who owns castore sportswear mike ashley

Castore Sportswear is a fast-growing athletic apparel brand, with a reputation for high-quality, top-of-the-line products. However, rumors have been circulating recently about who actually owns the company. The name that keeps popping up is that of Mike Ashley, the billionaire founder of Sports Direct. So, does Ashley really own Castore Sportswear? Let's take a closer look at the facts and speculation surrounding the ownership of this exciting brand.

What is Castore Sportswear?

Before we delve into who might own the company, it's worth briefly discussing what Castore Sportswear actually is. The brand was founded in 2016 by brothers Tom and Phil Beahon, who were both former athletes. The company's mission is to create high-quality sports apparel that's both functional and stylish, and to develop a passionate community of athletes and fitness enthusiasts. Castore's products are designed to be worn by people of all ages and abilities, and are popular with both amateur and professional athletes alike.

Who is Mike Ashley?

Now that we know a little more about Castore Sportswear, let's turn our attention to Mike Ashley. Ashley is a well-known British billionaire who founded the popular sports retail chain Sports Direct. Over the years, Ashley has acquired a number of other retail companies, including House of Fraser, Flannels, and Jack Wills, making him one of the most successful and powerful businesspeople in the UK.

Does Mike Ashley Own Castore Sportswear?

So, the question at hand: does Mike Ashley really own Castore Sportswear? This is a tricky one to answer definitively, as both Castore and Ashley have been somewhat tight-lipped about any potential ownership ties. However, there have been a few clues that suggest Ashley may indeed have some ownership in the company.

Firstly, there have been reports that Castore has received some significant financial backing from investors that have ties to Ashley. One example is Michael Murray, who is Ashley's son-in-law and also the head of Sports Direct's property division. Murray reportedly invested 10 million in Castore, and also introduced them to high-profile sportspeople like Andy Murray, who has worked with the brand on a line of tennis clothing.

Secondly, Ashley's company Frasers Group (formerly known as Sports Direct International) confirmed that it has a 'minority stake' in Castore Sportswear. In a statement provided to the BBC, Frasers Group said that it 'provides strategic and operational support to the business as a minority shareholder,' but did not provide any details on the size of the stake or how it was acquired.

What Does This Mean for Castore Sportswear?

If it's true that Mike Ashley does have some ownership in Castore Sportswear, what impact might this have on the brand and its customers? On the one hand, having a major retailer like Ashley behind the company could provide a significant boost in terms of funding, marketing, and distribution. This could help Castore expand more quickly and reach a wider audience.

However, there are also concerns that Castore could lose some of its independence and identity if it becomes too closely tied to Ashley and his retail empire. Some critics have pointed out that Ashley's history with controversial business practices, such as zero-hours contracts and poor labor conditions, may not align with Castore's brand values of quality and community.

Ultimately, the true ownership of Castore Sportswear may remain a mystery to the public. However, regardless of who may or may not be backing the brand behind the scenes, it's clear that Castore has made a strong impression on the athletic apparel market in a relatively short amount of time. With its focus on high-quality and stylish products, as well as its commitment to empowering athletes and fitness enthusiasts, Castore is sure to continue making waves in the years to come.

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