Meet the best friends behind fast-growing Castore rival Montirex May 2, 2025 Montirex, a sportswear brand founded by two best friends, has predicted another huge jump in its sales and profit this year as it seeks to take on rival Castore. The Liverpool-headquartered business has revealed it is eyeing a turnover of around £130m for 2025, up from the £76.7m it achieved last year and £33.4m in [...]
Gymshark puts 300 jobs at risk despite record sales April 30, 2025 Gymshark has put almost 300 jobs at risk despite reporting record sales for its latest financial year this week. The Solihull-headquartered company, which was co-founded by self-made billionaire Ben Francis, has entered into a consultation with 296 employees, almost a third of the total workforce. The news, first reported by Drapers, came on the same [...]
Cotswold Outdoor racks up a decade of losses April 29, 2025 The firm behind Cotswold Outdoor has failed to make a pre-tax profit for a decade but the retailer did significantly cut its losses in 2024, it has been confirmed. The Wiltshire-headquartered retailer has posted a pre-tax loss of £380,000 for its latest financial year, down from the £7.3m it reported for 2023. The last time [...]
Gymshark: Record sales as brand continues global expansion April 29, 2025 Gymshark, the activewear brand co-founded by self-made billionaire Ben Francis, has seen its revenue pass £600m for the first time. The Solihull-headquartered business has posted sales of £607.3m for the year to 31 July, 2024, new accounts filed with Companies House have revealed. The latest total comes after Gymshark reported a revenue of £556.2m in [...]
The UK isn’t celebrating risk takers and wealth creators – Castore boss April 29, 2025 The UK is at risk of “taking too many steps down a road of not wanting to celebrate risk takers and wealth creators”, according to the co-CEO of sports apparel brand, Castore. Tom Beahon, who shares the top job with his brother Phil, added “there’s not a lot of incentive for anyone to take risks [...]
Krissy Cela’s Oner Active rakes in millions as sales double April 28, 2025 Oner Active, the fitness wear brand co-founded by influencer Krissy Cela, almost doubled its sales as profit surged in 2024. The London-headquartered business, which was set up alongside Thomas Mark and Austrian investors David and Lukas Kurzmann, has reported a gross revenue of £80.8m for the year, up from the £46m it achieved in 2023. [...]
Sales pass £600m at The White Company and Charles Tyrwhitt owner April 28, 2025 Sales at the group behind The White Company and Charles Tyrwhitt jumped past the £600m mark during its latest financial year, it has been revealed. Bectin Limited has posted a turnover of £607.7m for the 12 months to 3 August, 2024, up from the £558.5m it achieved in the prior year. But despite the sharp [...]
I quit the City of London and created £1bn Castore empire April 25, 2025 Cast your eye over the numerous growth lists that get churned out multiple times a year and there is one name that keeps cropping up towards the sharp end – Castore. The Manchester-headquartered brand has been on a skyrocketing journey since being founded by two Merseyside brothers in 2016. But Tom Beahon, who shares CEO [...]
Castore boss: How I convinced Andy Murray to back my sportswear brand April 25, 2025 The co-founder of sports apparel brand Castore has opened up about how he and his brother managed to convince Sir Andy Murray to invest in their company. Tom and Phil Beahon set up their business in 2016 and quickly set about attempting to get a high-profile backer to help get the brand off the ground. [...]
Asos: Losses narrow as e-commerce giant drives turnaround April 24, 2025 Struggling ecommerce giant Asos has reported reduced losses as its turnaround plan begins to take shape. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) moved into positive territory at £42.5m in the 26 weeks to March 2, from a loss of £16.3m last year. Its share price dipped by nearly two per cent in [...]