[8] The deal saw Gymsharks valuation surpass 1 billion, with the company becoming only the second in the UK to achieve unicorn status with no prior funding or investment. Something went wrong, please try again later. Save my name, email, and website in this browser for the next time I comment. Find the best deals on Home Gym from your favorite brands. These are the best Home Audio deals youll find online. The couple has two daughters. He applied that structure to turning his academic life around. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. Want our best stories with fewer ads and alerts when the biggest news stories drop? Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. He carried out this role until May 2004, acting as an advisor to the senior management team during the clubs first two seasons in the Premier League. Shop the best selection of deals on Laptops now. We started to hire staff and started to build out a more formal process.. [7] Later in the year, the company secured investment from private equity firm General Atlantic. He was one of the first to use social media influencers, sending clothes to popular bodybuilders, creating brand ambassadors and in return getting mass exposure. Discussing how he started the business, Lewis explained that his friendship group dwindled quickly at University, as he went to 'make money on the side doing whatever' while most people went to 'go out and drink'. -. The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. I think growing up in the West Midlands helped, it was fairly chill. He said as a child he was "skinny and slight" and that had made him go to the gym to build muscle, and that's where he came up with the idea for Gymshark. Save up to 50% on Women's Accessories when you shop now. The six year-old brand that was originally known for its skinny jeans, oversized sweatshirts and loungewear plus its celebrity following will continue to operate from its UK HQ in Cheltenham and has taken on extra expertise to help it expand. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the company's growth and international expansion, with his appointment alongside Steve Hewitt described by Francis as helping to revolutionise the business. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. This article "Paul Richardson (Businessman)" is from Wikipedia. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. Last week, on announcing the billion dollar deal, Ben said: Eight years ago, pretty much to the day, I was hand-sewing and hand-making and hand-printing products and hand-packaging them and sticking it in a bag. Its revenue has grown tenfold over the past four years, rising to $550 million in 2021, according to the company's latest full-year financial report in July. Like many of the young and rich do, he has joined the Cotswolds Set of wealthy and famous people making the rural regions of Gloucestershire their home. People havent been in this situation before. Paul has been around Gymshark since it's early days in 2013 and now has seen it turn into the $1.4 billion dollar brand that is today. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic. Creative Commons Attribution-ShareAlike. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Liven Family Net Worth 2022 How Rich is the Family? Lewis left five years ago but retained a 20 per cent stake. If you have any problems or questions related to any matter, you may directly contact us at mpmsunews@gmail.com. It has engaged The Growth Foundation, an e-commerce growth consultancy, to help the brand scale-up and achieve these goals, as well as Fostr a premier Shopify Plus Agency based in the UK.The big question is whether the family trio now at the helm will be able to pull off its growth targets. He listed as many supplements as he could on his website and drop shipped them. After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. Download our app on iPhone or Android. But Gymshark grew and grew. Deals and discounts in Cookbooks you dont want to miss. Working on Gymshark while living at his parents house, Lewis had a job as a potwash and a retail assistant in Burton while studying, which he describes as 'four years of mayhem'. As always you can unsubscribe at any time. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. At just 29, the gym wear entrepreneur has already bought himself a Cotswold farm to retire to when the strains of business life get too much for him. In his time at Knowaste, Richardson evolved the business model and brought AHP recycling to the market with the development of the first commercial AHP recycling facilities in the UK.[12]. October 22, 2021. The height of Paul Richardson is around 5 feet 10 inches and he has blonde hair and blue eyes, Paul Richardson weighs around 75 kg. Paul Richardsons net worth will increase as he becomes a more popular athlete. Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. 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Sahar Nazir. Mr Francis said his early upbringing was pivotal in his success. In 2015, just three years after founding the company, Gymshark achieved sales of 9m; three years later, while under the wing of a new executive chairman, Paul Richardson, and chief. Justin Harling - CEO, CAE Technology Services. The marital status of Paul Richardson is married to Jodi Jones. Our Gymshark family of employees, athletes and followers is now over 10 million strong, with a total social media following of over 18 million and customers in over 230 countries across our 14 online stores. It comes after documents filed in March revealed the Solihull-headquartered Clade group achieved a turnover of 176.1 for the 12 months to 31 July 2019, up from 103m, and pre-tax profits of 18.4m, a rise from 17.5m. And then the Gymshark brand was born. A few months later, Paul accepted the role of Gymshark Director, then Chief Strategic Officer and since then he has overseen and guided the growth of one of Britain's biggest business success stories and is currently Executive Chairman. He went from Ds and Es at GCSE to As and Bs at A-level and that secured him a place on Aston Universitys Business and Management degree course. He added: "It was definitely the right decision. This means that we may include adverts from us and third parties based on our knowledge of you. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758
Paul Richardson is a British businessman and entrepreneur. Paul Richardson The move comes as the business aims to echo the kind of speedy growth Gymshark has seen and wants to be a 100 million fashion label over the next three to five years. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. Helping my family is my biggest achievement.'. October 21, 2021 Mergers & Acquisitions Retail South East South West Gymshark Director and former Chairman, Paul Richardson, has purchased the majority share in streetwear brand, HERA London, and takes the position of Executive Chairman. It is about to open two in America, in Ohio and California. The old playbook has been thrown out of the window. He said: I think at the point of Lewis leaving, we were in the revenues of ten to 12 million pounds. He has a net worth of more than 700 million. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. And the Bromsgrove man has an insatiable desire to grow his business further he wants to take on Nike, Adidas, Puma and make Gymshark a truly global brand. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. President at Novest LLC. The founder of online athleisure juggernaut Gymshark has revealed how he stepped back from the billion pound empire he started aged 19 - as 'money isn't everything' and 'he wanted time with loved ones'. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. Gymshark - Worth the Money. How does Gymshark earn money? or debate this issue live on our message boards. READ MORE:Gloucestershire maternity units closed due to midwife staffing problems. We will shortly solve your problems. In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. These are the best Small Pets Supplies deals youll find online. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. 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Shop our favorite Women's Shoes finds at great prices. Paul Richardson was born in Los Angeles, in April 13, 1992. Trump rages at Mark Zuckerberg amid claims group linked to Facebook boss gave $2 million to Georgia elections board - and says Dems are 'trying to steal a SECOND election'. Ben said: This is a rapidly growing brand. Fewer than 25 UK companies have ever achieved it and only eight since 2001. [2], In 2000, Richardson co-bought fashion retailer AllSaints out of administration and joined the board as a director. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), The Top 5 Nutrient-rich Ingredients In Holle Baby Formula. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. He wanted longer, stretchier and more fitted gym clothes. Current companies connected to Paul Richardson A search of Companies House has found these companies currently connected to Paul Richardson Information correct as of June 26, 2022. T: 0121 214 6562 In 2021, Richardson acquired Long Itchington and Ufton Woods, a 200-acre woodland which is a Site of Special Scientific Interest (SSSI), as well as a 200-acre woodland in East Hareshaw, Scotland and a 228-acre farm in Warwickshire. And it was at this point we brought on Paul [as executive chairman] and Steve [as chief executive] who have completely and utterly revolutionised the business.. And carrying it down to the post office and standing there while each one was stamped and sent out across the world. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. No doubt a place he will be spending some time as he mulls over the 121 staff he will have to make redundant, following the company's announcement of the first layoffs in its history. Ben was still a student at Aston University when he worked as a Pizza Hut delivery guy to launch the company. Launched in 2015, Hera London became . Armed with a screen printer and sewing machine, he spends his nights hand making clothes and selling them online. Or by navigating to the user icon in the top right. Hes also becoming its new Executive Chairman. T: 0161 907 9743 Paul was a local business person that I met at the gym. Shoppers joke M&S have after US private equity giant General Atlantic snapped up a 21 per cent stake in his business - making his partner Ben the richest self-made Briton under 30 with a worth of around 650million. General Atlantic has bought a 21 per cent stake in the business. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. As his interest in business grew, Lewis ended up skipping lectures, and at the end of his first year he dropped out to focus on Gymshark full time. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. Save up to 50% on Pets when you shop now. Ben took a small margin. Daniel Ek Wife, Children, Age, Family, Height, Net worth, Nationality & More, Giancarlo Granda Wiki, Biography, Age, Height, Parents, Siblings, Wife, Ethnicity, Net Worth & More, Stephanie Pomboy Wiki, Biography, Age, Height, Parents, Husband, Net Worth, Ethnicity & More, DGCA seeks report, Go First flight forgets 50 passengers in the bus, BSSC CGL Admit Card Download, Exam Date, Download Bihar CGL Call Letter, Pawan Kumar Chandana Biography, Wiki, Age, Height, Family, Relationship, Net Worth & More, Shanaya Khan biography, Wiki, Age, Height, Family, Relationship, Net Worth & More, Daniel Guichard Age, Bio, Zodiac sign, Height, Family, Relationship, Net worth & More. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. This means that we may include adverts from us and third parties based on our knowledge of you. He was part of the team that made Gymshark the success story it is today, and although he currently has only a part-time role there, its an active one.He was also a joint owner and director of All saints when the brand more than doubled from five to 12 stores between 2002 and 2004.Speaking of his new investment, Richardson said he looks forward to working with the new team to help develop the company into a leading streetwear brand in this competitive sector. Seamless leggings and leading the influencer marketing game (more on that later). During his studies, he built the first version of the "Gymshark" website, establishing the brand online. Success in the UK shop now business person that I met at the gym matter, you may directly us! From Wikipedia rapidly growing brand Mens T-Shirts and BUYMA at Gymshark, a well-known fitness brand in the business farm... 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