He is pictured with a property development. 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It was a practical hands-on course applying real skills not just writing about them. 'It was four years of mayhem. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. Lewis sold his 20 per cent share in Gymshark for 100 million. LANDLORD. But he could not afford to buy stock. 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[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. Using his mum's Hobbycraft sewing machine, the pair made the clothes in the garage of his family home in Bromsgrove. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. 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. Waitrose reveal its 2020 Not just any chip shop scraps! E: jon.robinson@newsco.com, Craig Dorham, Business Development Manager 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. 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show sales of 176.1 million (231 million dollars) and profits of 18.4 million, to July 2019, but they are 12 months out-of-date. 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. In July 2022 Paul Richardson Maxi Lopez took over ownership of Birmingham City Football Club and was welcomed by the club as new owners. Save up to 50% on Hair when you shop now. 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In 2011, Ben was a 19-year-old student at Birmingham's Aston University. Gymshark /. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. His contract was extended through the 1994 season. Paul Richardson is the owner and executive chairman of Hera Clothing. Gymshark was spawned from Mr Francis's personal desire for comfortable, stretchy fitness gear which fitted people of all sizes. 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. 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. In this episode, we discuss Paul's role with G Show Venture Mentality, Ep Paul Richardson- Gymshark Executive - Aug 18, 2020 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. 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.. 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. Online retailer Hera London, despite its name, is headquartered in Cheltenham and was founded by local entrepreneur Ash White in 2015. Paul Richardson is a British businessman and entrepreneur. . Who Are the Richest Soccer Players and What is Their Net Worth? Ben has increased his share from 67 to 70 per cent, Bens brother Joe has one per cent, with Mr Hewitt having four per cent and the rest of the leadership team the remaining shares. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Launched in 2015, Hera London became . Justin Harling - CEO, CAE Technology Services. 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, especially his mum Kim (pictured together). After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. The future looks bright for this talented athlete. Then in 2013, it started designing and producing its own training apparel. He applied that structure to turning his academic life around. Fewer than 25 UK companies have ever achieved it and only eight since 2001. When an order was placed with him his website would order from a supplier and they would supply the customer. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. The former Aston University student said his Midland background had made him laid back and had helped him develop his cult label. His business was valued at nearly 1.5 billion, Never miss the latest local news again by signing up to our Daily Newsletter. Paul RICHARDSON. 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). Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. He faced some opposition from within the company but went with what he felt was right. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. Then, when he got home, he worked on his next project. Gymshark - Worth the Money. Or by navigating to the user icon in the top right. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Aged 21, Ben turned his sportswear business in to something much bigger. That was 2012. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. 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. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. Paul Richardson started his career in 1992 and went on to become one of the most successful businessmen in the United Kingdom. He said: I think at the point of Lewis leaving, we were in the revenues of ten to 12 million pounds. Liven Family Net Worth 2022 How Rich is the Family? You may also leave a comment on any article on our website and we will contact you via email. Seamless leggings and leading the influencer marketing game (more on that later). Ben then wanted a website to sell things on. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. We have literally come from hand-stitching a product to being a billion-dollar brand.. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. 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. Ben said: This is a rapidly growing brand. James Hyde - Founder & CEO, James and James. 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'. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. Copyright 2023 FashionNetwork.com All rights reserved. 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 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. 19th Jul 2022, 12:06pm. 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. or debate this issue live on our message boards. Find the best deals on Fitness Nutrition from your favorite brands. 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. Ben Francis, from Bromsgrove, is the founder of Solihull-based Sportswear brand Gymshark. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. 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. Shop our favorite Makeup finds at great prices. 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. This explains the reason for the lack of public appearances. Here we discuss Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. He has credited his work ethic to his dad, who worked in Redditch for telecoms group AT&T. 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. And in the next 12 months Gymshark is expected to have sales of between 300 and 400 million dollars. Boom for fitness at home during lockdown was valued at nearly 1.5,! 2011, ben was a practical hands-on course applying real skills not just chip! 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