The Manchester-based sportswear brand backed by Sir Andy Murray is working with Rothschild to raise around $200m to fund its expansion, Sky News learns.
Sir Andy has been a shareholder in the company since 2019. Pic: Cal Sport Media via AP ImagesCastore, the British sportswear brand backed by Sir Andy Murray, is in talks with investors about a $200m fundraising as it intensifies its battle with global rivals Adidas and Nike.
It has struck kit supply deals with Premier League teams including Newcastle United and Wolverhampton Wanderers.Castore has struck kit supply deals with Premier League teams including Newcastle United Castore was reported to have been valued at £750m after its most recent debt financing, which took place last autumn.
One source speculated it was likely to seek a £1bn-plus valuation if it sold shares as part of the new capital raise.
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