Castore takes controlling interest in Grenson, bolstering its acquisition pipeline after doubling pre-tax profits to £30.8m on £334m sales, following last year’s Belstaff purchase. This aggressive expansion by a decade-old rival intensifies premium sportswear competition and coincides with a tech-led stock rally and heightened retail interest in Nike shares.
Castore has taken a controlling interest in Grenson, the 160-year-old Northamptonshire bootmaker, marking its second major UK acquisition after Belstaff. The takeover secures a heritage leather footwear line and expands Castore’s access to premium craftsmanship.
In the year to May, Castore reported £334m in sales and a pre-tax profit jump from £12.3m to £30.8m. The company has signaled plans to pursue selective takeovers as part of its next growth phase.
Castore’s rapid expansion and strengthened premium offering intensify rivalry in upscale sportswear. Combined with a broader tech-driven market rally and surging retail interest in Nike, this development could influence Nike’s market share and pricing strategies.
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