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. 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. Perfect for a posh Christmas! He graduated from high school with honors. Deals and discounts in Tech & Electronics you dont want to miss. He made his first Super Bowl appearance with the . 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. Shop the best selection of deals on Laptops now. 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. Save up to 50% on Women's Clothing when you shop now. 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. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. These are the best Fashion deals youll find online. Why not be the first to send us your thoughts, As always you can unsubscribe at any time. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. 19th Jul 2022, 12:06pm. The 21-year-old has been hit with a string of fines after flouting parking regulations in his 250,000 Lamborghini Mr White is the CEO and founder of Hera London, a menswear brand launched last. Seamless leggings and leading the influencer marketing game (more on that later). Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. 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.. 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show sales of 176.1 million (231 million dollars) and profits of 18.4 million, to July 2019, but they are 12 months out-of-date. He is a former managing director at Knowaste. 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. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. . During his studies, he built the first version of the "Gymshark" website, establishing the brand online. Ex-pizza delivery driver, 28, who started a gym clothing firm from his parents' garage it set to become Britain's richest self-made person under 30 with a business worth more than 1billion Ben. 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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Shop the best selection of deals on Cat Supplies now. Want our best stories with fewer ads and alerts when the biggest news stories drop? Results will appear on the next page. Hes also becoming its new Executive Chairman. We were super busy and it was super exciting. The business is currently working with almost 300 charity shops, enabling them to sell premium preloved fashion online. 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. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. 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. Ben said he's happy for larger women to wear his clothes: I dont think its particularly divisive to say fitness should be for everyone. They have two daughters named Georgia Richardson and Holly Beadle. The future looks bright for this talented athlete. It is about to open two in America, in Ohio and California. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. Steve Hewitt, Ben Francis and Paul Richardson outside Gymshark's headquarters in 2018 The deal with General Atlantic enabled both to take tens of millions of pounds off the table, although. His father played in the NFL with the Philadelphia Eagles. 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. Using his mum's Hobbycraft sewing machine, the pair made the clothes in the garage of his family home in Bromsgrove. Paul Richardsons net worth is based on the size of his Yeezy business. 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Deals and discounts in Cookware you dont want to miss. It. The actress reportedly rumbled Buchan and Farzard after they allegedly became close during the filming of the BBC thriller. His wifes name is Jodi Jones. In 2022, the firm was valued more than 1 billion. He is the former co-owner of AllSaints, . Find the best deals on Fitness Nutrition from your favorite brands. MAKING TAX DIGITAL. City Waste was sold to SITA in 2002 for an eight figure sum. 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. 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. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. Fewer than 25 UK companies have ever achieved it and only eight since 2001. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Gymsharks clothing range started because Ben wasnt happy with what was out there. 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. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. reviews Gymshark Seamless Shorts for Daily Workout. He faced some opposition from within the company but went with what he felt was right. 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. We started to hire staff and started to build out a more formal process.. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. The consortium were reportedly competing. We are going on this growth journey in a completely different way to what anyone else has ever done before. Well have some cows, its a nice part of the world," he said. Discussing how he started the business, 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'. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. Now we are well in to the 300 plus million dollars, 250, 260 million last year [2019/20]. When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. 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