Heritage fashion brand Belstaff bought by British sportswear group Castore

Tom Beahon, co-founder and chief executive of Castore, said Belstaff had an ‘unparalleled heritage’. Photograph: Belstaff/Castore

Belstaff, the struggling British fashion brand known for its heritage motorcycle gear, has been bought by the sportswear group Castore from the billionaire Sir Jim Ratcliffe’s Ineos.

Under the deal, the terms of which have not been disclosed, Ineos will make a “significant strategic investment” in Castore’s holding company.