Ineos Sells Jacket Maker Belstaff to Andy Murray-Backed Castore
Belstaff, which is more than 100 years old, is best known for its leather and waxed jackets.
Photographer: Ik Aldama/dpa/AP PhotoIneos Group Holdings SA offloaded motorcycle jacket maker Belstaff to Castore and took a stake in the Andy Murray-backed sportswear brand as part of the deal.
The part-owner of Manchester United Football Club, which is controlled by billionaire Jim Ratcliffe, will make a “significant strategic investment” in Castore, the companies said Thursday. The terms of the deal weren’t disclosed.