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The Definitive Jacket thread.

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

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.
 
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.
Plus he might pick up some tax loss to use in 2025 raxes
 
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.
I.E. It was bleeding cash with no way to turn it around, and no one wanted to buy it.

My Cheesy jacket fits good, so I'm happy.
 
What do you mean by body armour?
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Totally random but I have seen several "celebrities" wearing Belstaff jackets. Richard Hammond had one on in a YouTube film, the bad guy in the new Naked Gun movie (terrible but it made me laugh), and just yesterday I saw something else on TV but damn I can't remember. It's interesting to me because before the whole Grenadier/Belstaff connection I had never heard of the company. Perhaps folks wearing these isn't something new, but rather something I just wasn't unaware of. Now when I watch things, I look for the little tag on the arm. Whatever I was watching the other day I actually paused and went back to make sure it was Belstaff product. Hopefully I'll remember what the hell it was on.
 
Totally random but I have seen several "celebrities" wearing Belstaff jackets. Richard Hammond had one on in a YouTube film, the bad guy in the new Naked Gun movie (terrible but it made me laugh), and just yesterday I saw something else on TV but damn I can't remember. It's interesting to me because before the whole Grenadier/Belstaff connection I had never heard of the company. Perhaps folks wearing these isn't something new, but rather something I just wasn't unaware of. Now when I watch things, I look for the little tag on the arm. Whatever I was watching the other day I actually paused and went back to make sure it was Belstaff product. Hopefully I'll remember what the hell it was on.
When I was a kid they were the defacto go to motorcycle jacket (before the days of kevlar and CE ratings when men were tough). Just another brand. Then they got the Burberry treatment and became a fashion statement. Only rich bikers and influencers (who were given one) wear them now.

I still have mine from Ineos, brand new and unworn and unsold. No one really wants them unless they are free it seems.
 
Totally random but I have seen several "celebrities" wearing Belstaff jackets. Richard Hammond had one on in a YouTube film, the bad guy in the new Naked Gun movie (terrible but it made me laugh), and just yesterday I saw something else on TV but damn I can't remember. It's interesting to me because before the whole Grenadier/Belstaff connection I had never heard of the company. Perhaps folks wearing these isn't something new, but rather something I just wasn't unaware of. Now when I watch things, I look for the little tag on the arm. Whatever I was watching the other day I actually paused and went back to make sure it was Belstaff product. Hopefully I'll remember what the hell it was on.
Barbour and Belstaff both have a very long and storied history, often featured by leading actors. A quick google search reveals Belstaff having been featured in I Am Legend, The Aviator, The Curious Case of Benjamin Button, Mission: Impossible III and The Tourist.

Steve McQueen famously was a big fan of the Trialmaster, which gained its fame through off-road motorcycle racing.

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Besides the famous chase scene in Bullitt I do not think I've ever seen a Steve McQueen film (I can hear the gasps from here). I guess I really should - it seems every guy over 60 thinks he was the coolest in all the world. A "man's man" whatever the hell that means.
 
Totally random but I have seen several "celebrities" wearing Belstaff jackets. Richard Hammond had one on in a YouTube film, the bad guy in the new Naked Gun movie (terrible but it made me laugh), and just yesterday I saw something else on TV but damn I can't remember. It's interesting to me because before the whole Grenadier/Belstaff connection I had never heard of the company. Perhaps folks wearing these isn't something new, but rather something I just wasn't unaware of. Now when I watch things, I look for the little tag on the arm. Whatever I was watching the other day I actually paused and went back to make sure it was Belstaff product. Hopefully I'll remember what the hell it was on.
Belstaff has been "sold" to Castore, with Sir J having a stake ( or " investment " to quote the phrasiology as part of the deal) in Castore. In effect he has devested any operational control of Belstaff. So I wonder if the Belstaff versions of the Grenadier may end up with a model name change in due course 🤔
 
Belstaff has been "sold" to Castore, with Sir J having a stake ( or " investment " to quote the phrasiology as part of the deal) in Castore. In effect he has devested any operational control of Belstaff
Yea I remember reading about that - we discussed it on here somewhere back when it happened. As a non-business person the whole deal confused me but some memebers more in the know explained it. Still weird tome though.
 
My old man was wearing Belstaff jackets on his bikes when everything was still in black and white. Same applies to me and my Barbours. Turning practical stuff into fashion brands with the inevitable price hikes usually kills quality and individual product longevity. My 1960's Barbour Solway Zipper jacket is a superior garment compared to my 1990's version.
 
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