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Andy Murray’s sportswear firm logs £8m profit, creates 140 new jobs

Andy Murray, courtesy Christoper Johnson/Creative Commons

Castore, the sportswear brand backed by Andy Murray and the billionaire Asda owners the Issa brothers has reported profits of £8m and created almost 140 jobs during its latest financial year.

The Manchester-headquartered company designs, which relocated its HQ from Liverpool last year, creating around new 300 jobs in the process, manufacturers and sells Castore and sports team branded apparel and accessories through online, physical stores and wholesale partners.

Its partners include England Cricket, McLaren F1, Newcastle United, Salford City, Silverstone, Le Mans, Harlequins and Red Bull F1.

Its latest documents filed with Companies House have revealed that its turnover surged from £17m to £48.8m in the 12 months to January 31, 2022, while pre-tax profits went from £3m to £8m.

UK sales increased from £15.2m to £42.5m and from £251,975 to £895,974 in Europe. Its sales also rose from £445,936 to £1m in North America and from £1.1m to £4.3m in the rest of the world.

A statement signed off by the board said: “The company’s plan is to increasingly focus on digital growth whilst maintaining a strong focus on partnering with world class sports teams who enhance our brand awareness and desirability.

“The strong performance this year is driven by successfully launching new partnerships as Castore continues to disrupt this market through its combination of premium brand, high quality product offering and digital expertise. These partnerships have in turn significantly enhanced Castore brand awareness and desirability.”

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