Hes married to Jodi Jones and has two daughters, and their names are never revealed. 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. In fact, the show was created by Dustin Hurts and Paul Richardson wouldnt have done the show without the other actor. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. October 22, 2021. The deal has given Francis, a former pizza delivery guy from a small English town and 2018 Forbes 30 Under 30 alum, some serious doughForbes estimates his remaining Gymshark stake is worth more . Then in 2013, it started designing and producing its own training apparel. Mr Francis said his early upbringing was pivotal in his success. Copyright 2023 FashionNetwork.com All rights reserved. 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. Paul Richardson will oversee the brand's growth. 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. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. ", View all Midlands newsView more Midlands Business news, Clade Group / Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Save up to 50% on Skin Care when you shop now. An. 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. Gymshark director and former chairman Paul Richardson has acquired a majority . "Someone who acts and works in the business, but someone whos also a part of deciding who works (or plays), where. Save up to 50% on Women's Clothing when you shop now. 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. Deals and discounts in Tech & Electronics you dont want to miss. Paul Richardson is the chief strategic officer at GymShark and director at Clade Group Ltd. If you have any problems or questions related to any matter, you may directly contact us at mpmsunews@gmail.com. Wikitia is not affiliated to Wikimedia Foundation. Nestle scraps popular item in UK leaving customers 'devastated'. 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. 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. These are the best Home Audio deals youll find online. -. Me and Robin were going to move out there. 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? He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. He funded his Gymshark business by working as a pizza guy along with his full-time studies. In this blog. Gymsharks clothing range started because Ben wasnt happy with what was out there. T: 0121 214 6562 Theres been a reorganisation. Save up to 50% on Maternity Clothing when you shop now. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. That was 2012. Paul Richardson's salary as a Football Player is between $1 million to $5 million. He applied that structure to turning his academic life around. Role . Im going to have even more input and control over the future of the business. We had amazing people around us who were helping us.'. Emily Hawkins. During its first year, Gymshark generated 500 in sales per day. The marital status of Paul Richardson is married to Jodi Jones. Richardsons career as an NFL player has been a roller coaster ride. Published: 09:17 EST, 13 October 2020 | Updated: 09:55 EST, 13 October 2020. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. 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. 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. Last year's Sunday Times Rich List put his worth at 700 million. READ MORE:Gloucestershire maternity units closed due to midwife staffing problems. LEGAL STUFF. 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. Then Covid got in the way and thats been delayed until further notice. 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. 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. 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. He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Life at cooper parry. Shop the best selection of deals on Cat Supplies now. 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A company can earn from different criteria. Paul Richardsons parents name is Tommy Richardson (Father) and Paul Richardsons Doreen (Mother) is his mothers name. 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. James Hyde - Founder & CEO, James and James. 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. 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Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Former Watford owner Laurence Bassini was expected to complete a takeover, and had been given a deadline of . 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. In high school, Richardson was a star athlete. Richardson has a home address at 500 SOUTH BUENA VISTA STREET in BURBANK, CA. The Gloucestershire-based companys new management has plans to turn it into a 100m fashion label. 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. He joined a gym which he found intimidating but learnt from YouTubers to get results. His net worth reached an estimated $40 million in 2014. "Im proud of my decision, and proud of the team that Im a part of. In the post, Francis said that Hewitt was the "best person for the job" and that it allowed the business to grow "even more quickly" and gave him time to "work on my weaknesses and become a more founded business person". Shop the best selection of deals on Tools & Utensils now. He used a machine and a screen printer for which he put money aside. For those who haven't heard of Gymshark before, here's the gist: it's a UK-based activewear company that specialises in gym wear (duh) for both men and women, and they've also expanded into the athleisure, running, and yoga markets. We will shortly solve your problems. Lounge Underwear Webcast. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. The Gymshark story is amazing. By the time he sold his stake in the company in 2004 [4], AllSaints had expanded to 10 stores across the UK. Paul Richardsons net worth is based on the size of his Yeezy business. Lewis left five years ago but retained a 20 per cent stake. Paul Richardson Businessman Height, Weight. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. But Gymshark grew and grew. 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. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. Dec 27, 2022 Paul. 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. 'We were fed and we were given a free space to work. 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. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. Why not sign up to get the latest South West business news straight to your inbox. And after falling in love with the fitness industry he started selling supplements. 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. Download our app on iPhone or Android. 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. The sportswear company itself is said to be valued at . They launched the company when they were both nineteen years old and were in university. Ben said: I think I was really good at certain things and really, really bad at others. In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. Paul Richardsons net worth is a mystery to many. His estimated net worth is $6,5 million. Read on to learn more about Richardsons net worth. [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. His net worth is likely higher than this, but we dont know how much. But how did Ben go from sewing and hand-stitching gym clothes in his parents garage to turning the company in to a company worth 1 billion or 1.45 billion dollars? Sign up to the Gloucestershire / Herefordshire daily newsletter today right here. Richardson has a run various waste management services[1]. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. Absolutely not. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. A 28-year-old former pizza delivery boy has done a deal which values his sportswear company at more than 1bn. Last Updated on 20th May 2022. Save up to 50% on Trending when you shop now. But he could not afford to buy stock. 19th Jul 2022, 12:06pm. If you have any doubt related to. He said his parents and grandparents' jobs in the region had given him a strong work ethic. Deals and discounts in Womens Active Shoes & Sneakers you dont want to miss. or debate this issue live on our message boards. ', 'It's incredible. 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 . Ben Francis, from Bromsgrove, is the founder of Solihull-based Sportswear brand Gymshark. 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. [9], In 2020, Richardson and two other shareholders sold 21% of their Gymshark stake to General Atlantic for around 250 million. 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 . In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. "Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to uniting the conditioning community. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. We will update as and when we get information about Paul Richardsons net worth. He is a former managing director at Knowaste. 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. Paul Richardson is a British businessman and entrepreneur. 'We were two kids running a multi-million pound business and, somehow, doing it well. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. Deals and discounts in Pet Parents you dont want to miss. Last year's Sunday Times Rich List put his worth at 700 million. After two exhausting years of this - with annual revenues of his nascent business hitting an impressive 250,000 - Ben quit both university and the world of pizzas to focus on his company.. [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. The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. We started to hire staff and started to build out a more formal process.. 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. And control over the future of the business 500 SOUTH BUENA VISTA STREET in BURBANK, CA sales... Really good at certain things and really, really bad at others company is! 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