General Atlantic has bought a 21 per cent stake in the business. It took six weeks to get his first sale. His father played in the NFL with the Philadelphia Eagles. 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. Since it was started by 29-year-old Mr Francis and his friend, Lewis Morgan, in 2012 its trajectory has been skywards. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm 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 Businessman Wiki, Biography, In this blog. Mr Richardson said: Im thrilled to have acquired HERA London and look forward to working with the new team to help develop the company into a leading streetwear brand in this competitive sector. Mum's incredible proud. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. 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. He was inactive for the final two games of the season. Paul Richardson of Gymshark added: "We have worked with the team for a few years now and on a range of areas as our business has grown. He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. 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Company details taken from Companies House. His estimated net worth is $6,5 million. 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. It looks like we could be hearing a lot more from streetwear brand Hera London in the near future with Gymshark director and former Chairman Paul Richardson having bought a controlling stake in the streetwear firm. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Loose Women star, who welcomed Belle earlier this month and Rose on her 32nd birthday last October, posted the adorable snap on Instagram. The brand,. 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. And thats why he has enlisted the help of General Atlantic. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Gymshark Chairman 2015 Related Hubs Recent News and Activity Number of News Articles 1 In 2017, Ben chose to stand aside as CEO to concentrate on the aspects . Paul Richardsons net worth will increase as he becomes a more popular athlete. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Find the best deals on Gear from your favorite brands. And after falling in love with the fitness industry he started selling supplements. 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.. 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.. E: jon.robinson@newsco.com, Craig Dorham, Business Development Manager [7] Later in the year, the company secured investment from private equity firm General Atlantic. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. We will update as and when we get information about Paul Richardsons net worth. We had amazing people around us who were helping us.'. Save up to 50% on Women's Clothing when you shop now. 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. Lewis Morgan, 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were teenagers and studying business at Worcester University and Aston University in Birmingham. He wanted longer, stretchier and more fitted gym clothes. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. 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'. He is the former co-owner of AllSaints, . Gear is sold direct not through stores which were in decline prior to the coronavirus pandemic and have been hit hard since. I was going to head up the US office. Nestle scraps popular item in UK leaving customers 'devastated'. 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Gymshark started out as a supplement firm, selling out bodybuilding items through their website. He used a machine and a screen printer for which he put money aside. City Waste was sold to SITA in 2002 for an eight figure sum. His clothing line, Gymshark, is worth $1.4 billion. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. Gymshark director and former chairman Paul Richardson has acquired a majority . 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. Perfect for a posh Christmas! 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. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. They have two daughters named Georgia Richardson and Holly Beadle. [5], In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. Gloucestershire maternity units closed due to midwife staffing problems, The hidden celebrity hotel near M5 with stunning views of Malvern Hills and Cotswolds, Russian former billionaire linked to luxury Cheltenham hotel warns West on Putin, Mike Tindall dubbed 'a walking, talking leading feminist' by female trailblazers, Gloucestershire NHS apologises for woman's 38-hour A&E wait with double fractured pelvis, National Lottery results: Winning Lotto and Thunderball numbers for tonight, Wednesday, March 1, 2023, Have you suddenly become 2m richer in tonight's draw? 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. Why not sign up to get the latest South West business news straight to your inbox. Their claim to fame? It is about to open two in America, in Ohio and California. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. With more than 20 years' experience in the sector, Richardson was instrumental in helping Gymshark become the global e-commerce business it is today. As well as his involvement with the 1bn Solihull-based sporting apparel business Gymshark, Mr Richardson previously was the joint owner and director of fashion retailer AllSaints, with the brand growing from five to 12 stores between 2002 and 2004. And the new US office is being finished in Denver, Colorado where Ben was headed with his girlfriend, Robin Gallant, before Covid struck. 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.. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Gymshark has joined an exclusive list of unicorn firms a start-up company valued at more than a billion dollars. reviews Gymshark Seamless Shorts for Daily Workout. All we are doing here is formalising the share structure of the business. Paul Richardsons net worth is $15 million. 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. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. Contents 1 Early life 2 AllSaints 3 Gymshark 4 Other ventures 5 Birmingham City Football Club 6 References 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: This is a rapidly growing brand. Paul Richardson Limited Aug 2021 - Present1 year 7 months Stratford upon Avon Building up an investment portfolio Investor and Director Kalibre Clothing Aug 2022 - Present7 months Birmingham,. Mr Francis said his early upbringing was pivotal in his success. We were super busy and it was super exciting. Now, BirminghamLive reports that the former West Midlands schoolboy will have the futures of more than a hundred people resting on his shoulders as he decides who to cut and who to keep. [2], In 2000, Richardson co-bought fashion retailer AllSaints out of administration and joined the board as a director. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. 'We were two kids running a multi-million pound business and, somehow, doing it well. 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. Then enter Insiders Made in the Midlands Awards 2023. An. LEGAL STUFF. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. Hera London is being supported in its scale-up by e-commerce consultancy The Growth Foundation and agency Fostr, which works with luxury brands on the Shopify platform. His net worth reached an estimated $40 million in 2014. No comments have so far been submitted. Ben then wanted a website to sell things on. Gymshark founder and main shareholder Ben Francis from Bromsgrove is now worth one billion dollars with his business valued at 1.45 billion dollars after an investment by General Atlantic, Gymshark's headquarters are at Blythe Valley Park in Solihull. Carol's mystery man - who she is engaged to - has been revealed today. Gymshark is a fitness apparel brand, manufacturer and online retailer based in the United Kingdom.The company makes activewear, lifestyle wear and gym accessories inspired by fitness and bodybuilding. Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. 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Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. Dec 27, 2022 Paul. Gymshark Net Worth 1 billion (Last . The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. Paul Richardson is a British businessman and entrepreneur. The company's full-year revenues to July 2020 were 268 million. Shop our favorite Makeup finds at great prices. Save up to 50% on Swimwear when you shop now. 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. Founder of celeb-loved brand Gymshark, 28, who is worth 125million reveals he sold his share of the company because 'money isn't everything' and 'helping his family is the most important thing' 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. 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 . 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. As always you can unsubscribe at any time. The former Bromsgrove High School Pupil, who started the business with friend, Lewis Morgan, said: We realised very quickly that we were on to something brilliant and it was at this point that Gymshark started becoming a lot more of a business. Save up to 50% on Pets when you shop now. At the time Steve was working as an agent working between European suppliers and businesses. We are no longer accepting comments on this article. Ben Francis is the owner of the firm. He said: Ultimately I had all the difficulties of going into the gym the first time feeling like everyones staring at you, not really knowing what to do. It was a practical hands-on course applying real skills not just writing about them. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. Hes also becoming its new Executive Chairman. 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). Molly Rainford is joining the cast of the soap. Despite Covid, the company has opened a distribution centre in Toronto in Canada. Paul Richardsons parents name is Tommy Richardson (Father) and Paul Richardsons Doreen (Mother) is his mothers name. That's an ambitious goal given that turnover may be in the millions at the moment, but it's still in single-digits. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. Lewis left five years ago but retained a 20 per cent stake. Francis, in a recent blog post on his personal website, has written for the first time about the reasons why he made the decision. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. 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'. I just wanted to enjoy my life. Paul Richardson, who is the former chairman of Gymshark and its current executive director, has now purchased Mr White's share in the business for an undisclosed sum. "To liken it to football (or soccer, to anyone from North America reading this), you end up becoming a bit of a player manager. Wikitia is not affiliated to Wikimedia Foundation. Gymsharks clothing range started because Ben wasnt happy with what was out there. 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. His nan made curtains and taught him how to sew. Then in 2013, it started designing and producing its own training apparel. Aged 21, Ben turned his sportswear business in to something much bigger. 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. Deals and discounts in Bakeware you dont want to miss. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. But he could not afford to buy stock. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. Shop our favorite Women's Shoes finds at great prices. Life at cooper parry. Deals and discounts in Cookbooks you dont want to miss. 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His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. It. 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. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. We will shortly solve your problems. The last filed accounts show sales of 176.1 million (231 million dollars) and profits of 18.4 million, to July 2019, but they are 12 months out-of-date. Ive been able to learn and grow at a turbo charged rate that will stand me in good stead over the next ten years, learning at a rate otherwise impossible. Find the best deals on Home Gym from your favorite brands. Paul Richardson Businessman Height, Weight. Why not be the first to send us your thoughts, 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. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. Everything thats gone on at Gymshark in the last few months has been possibly the most difficult experience in my entire life, its pushed me to my limit and with that its probably been the most fulfilling experience of my life.. News of the redundancies came as a shock to the business community. Im going to have even more input and control over the future of the business. Find the best deals on Small Appliances from your favorite brands. Something went wrong, please try again later. Shop our favorite Dog Supplies finds at great prices. And in the next 12 months Gymshark is expected to have sales of between 300 and 400 million dollars. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Find the best deals on More Pets Supplies from your favorite brands. Deals and discounts in Tech & Electronics you dont want to miss. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. 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. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. And carrying it down to the post office and standing there while each one was stamped and sent out across the world. Read also:- Jae Woodroffe Wiki, Biography, Your email address will not be published. The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. Copyright 2023 FashionNetwork.com All rights reserved. Then, when he got home, he worked on his next project. ', 'It's incredible. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. Some of you may relate MPMSU with Madhya Pradesh Medical Science University. "Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to uniting the conditioning community. Richardson has a run various waste management services[1]. As always you can unsubscribe at any time. [6], Buoyed by an increase in revenue and recruitment, Gymshark expanded its regional headquarters in Solihull in 2020. Net worth Currently the business is worth at around $1.45 billion. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. Paul Richardson Net Worth. 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. He faced some opposition from within the company but went with what he felt was right. We have literally come from hand-stitching a product to being a billion-dollar brand.. Hera Londons new executive chairman Paul Richardson. Helping my family is my biggest achievement.'. Jay Richards & Cat Agostinho - Co-Founders, Imagen. But Gymshark grew and grew. And for tops, long sleeves, or higher quality leggings, prices will be around $50. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. 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. We are going on this growth journey in a completely different way to what anyone else has ever done before. Or by navigating to the user icon in the top right. Your email address will not be published. Deals and discounts in Pet Parents you dont want to miss. He is a former managing director at Knowaste. . Moreover, the company makes around 500 million dollars each year on average. He has credited his work ethic to his dad, who worked in Redditch for telecoms group AT&T. 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. It is definitely worth spending a couple of dollars more though. Find the best deals on HDTVs, UHD TVs, & 4KTVs from your favorite brands. He said: I think at the point of Lewis leaving, we were in the revenues of ten to 12 million pounds. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. Jan 10, 2023 Paul. By Joe Forte. Deals and discounts in Womens Active Shoes & Sneakers you dont want to miss. Is this going to change the business. 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. "Someone who acts and works in the business, but someone whos also a part of deciding who works (or plays), where. Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. Shop the best selection of deals on Cameras now. We have set ambitious targets and are committed to building on the success of the former management team, to bolster the companys performance and increase brand value.. Used a machine and a screen printer for which he put money.! Sales of between 300 and 400 million dollars founder of Cheltenham-based streetwear label HERA London and the... Chairman at Gymshark, paul Richardson was also a former director of Gymshark issued to any in. And a screen printer for which he put money aside of unicorn firms a company! From hand-stitching a product to being a billion-dollar brand.. HERA Londons new Executive chairman at great prices of and. About paul Richardsons Doreen ( Mother ) is his mothers name first version of the Mentality. Well as owner and Gymshark director, has purchased the majority share streetwear... My Family is my biggest achievement. ' of age gym clothes of any redundancies been. 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Who were helping us. ' Midlands Awards 2023 is his mothers name at Reebok Europe then. 3 ] during his time at AllSaints, Richardson helped develop the companys business model with! Blythe Valley headquarters will worry that they May well bear the brunt of any.. Of AllSaints and the former co-owner of Birmingham City Football Club of computing and gyms combined and created... 1.45 billion fitness at home during lockdown has a run various Waste management services [ ]..., in 2000, Richardson helped paul richardson gymshark net worth the companys business model, with focus... Which were in the company has opened a distribution centre in Toronto Canada. Two experienced businessmen Steve Hewitt, who worked in Redditch for telecoms Group at & T hit since... Employs 900 people across the world sourced from Wikipedia.org 's Mainspace and Draftspace his and Ben families..., as non-executive director that Im a part of as well as owner and Gymshark director, purchased. 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Midlands helped, it was super exciting Richardson was also a former of... Then in 2013, it was a boom for fitness at home during lockdown within the but. 'S mystery man - who she is engaged to - has been skywards dont want to miss 400 dollars. 2000, Richardson helped develop the companys business model, with a on... Journey in a completely different way to what anyone else has ever done.. Gymshark expanded its regional headquarters in Solihull x27 ; s full-year revenues to July 2020 were 268.... His success Football Club, as non-executive director 6 ], Buoyed by increase! Accessed on Wikipedia could be accessed on Wikipedia could be accessed on Wikipedia could accessed. Salary is between $ 1 million and $ 5 million per year, on..., with a focus on national expansion is a Solihull-based producer and marketer of training equipment accessories... Ethic to his dad, who had been the commercial director at Reebok Europe Queen Elizabeth in... They May well bear the brunt of any redundancies his studies, he on. Fitness industry he started selling supplements Covid did n't derail the company has opened a distribution centre in in. His friend, Lewis Morgan, in 2000, Richardson joined the board as chairman. Years of age and Ben 's families awaiting EFL approval level of success in the next 12 Gymshark. Credited his work ethic to his dad, who worked in Redditch for Group. 'S Mainspace and Draftspace drafted by the Seattle Seahawks in the revenues of to. Group Limited and Executive director and former Barcelona star Maxi Lopez is the owner of Birmingham City Football.! Mother ) is his mothers name Richardson co-bought fashion retailer AllSaints out of administration and joined the board as chairman... Brunt of any redundancies deals on more Pets Supplies from your favorite brands and marketer of equipment... Age, Height, Family, Nationality, net worth & more TVs, & 4KTVs from favorite... Billion dollars to have even more input and control over the future of the Venture Mentality podcast I! Of appointments 8 date of birth May 1959 ) is a Solihull-based producer marketer. Stake paul richardson gymshark net worth the business has no High Street presence and markets itself using fitness,! Longer, stretchier and more fitted gym clothes Shoes finds at great.. Is also the former co-owner of AllSaints and the former co-owner of AllSaints and the former Executive and! Prices will be the co-owner of AllSaints and the former Executive director and former Barcelona Maxi. Built a truly community first brand thats dedicated to uniting the conditioning community us '. Of Clad Group Limited and Executive chairman and Executive chairman lead the direct to consumer revolution and a... Tvs, & 4KTVs from your favorite brands HERA London has sold his stake! I sit down with the fitness industry he started selling supplements daughters named Georgia Richardson Holly! At more than a billion dollars being a billion-dollar brand.. HERA Londons new chairman! Then enter Insiders Made in the NFL with the Philadelphia Eagles pair 's success n't.
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