The British luxury outwear provider Belstaff International Limited has published its results for the 2024 financial year.
Accordingly, sales fell by 5.2 percent to £ 54.6 million (64.4 million euros), but the company made considerable progress in the result. The net loss, which had been £ 18.3 million last year, was reduced to £ 15.9 million (18.8 million euros). In addition, the gross margin rose from 25.9 percent to 28.1 percent.
The operational profit for 2024 was O, 6 million British pounds, which corresponds to a decline of 72.1 percent compared to the previous year. According to the company, this minus was mainly due to the fact that the figures for 2023 had been positively influenced by the dissolution of a provision for a shop rental contract and currency effects.
An essential event after the balance sheet date took place on August 28, 2025 when Belstaff and his subsidiaries were adopted by J. Carter Sporting Club Limited, the parent company of the Sportswear brand Castore. The management now expect that Belstaff will benefit from integration into the larger Castore group. This should be done by the implementation of synergies and the expansion of global business activities.
Belstaff’s strategy now focuses on increasing sales and profitability through a stronger focus on the brand image and the 100-year-old heritage. The corresponding measures include refreshing visual identity, new product categories and the renovation of the existing branch portfolio.
This article was used with digital tools translated.
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