Deals and discounts in Cookbooks you dont want to miss. 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. Lewis sold his 20 per cent share in Gymshark for 100 million. In August, Gymshark was valued at 1 billion, 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. Sainsbury's to shut two Argos hubs, 1,400 jobs at risk, Liwe earned 469,629 euros in net profit in 2022, down 90%, Klarna still loss-making but profitability gets closer, Puma expects margin pressures to persist in 2023, Beiersdorf sees slower sales this year after bumper 2022, Abercrombie & Fitch posts fall in quarterly profit despite 3% sales uptick, Kohl's swings to surprise loss as margins crumble on steep discounts, LVMH to buy back 1.5 billion euros worth of shares. The one negative is that the program costs much more than other similar programs. Net worth Currently the business is worth at around $1.45 billion. Alongside his business partner and best friendBen, the pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. 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. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. Thats an ambitious goal given that turnover may be in the millions at the moment, but its still in single-digits.Richardson will oversee the company strategy and assist [the label] into a new phase of its development, although its now being run on a day to day basis by his daughters Holly Beadle as CEO and Georgia Richardson as Chief Brand Officer. The new management structure is aiming to grow the company into a 100m fashion label over the next three to five years. Paul Richardson Businessman Wiki, Biography:- Paul Richardson is a famous British businessman, Paul Richardson, and former Barcelona star Maxi Lopez are the owners of the Birmingham Metropolis soccer membership home. Hera Londons new executive chairman Paul Richardson. 'It was four years of mayhem. Hes married to Jodi Jones and has two daughters, and their names are never revealed. Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. Me and Robin were going to move out there. 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. We had amazing people around us who were helping us.'. 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. I think it would be remiss of me not to continue to bring in the right people to help elevate us to that next level. Save up to 50% on Maternity Clothing when you shop now. Last year's Sunday Times Rich List put his worth at 700 million. LEGAL STUFF. Gymshark set up by Bromsgrove ex-Pizza Hut delivery boy now valued at 1billion, Ben Francis of Gymshark is worth 138 million according to Sunday Times Rich List, Gymshark's 'sweaty selfie' craze aims to raise 175,000 for Birmingham NHS hospitals, Click Travel and Gymshark among UK's high growth companies, Fitness brand to launch new digital hub in Birmingham, Astonishing story of Birmingham student behind a 100m clothes business, How mum and daughters set up 10 million beauty business from their Wolverhampton home, Fitness brands Gymshark and Grenade among UK's top international firms, Stacey Solomon fans warn they 'may unfollow her' after Belle and Rose snap. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. Helping my family is my biggest achievement.'. Waitrose reveal its 2020 Not just any chip shop scraps! [6], Buoyed by an increase in revenue and recruitment, Gymshark expanded its regional headquarters in Solihull in 2020. He used the supplement drop selling cash to buy a screen printer and a sewing machine and thats where the brand as we know it really began. He said his way of relaxing was spending time at the farm with his wife walking their dogs. As always you can unsubscribe at any time. Paul Richardson was born in Los Angeles, in April 13, 1992. Type in the area above to perform a search. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. T: 0161 907 9743 Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Ben Francis established the business with the help of some school friends but moved to become chief brand officer in 2017 and was succeeded in the top job by Steve Hewitt. He graduated from high school with honors. 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. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Then enter Insiders Made in the Midlands Awards 2023. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. Despite Covid, the company has opened a distribution centre in Toronto in Canada. Something went wrong, please try again later. It went from a garage to the Moons Moat Industrial Estate in Redditch in 2016 and then to its present headquarters at the Blythe Valley Park in Solihull in 2018. It is about to open two in America, in Ohio and California. His business was valued at nearly 1.5 billion, Never miss the latest local news again by signing up to our Daily Newsletter. It has offices in Denver in the United States, Hong Kong, Mauritius, London and a huge campus at Blythe Valley Business Park in Solihull. In 2019, Gymshark made sales of 175.2 million with a profit of 18.6 million. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. He said: The old playbook for success in brands was you create as much product as you can, supplied in to as many stores as you can, to please as many people as you can. Copyright 2023 FashionNetwork.com All rights reserved. Paul RICHARDSON. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic. 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. His wife's name is Jodi Jones. As of this writing, Gymshark has an estimated net worth of $1 billion. You get to a point where money isn't everything. I am very proud to be in the position I am. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. 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. He was born in Los Angeles and has twin brothers. Local businessman Paul Richardson says he and former Barcelona striker Maxi Lopez hope to complete a deal to buy Birmingham within the next three weeks. Get all the stories you love straight to your inbox. He said: I have always said I always want to take every single leap possible to take this in to being one of the biggest and best brands in the world. Save up to 50% on Hair when you shop now. Remains found in Constance Marten and Mark Gordon baby search, BREAKING Remains found in the search for the two-month-old baby of Constance Marten and Mark Gordon, BBC Breakfast star Carol Kirkwood's mystery fiance unveiled as toyboy 13 years her junior. Nestle scraps popular item in UK leaving customers 'devastated'. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Former Watford owner Laurence Bassini was expected to complete a takeover, and had been given a deadline of . The 28-year-old said he was never great at school but something clicked for him aged 17 when he took an IT class. Ben said: I think I was really good at certain things and really, really bad at others. The company would go on to become the largest waste management and recycling company in the West Midlands with a turnover in excess of 10 million. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Home - Company - Gymshark Net Worth, Ben Francis Net Worth (Updated). Richardson played his first NFL game on December 19 against the Indianapolis Colts, but had no stats. He said: I think at the point of Lewis leaving, we were in the revenues of ten to 12 million pounds. While Richardsons net worth is estimated to be anywhere between $3 million and $5 million, he has been exaggerating the figure by a few hundred thousand dollars. Role . His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. E: craig.dorham@newsco.com, Next article: Shopping destination expansion plan tipped for refusal, Previous article: Creative agency continues to back Nottingham Rugby Club, Newsco Insider Limited | Registered in England and Wales with Number 02709518 rights reserved His estimated net worth is $6,5 million. He made his first Super Bowl appearance with the . For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Paul Richardson is the chief strategic officer at GymShark and director at Clade Group Ltd. Founded in 2012 by Ben Francis and a group of high school friends, Gymshark is based at their head offices, GSHQ , in Solihull in the West Midlands.. Its revenue in 2018 surpassed 100m and as . While his net worth is based largely on his NFL earnings, he is also a successful businessman. 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. His nan made curtains and taught him how to sew. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. The sportswear company itself is said to be valued at . Thanks to the strong foundations that were built throughout Gymsharks growth, coupled with a ferocious understanding of our community, brand and product, weve been able to grow faster than almost any business of our type globally. His contract was extended through the 1994 season. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. Find the best deals on Women's Handbags & Wallets from your favorite brands. By Joe Forte. Shop our favorite Bath & Body finds at great prices. Liven Family Net Worth 2022 How Rich is the Family? "Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to uniting the conditioning community. 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. These are the best Fashion deals youll find online. A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing it at a cool 1.45 billion dollars. With more than 20 years' experience in the sector, Richardson was instrumental in helping Gymshark become the global e-commerce business it is today. The company employs 499 people globally. 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.. 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. These are the best Kitchen Linens deals youll find online. Deals and discounts in Womens Active Shoes & Sneakers you dont want to miss. News of the redundancies came as a shock to the business community. He listed as many supplements as he could on his website and drop shipped them. The Gloucestershire-based companys new management has plans to turn it into a 100m fashion label. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. Medicaid to cut 14 MILLION Americans from health coverage as states crack down on eligibility for the first time in three years after numbers soared during COVID - so are you at risk? Then in 2013, it started designing and producing its own training apparel. Before launching Gymshark, Francis developed two fitness applications, Fat Loss Abs Guide and iPhysique, which were both listed in the iOS App Store charts.While at university between 2010 to 2013, he worked for Pizza Hut as a delivery boy earning 5 an hour.He gave up six months after launching Gymshark.In 2012, aged 19, he launched Gymshark . Perfect for a posh Christmas! Aged 21, Ben turned his sportswear business in to something much bigger. 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. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. As he couldnt find any he decided to make them. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. Im going to have even more input and control over the future of the business. James Hyde - Founder & CEO, James and James. 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. 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. But Richardson does have a good track record. ', 'It's incredible. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. Namespace on Wikipedia 's Draft Namespace any chip shop scraps, establishing the brand online customers 'devastated ' finds great. Is between $ 1 billion off and now Gymshark is the Family Womens Active Shoes & you. Lot to manage for anyone, let alone a young entrepreneur who has a net worth is largely! 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