Industry News
Sportswear brand Castore acquires Leeds-based Infinity Inc
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nfinity Inc has been acquired by Castore, in a move which strengthens the premium sportswear brand’s supply chain. Infinity Inc is already a key supplier to Castore and through this acquisition greater speed to market is now enabled when servicing both UK and international sporting partners. Phil Beahon, co-founder of Castore, said: “We have long admired Infinity and have worked closely with Darren and his team over the years so know the quality of product they can deliver. We look forward to integrating the business with Castore but also continuing to service the wide array of customers already being serviced by Infinity.”
Castore with their vision to become the number one British sportswear brand.” The deal is Castore’s first acquisition following a £145 million investment in November 2023.
Tom and Phil Beahon of Castore have acquired Infinity Inc
Darren Cohen, CEO of Infinity, added: “I am delighted to lead Infinity Inc into this exciting new chapter and partnership with Castore. With over 25 years of experience providing branding expertise, innovative solutions, and world class service, we look forward to supporting
Founded in Liverpool in 2016 by brothers, Tom and Phil Beahon, Castore’s business model combines a premium performance apparel brand with a vertically integrated digital commerce platform and supply chain to deliver a comprehensive service offering to top sports teams and leagues. To date, Castore has partnered with 50 franchises globally, catering to a massive end-market that is highly underserved, unsatisfied and thirsty for innovation – including those in football, tennis, Formula One, rugby and cricket.
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n the first quarter of 2024 ended March 31, Kornit Digital reported revenues of $43.8m in spite of macroeconomic challenges.
Kornit Digital reports Q1 revenues of $43.8m Mi-Hub begins search for uniform heroes
Ronen Samuel, Kornit’s chief executive officer, said: “Despite enduring macroeconomic challenges, we saw success with the strategic initiatives we implemented in Q4 and early this quarter. “Our pipeline for the Apollo has already been filled for 2024 by customers addressing both existing and target markets, and we are now building our pipeline for 2025. Additionally, in the first quarter of the AIC pilot on Apollo,
the model generated highly positive feedback and drove multiple orders. “As we look ahead, we are dedicating our attention and resources to ensuring that we have put all the necessary pieces in place to deliver on our vision of transitioning long-run production to sustainable, on-demand digital production, globally.”
The Q1 revenue of $43.8m compared with $47.8m the previous year was primarily due to lower system revenues. The second quarter of the year, Kornit expects revenues to be in the range of $47 million to $52 million.
Zund UK opens multi-million pound facility O
n April 17, Zund UK opened its new 40,000sq ft UK HQ at Acuta House, Letchworth Garden City. This facility embodies Zund UK’s unwavering commitment to innovation and excellence across UK manufacturing industries. A highlight of the event was the unveiling of the new Q-Line with BHS180. Nicki Kay, MD at Zund UK, said: “The grand opening ceremony was a testament to our hard-work and dedication in delivering successful digital cutting solutions to the UK market. We are thrilled by the positive
| 10 | June 2024 M
i-Hub has opened up entries for its 2024 search for Uniform Heroes, with 50 entries
published so far.
The open call for submissions is running throughout 2024 and invites all those who wear a uniform for work to enter the campaign. Four Uniform Heroes will be selected throughout the year, and surprised on the job with a £200 voucher, plus more surprise goodies. Global uniform supplier, Mi Hub launched the first annual Uniform Hero campaign and International Uniform Week in 2023. The first annual celebration in 2023 saw two uniform heroes crowned and surprised on the job among. Royal Mail postie, Terence and NHS occupational therapist, Emily were gifted a box of goodies.
The new HQ was opened by global CEO Oliver Zünd
reception from our guests and look forward to continuing to revolutionise industry with our innovative offerings.”
To enter the 2024 Uniform Hero campaign, all those who wear a uniform for work are invited to snap a selfie showcasing their uniform and share why the love their uniform, and what it means to them.
Submissions can be made at
www.uniformweek.com and will close on December 31.
www.printwearandpromotion.co.uk
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