The Definitive Jacket thread.

[bigleonski]

In fairness to Belstaff, the brand is world reknowed in different circles and is the reason Ineos named it's signature Grenadier the Trialmaster. Some might need to venture out a bit more and get out from UnderDaRockies.

If it didn’t happen in the US, did it even happen??

 

[Voader - Oudersopzwier]

Another article one this subject

Jim Ratcliffe sells leather jacket brand as Ineos empire shrinks

Chemicals mogul offloads motorcycle fashion group to sportswear brand Castore

www.telegraph.co.uk

 

[Eric]

didn't castore make a £28M loss last year? conglomerating Belstaff and castore losses?

 

[CRH]

This was in the article whilst discussing the Grenadier.

'It was forced to recall more than 7,000 of its sports utility vehicles in the US earlier this year, following customers’ complaints that doors were flying open while driving'h doors were flying o


Using 'sports' wording, doesn't quite do it justice!!pen
while
driving

 

[Tazzieman]

Shape up or ship out...

 

[DenisM]

“
Castore, the manufacturer of premium sports apparel, has today announced that it has agreed to acquire 100% of the shares of Belstaff, the British premium heritage brand, on a debt-free, cash-free basis. The deal, the financial terms of which are undisclosed, will see INEOS, parent company of Belstaff, make a significant strategic investment in Castore at a holding company level.”

I’m really far from a business man (and slept through Econ 15), but IA essentially is giving BS to Cas AND investing in them? If that is indeed the situation (that’s how it reads to me anyway), that seems odd. Why would the company invest in the company to whom they sold out to?

He didn't really sell out. Sir Jim appears to have given Castore 100% of the shares in Belstaff in return for a significant slice of equity in Castore at the overall "holding company" level. The day to day running of Belstaff is thus absorbed into the Castore organisation. That removes the distraction of day to day oversight previously exercised by Sir Jim. In return, Sir Jim gets a slice of the equity in the company share structure which ultimately owns the combined operation.