Ineos said to be in talks to sell parts of business to tackle rising debt

Posted on February 25, 2026 by Admin

Talks reportedly focused on assets of owner Jim Ratcliffe’s vinyls business Inovyn as group scrambles to cut costs

The chemicals empire owned by the billionaire Jim Ratcliffe is in talks to sell parts of the business in the hope of raising hundreds of millions of pounds to tackle its rising debts, according to a report.

The talks are at an early stage but have focused on selling assets from Ratcliffe’s vinyls business, Ineos Inovyn, the Financial Times said, citing people familiar with the matter.

Ineos to cut a fifth of Hull jobs, blaming ‘dirt-cheap’ imports from China

Posted on October 7, 2025 by Admin

Company says more roles will be at risk unless UK government supports tariffs to protect industry

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Ineos, the chemicals company owned by the billionaire Sir Jim Ratcliffe, is to cut a fifth of jobs at its East Yorkshire plant, blaming “sky high” energy costs and “dirt-cheap” imports from China.

The company founded in 1998 by Ratcliffe, who co-owns Manchester United FC, said it would cut 60 jobs at the Acetyls site in Hull, which makes petrochemical products such as acetic acid. It said more roles would be at risk across the industry unless the government stepped in.

Heritage fashion brand Belstaff bought by British sportswear group Castore

Posted on August 28, 2025 by Admin

Struggling brand sold by Sir Jim Ratcliffe’s Ineos, which is to take ‘strategic investment’ in Castore’s holding company

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.

Jim Ratcliffe’s chemicals business under pressure from Trump tariffs, Moody’s warns

Posted on April 20, 2025 by Admin

Rating agency downgrades Ineos Quattro as it says ‘trade barriers’ could affect it for next two years

Sir Jim Ratcliffe’s loss-making chemicals business could take longer than expected to recover its financial health because of Donald Trump’s trade tariffs, analysts have said.

The billionaire industrialist has faced growing concerns over the state of his chemicals group amid problems with his business interests in Manchester United and All Blacks rugby.