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City AM
City AM
By Laura McGuire British clothing brand Castore is reportedly in talks with investors about a $200m (£165m) fundraising deal as it looks to compete with rival brands Adidas and Nike. According to a report by Sky News, the business, which has received backing from tennis star Andy Murray, is liaising with bankers to secure a “significant capital injection”. The business, which was founded by brothers Phil and Tom Beahon, has appointed Rothschild to advise on the process, Sky News reported. Sources close to the deal told Sky News that the brand held initial talks with “prospective investors” ahe…
