clear vision and a final objective that the founding brothers Tom and Phil Beahon have: “For Castore, ultimately, being the British Nike or the British Adidas, that was the founding vision.”
While that could be well in terms of global recognition and income, Castore continues to expand and the Times Comments of the brothers who confirm the next “flagship associations in the United Kingdom and internationally” next year, which are “key to the next stage of Castore's growth.”
An OPI in London could be on the long -term agenda at that time, but it is not imminent.
IPO companies, or float in the stock exchanges, usually when they want to raise funds to invest in new growth phases, while it also allows the first investors to raise a performance selling their shares in the company. Of course, with a new investment comes new shareholders, which can mean different ambitions or strategies for public companies compared to the way in which their founders directed them as private organizations.
Only 18 companies made listings in the LSE in 2024, while 88 companies excluded or transferred their main list abroad.
“It confine my time and energy a lot in the construction of the best brand and business that I can because if we do, I hope there are some exciting options for a capital event: an opi is one of those options,” Tom Beahon said. “As a proud British businessman, I would love to be able to pass the business in London, but there is nothing in the immediate cards on that forehead.”
In Castore's long -term ambitions, challenge the two most important names of the game, Nike and Adidas, the middle agreements with highly visible brands, as sports teams and individuals, have been a great approach.
The brothers previously acknowledged that their agreement with Andy Murray was “transformer”, pointing Tom last year: “He is a world -like athlete worldwide and respected worldwide that he really gave us a level of credibility when he associated with us, credibility that cannot acquire in any other way. ” Murray is a shareholder and used whip teams while playing.
Castle also provides a kit for the Premier League Newcastle and Aston Villa teams, with Everton joining the list next season. Abroad, the tastes of Feyenoord and Bayer Leverkusen are among their clients list, while they can also be found in formula one, MotoGP and Cricket.
Of course, not everything has been a simple navigation, with Aston Villa recently canceling the Kit agreement to return to Adidas after complaints about quality and performance.
Even so, that ability to attract great brands represents not only clubs and teams, but also consumers who are willing to look beyond the usual names, says Beahon now.
“The most nascent challenging brands have entered the market. Castle is in that cohort, Gymshark is in that cohort and customers are willing to try new brands that are not the Nike Swoosh or Adidas Trestripas. In the long term, my ambition is for Castore, ultimately, being the British Nike or the British Adidas, that was the founding vision, ”he said.
Although most sales are still online, they are expected to open five to ten physical stores this year, report the TimesAs the company continues its growth.
