He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. I was going to head up the US office. How Ben Francis started Gymshark now valued at $1.45 BILLION A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing. But Richardson does have a good track record. Find the best deals on Women's Handbags & Wallets from your favorite brands. 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Richardson has a home address at 500 SOUTH BUENA VISTA STREET in BURBANK, CA. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. "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? Home - Company - Gymshark Net Worth, Ben Francis Net Worth (Updated). 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. The one negative is that the program costs much more than other similar programs. Gear is sold direct not through stores which were in decline prior to the coronavirus pandemic and have been hit hard since. 19th Jul 2022, 12:06pm. Or by navigating to the user icon in the top right. 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. 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. Molly Rainford is joining the cast of the soap. Shop our favorite Women's Shoes finds at great prices. LANDLORD. 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. 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. Online retailer Hera London, despite its name, is headquartered in Cheltenham and was founded by local entrepreneur Ash White in 2015. Why not sign up to get the latest South West business news straight to your inbox. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. His net worth is likely higher than this, but we dont know how much. "Someone who acts and works in the business, but someone whos also a part of deciding who works (or plays), where. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. It took six weeks to get his first sale. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. The former Aston University student said his Midland background had made him laid back and had helped him develop his cult label. If you have any doubt related to. 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. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. The official website for that ishttps://www.mpmsu.edu.in/. Hes also becoming its new Executive Chairman. As he couldnt find any he decided to make them. Paul Richardson Sr. (born 1969), American football player Paul Richardson (American football) (born 1992), American football player, and son of the above Paul Richardson (organist) (1932-2006), home field organist for the Philadelphia Phillies, 1970-2005 Paul Richardson (priest) (born 1947), British Roman Catholic priest and former Anglican bishop Sign up to the Gloucestershire / Herefordshire daily newsletter today right here. Shop our favorite Dog Supplies finds at great prices. These are the best Home Audio deals youll find online. 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. Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. This article "Paul Richardson (Businessman)" is from Wikipedia. Discussing how he started the business, which is now loved by celebs, 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'. Hera London will continue to operate from its Cheltenham office on Clarence Parade, where it designs and develops products, before shipping directly to customers from its online e-commerce store. Now he has signed a deal with General Atlantic he is targeting taking the Gymshark brand to North America and to the lucrative Asia Pacific market. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. You then end up having to balance your time between day to day activities for the role youre working in, but you also have the inevitable founder and director responsibilities like understanding financials, business structures, managing risk, long term plans, attending board meetings and so on. When an order was placed with him his website would order from a supplier and they would supply the customer. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Shop our favorite Bath & Body finds at great prices. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. He is pictured with a property development. A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. It was a practical hands-on course applying real skills not just writing about them. ", "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. 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. In 2022, the firm was valued more than 1 billion. Gymshark has joined an exclusive list of unicorn firms a start-up company valued at more than a billion dollars. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. The actress reportedly rumbled Buchan and Farzard after they allegedly became close during the filming of the BBC thriller. Something went wrong, please try again later. We use cookies to make your experience better. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. By the time he sold his stake in the company in 2004 [4], AllSaints had expanded to 10 stores across the UK. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. Lounge Underwear Webcast. A lot of speculation has been made about his net worth, but if you do some research youll be able to determine the facts about Richardsons net worth. 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. 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 I am very proud to be in the position I am. Last year's Sunday Times Rich List put his worth at 700 million. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. 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. Who Are the Richest Soccer Players and What is Their Net Worth? The platform for Gymshark's global ambitions has been laid by Hewitt and executive chairman Paul Richardson, who joined during a difficult period for the business six years ago. 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.. 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. With that said, it will be hard to find something on Gymshark that will exceed around $50 - $60 apiece. 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. Richardson also has stakes in VERSACE Mens T-Shirts and BUYMA. He has a net worth of more than 700 million. The couple has two daughters. He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. Save up to 50% on Smart Home when you shop now. Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. It. 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. He listed as many supplements as he could on his website and drop shipped them. 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. Loose Women star, who welcomed Belle earlier this month and Rose on her 32nd birthday last October, posted the adorable snap on Instagram. Deals and discounts in Tablets you dont want to miss. Just last month, Ben announced that Gymshark is worth $1.45B. Raymond Taylor Net Worth 2022 How Rich is the Rapper? "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm Paul Richardson is the co-founder of Birmingham-based Gymshark and now has 'full control' of the Blues And Richardson spoke exclusively to talkSPORT about the details of his purchase of the. ", View all Midlands newsView more Midlands Business news, Clade Group / . Ben Francis is the owner of the firm. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. As part of the deal Mr Richardson will become Hera Londons executive chairman, overseeing the companys development strategy, while the business will be run by Mr Richardsons daughters, chief executive Holly Beadle and chief brand officer Georgia Richardson. Richardson has a run various waste management services[1]. Paul Richardson is a British businessman and entrepreneur. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects . Justin Harling - CEO, CAE Technology Services. The 28-year-old said he was never great at school but something clicked for him aged 17 when he took an IT class. 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. 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. It was a huge learning curve. Find the best deals on Kitchen from your favorite brands. 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. Gymshark started out as a supplement firm, selling out bodybuilding items through their website. He said: "When youre the founder and majority shareholder of a business, you end up becoming a weird amalgamation of a number of different roles. [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. Gymshark Chairman 2015 Related Hubs Recent News and Activity Number of News Articles 1 The fashion resale space is growing 11x faster than general fashion and will be 2x larger than fast fashion by 2030 and i wanted to be part of that revolution. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. The old playbook has been thrown out of the window. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. However, some people have estimated that Gymshark's net worth might really be more than that. Who knows where it will take us.. 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. Me and Robin were going to move out there. These are the best Small Pets Supplies deals youll find online. The company's full-year revenues to July 2020 were 268 million. 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It's been so important for us to have advisers around us that we can not only trust but that will also tell it like it is and Gateley has certainly proved itself to be one of those. Paul Richardsons net worth is $15 million. This means that we may include adverts from us and third parties based on our knowledge of you. Shop the best selection of deals on Cat Supplies now. This means that we may include adverts from us and third parties based on our knowledge of you. Gymshark /. Waitrose reveal its 2020 Not just any chip shop scraps! He made his first Super Bowl appearance with the . But, let us make it clear already. 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. Shop our favorite Makeup finds at great prices. In July 2022 Paul Richardson Maxi Lopez took over ownership of Birmingham City Football Club and was welcomed by the club as new owners. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. Type in the area above to perform a search. "Youll need to set your ego aside and ensure the business is always put first, and the people strongest for each role are in those roles.". 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. In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. 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. reviews Gymshark Seamless Shorts for Daily Workout. Lewis left five years ago but retained a 20 per cent stake. Gymshark was founded in 2012 by two high school friends, Lewis Morgan and Ben Francis. Net Worth Calculator Find your Exact Net Worth, Solihull-based producer and marketer of training equipment and accessories. Me and Robin were going to head up the us office of Age $ 50 - $ 60 apiece TelXL. Out bodybuilding items through Their website # x27 ; s full-year revenues to July were... Great at school but something clicked for him aged 17 when he took it... The top right on his website would order from a supplier and they would supply the customer said. Of Hera clothing in Cheltenham and was just 19 years of Age a one-way flight to,... On Kitchen from your favorite brands to Denver, Colorado Smart home when you now. 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