Gymshark is a Solihull-based producer and marketer of training equipment and accessories. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. In 2022, the firm was valued more than £1 billion. Ben Francis is the owner of the firm.
|Legal Trade Name||Gymshark|
|Type of Company||Solihull-based producer and marketer of training equipment and accessories|
|Initial Products||Apparel accessories and sports equipment|
|Founded by||Lewis Morgan and Ben Francis|
|Place of the First Store||Covent Garden, West End London, UK|
|Number of Employees||850|
|Gymshark Net Worth||£1 billion (Last Updated 2022)|
Gymshark Company History
Gymshark was founded in 2012 by two high school friends, Lewis Morgan and Ben Francis. They launched the company when they were both nineteen years old and were in university. Ben was still a student at Aston University when he worked as a Pizza Hut delivery guy to launch the company.
Gymshark started out as a supplement firm, selling out bodybuilding items through their website. Then in 2013, it started designing and producing its own training apparel. Francis first stitched the garments in his parent’s garage. He used a machine and a screen printer for which he put money aside. During its first year, Gymshark generated £500 in sales per day.
Ben Francis Net Worth
Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. He has a net worth of more than £700 million
Ben started Gymshark while he was studying at Aston University and was just 19 years of age. He funded his Gymshark business by working as a pizza guy along with his full-time studies.
In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. These aspects include designs that really are unique, creative work, and customer-centric approach.
Gymshark has become the United Kingdom’s first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic.