"Im proud of my decision, and proud of the team that Im a part of. This means that we may include adverts from us and third parties based on our knowledge of you. Paul Richardson is the former Chief Executive Officer of City West plc and later became a joint owner/director of All Saints Retail Ltd. Paul Richardson later served as Non-Executive Director at Birmingham City plc and also served as a Managing Director and Senior Vice President. He was known locally as being the "business guy" and had a wealth of experience that has helped build Gymshark's strong foundations over the years. Im going to have even more input and control over the future of the business. Insider Northern Ireland Dealmakers Awards 2023, Shopping destination expansion plan tipped for refusal, Creative agency continues to back Nottingham Rugby Club, LDC-backed governance group expands with acquisition, Travis Perkins posts resilient performance, Major housebuilder proposes Burbage scheme, Plans for five railway stations across the West Midlands, NTU to contribute to EV battery recycling project, Former quarry site earmarked for mixed-use project, Paint manufacturer grows after receiving support, Rich List sheds light on regions wealthiest business leaders, Jobs at risk as Gymshark proposes restructure, Gymshark co-founder backs womens gymwear brand, Coding boot camp supports student into Gymshark role, Turnover and profit surges at Gymshark parent, Gymshark opens North American headquarters. October 22, 2021. Do not sell or share my personal information. Ben Francis is the owner of the firm. In the ten years he has been in business, Gymshark co-founder Ben Francis has seen a meteoric rise in the success of his brand - as well as his nearly 700m ballooning personal wealth. Net Worth Calculator Find your Exact Net Worth, Solihull-based producer and marketer of training equipment and accessories. Dec 27, 2022 Paul. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. This comes as no surprise after in February of this year owner Ash White tried to sell 10% of his equity which we stated at the time was likely down to the brand struggling financially with stock due to be paid for. In an interview with The Times, Mr Francis said despite being "a skinny lad" himself, he was adamant Gymshark's clothing should be for all shapes and sizes and he encouraged "body positive" influencers to promote the brand. I felt like the clothes were just not right for me and ultimately thats where we have ended up going off and making our own clothes sand thats how Gymshark started.. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. That was really good for fast growth but ultimately that led to big, slow, clunky businesses that didnt really understand the consumer and had no control over the consumer experience or their data.. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. Shop our favorite Women's Shoes finds at great prices. Something went wrong, please try again later. He has taken a completely different approach to selling and it has paid off. ", "Stanford buys stake in All Saints as its expansion push continues", "Gymshark flexes muscles as Ben Francis becomes CEO | TheBusinessDesk.com", "Gymshark secures investment from General Atlantic", "PwC UK and US advise Gymshark on unicorn valuation", "Revealed: The story behind Gymshark's transformational deal | TheBusinessDesk.com", "Gymshark director acquires majority stake in Hera London", "HERA appoints Climb Online to help drive 100m growth strategy", "Birmingham City takeover LIVE - Paul Richardson to meet John Eustace", "Birmingham owners in waiting draw up stadium plans ahead of EFL approval", article "Paul Richardson (Businessman)" is from Wikipedia, https://wikitia.com/index.php?title=Paul_Richardson_(Businessman)&oldid=154989. Birmingham City's owners Birmingham Sports Holding Limited (BSHL) are now on the verge of selling the club to a consortium lead by former Argentina player Maxi Lopez and Blues fan Paul Richardson. Shop the best selection of deals on Beauty now. Then Covid got in the way and thats been delayed until further notice. 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'. 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. Paul Richardson, executive director of billion pound business Gymshark the wildly successful fitness apparel, has purchased a controlling stake in a fancy Cheltenham fashion brand. Aged 21, Ben turned his sportswear business in to something much bigger. MAKING TAX DIGITAL. Gymshark was spawned from Mr Francis's personal desire for comfortable, stretchy fitness gear which fitted people of all sizes. In this blog. Paul Richardsons net worth is a mystery to many. Seamless leggings and leading the influencer marketing game (more on that later). Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. After handing back the role of CEO to Gymshark's founder, Ben Francis, Steve became Executive Chair at Gymshark before stepping back from the business to become a Non-Executive Director in August 2022. But Richardson does have a good track record. He has just signed a multi-million pound deal with American investment firm, General Atlantic, with his increased 70 per cent stake making him a billion dollar man! READ MORE:Gloucestershire maternity units closed due to midwife staffing problems. Life at cooper parry. From left: Paul Richardson, Gymshark's chief strategy officer; Ben Francis, Gymsharks chief brand officer and founder; Rob Hemus, asset manager with IM Properties (Picture dated: October 2017). The Gymshark story is amazing. The former Aston University student went from a delivery driver for Pizza Hut to sportswear entrepreneur with the help of a sewing machine and screen printer in his parent's garage, Get the latest news from MySolihull straight to your inbox. Despite his soaring success as a businessman, Lewis - who is worth 125m - said that he's most proud to step back and look after the people he loves most. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. But he said he was also down-to-earth and, when the value of his company soared to 1 billion, he celebrated with a Nando's. US private equity firm General Atlantic is taking a 21% share in the clothing business, which is based in Solihull. Unlike other brands, Gymshark uses plus-size people wearing its clothing. This article "Paul Richardson (Businessman)" is from Wikipedia. Richardson has taken the position of executive chairman in the company, which has announced plans to grow into a 100m fashion label over the next three to five years. Last year's Sunday Times Rich List put his worth at 700 million. When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. In this episode, we discuss Paul's role with G. education business podcasts management. The brand,. Ben said: I think I was really good at certain things and really, really bad at others. 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. The business is currently working with almost 300 charity shops, enabling them to sell premium preloved fashion online. A company can earn from different criteria. [10] The company would continue to build on the global foundations laid by Richardson and Hewitt, expanding its presence in the US market the following year with the opening of a new regional headquarters in Denver. For clothing pieces, such as shorts and leggings, the prices are typically between $15 - $30. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. Despite his soaring success as a businessman, Lewis - who is worth 125m - said that he's most proud to step back and look after the people he loves most, especially his mum Kim (pictured together). [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. Save up to 50% on Trending when you shop now. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. 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Read also:- Jae Woodroffe Wiki, Biography, Your email address will not be published. Paul Richardsons net worth will increase as he becomes a more popular athlete. 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. Nestle scraps popular item in UK leaving customers 'devastated'. Is this going to change the business. The list of its authors can be seen in its historical. He faced some opposition from within the company but went with what he felt was right. He joined a gym which he found intimidating but learnt from YouTubers to get results. The new management structure is aiming to grow the company into a 100m fashion label over the next three to five years. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 As of this writing, Gymshark has an estimated net worth of $1 billion. Or by navigating to the user icon in the top right. Find the best deals on Gear from your favorite brands. 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. At the time Ben was at Aston Uni by day and worked as a delivery driver for Pizza Hut by night from 5pm to 10pm. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. His wifes name is Jodi Jones. 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He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. "Investegate |Birmingham City PLC Announcements | Birmingham City PLC: Appointment of Director", "5 Lessons We Can All Learn From Gymshark's 1bn+ Journey", "Birmingham City takeover explainer: what's the plan? Deals and discounts in Womens Active Shoes & Sneakers you dont want to miss. [17]. Company details taken from Companies House. Lewis, who is in the process of buying a 1.5m house, is a big gym-goer and has always been passionate about exercise and fitness. Sitemap | Terms & Conditions | Privacy Policy & Cookies. 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. The Gymshark company really provides a nice workout with a few great features. Sahar Nazir. It has offices in Denver in the United States, Hong Kong, Mauritius, London and a huge campus at Blythe Valley Business Park in Solihull. 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. 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