Issa brothers now Castore’s biggest external investors

Issa brothers now Castore's biggest external investors
Castore was founded five years ago and operates from two stores.
// Issa brothers become biggest external investors in sportswear retailer Castore
// Castore aims to reach £100m in sales this year
// The Issa brothers recently acquired Asda from Walmart

Billionaire brothers Mohsin and Zuber Issa have become the biggest external investors in fast-growing sportswear brand and retailer Castore.

According to The Times, the brothers, who recently acquired Asda from US giant Walmart, have reportedly invested in Castore a few months ago via their Jersey-based investment firm Monte Group.

Brothers Tom and Phil Beahon own a controlling majority in Castore, which was founded five years ago and operates from two bricks-and-mortar stores plus an ecommerce presence in 57 countries.


“Since the brothers have invested they really pushed us to grow the business and have helped enormously to accelerate our strategy,” Tom Beahon said.

Just weeks before the Covid-19 pandemic brought the UK to a halt via the first nationwide lockdown in March last year, Castore raised £7.5 million from undisclosed private investors to help expand its range into professional team sports kit and footwear as well as accelerate international growth.

In 2019 it announced a partnership with tennis champion Andy Murray, which saw him become a shareholder as well as wear Castore kit on court at Wimbledon and the Australian Open.

Castore aims to reach £100 million in sales this year and there is speculation it might enter the stock market.

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