Paul Richardson, who is the former chairman of Gymshark and its current executive director, has now purchased Mr Whites share in the business for an undisclosed sum. Mum's incredible proud. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. Waitrose reveal its 2020 Not just any chip shop scraps! It took six weeks to get his first sale. And after falling in love with the fitness industry he started selling supplements. 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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Or by navigating to the user icon in the top right. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Deals and discounts in Cookware you dont want to miss. Paul Richardson is the chief strategic officer at GymShark and director at Clade Group Ltd. 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. Paul Richardsons net worth is a mystery to many. But, let us make it clear already. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. Wikitia is not affiliated to Wikimedia Foundation. A university close to his favourite football team, Aston Villa! Read on to learn more about Richardsons net worth. But Richardson does have a good track record. 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. By Joe Forte. 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. According to Forbes, in 2020, Gymshark became a brand of 1.3 billion dollars. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Ben Francis built his net worth through his love for business and the fitness industry. 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. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. 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. For clothing pieces, such as shorts and leggings, the prices are typically between $15 - $30. 19th Jul 2022, 12:06pm. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. These are the best Kitchen Linens deals youll find online. Save up to 50% on Smart Home when you shop now. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Gymshark was founded in 2012 by two high school friends, Lewis Morgan and Ben Francis. ", "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. As always you can unsubscribe at any time. 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. Or by navigating to the user icon in the top right. 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". Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. These are the best Small Pets Supplies deals youll find online. It was a huge learning curve. Jon Robinson, Senior Digital Staff Writer With that said, it will be hard to find something on Gymshark that will exceed around $50 - $60 apiece. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. Richardson is 28 years old. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Deals and discounts in Pet Parents you dont want to miss. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. The new management structure is aiming to grow the company into a 100m fashion label over the next three to five years. He said: I think at the point of Lewis leaving, we were in the revenues of ten to 12 million pounds. Paul Richardson Businessman Height, Weight. He was born in Los Angeles and has twin brothers. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. 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. 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. Daniel Ek Wife, Children, Age, Family, Height, Net worth, Nationality & More, Giancarlo Granda Wiki, Biography, Age, Height, Parents, Siblings, Wife, Ethnicity, Net Worth & More, Stephanie Pomboy Wiki, Biography, Age, Height, Parents, Husband, Net Worth, Ethnicity & More, DGCA seeks report, Go First flight forgets 50 passengers in the bus, BSSC CGL Admit Card Download, Exam Date, Download Bihar CGL Call Letter, Pawan Kumar Chandana Biography, Wiki, Age, Height, Family, Relationship, Net Worth & More, Shanaya Khan biography, Wiki, Age, Height, Family, Relationship, Net Worth & More, Daniel Guichard Age, Bio, Zodiac sign, Height, Family, Relationship, Net worth & More. Contents 1 Early life 2 AllSaints 3 Gymshark 4 Other ventures 5 Birmingham City Football Club 6 References E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. Are you a Midlands manufacturer with a product or project to shout about and a great story to tell? Save up to 50% on Pets when you shop now. Launched in 2015, Hera London became . We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Hera aims to grow into a 100 million label over the next three to five years. Shop the best selection of deals on Cat Supplies now. Shop our favorite Bath & Body finds at great prices. Molly Rainford is joining the cast of the soap. READ MORE:Gloucestershire maternity units closed due to midwife staffing problems. He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. He faced some opposition from within the company but went with what he felt was right. Gymshark Chairman 2015 Related Hubs Recent News and Activity Number of News Articles 1 They launched the company when they were both nineteen years old and were in university. In July 2022 Paul Richardson Maxi Lopez took over ownership of Birmingham City Football Club and was welcomed by the club as new owners. 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. Prior to that, he was a joint owner and Director of AllSaints, expanding the brand from five to 12 stores between 2002 and 2004. Fast forward just 7+ years - the company is now worth $1.45B USD. Nestle scraps popular item in UK leaving customers 'devastated'. Last year's Sunday Times Rich List put his worth at 700 million. [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. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. 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. It. Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. MAKING TAX DIGITAL. Some of you may relate MPMSU with Madhya Pradesh Medical Science University. Results will appear on the next page. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. 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). He has a net worth of more than 700 million. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. 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 . 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.. Founder of celeb-loved brand Gymshark, 28, who is worth 125million reveals he sold his share of the company because 'money isn't everything' and 'helping his family is the most important thing' 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. Type in the area above to perform a search. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. 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. Just last month, Ben announced that Gymshark is worth $1.45B. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds and Birmingham. Paul has been around Gymshark since it's early days in 2013 and now has seen it turn into the $1.4 billion dollar brand that is today. The business is currently working with almost 300 charity shops, enabling them to sell premium preloved fashion online. Shop the best selection of deals on Fitness now. [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. We started to hire staff and started to build out a more formal process.. ITV Emmerdale's Amy Nuttall 'crying every day' after husband Andrew Buchan leaves her for co-star, Buchan has reportedly left her for BBC Better co-star Leila Farzad, 40, ITV Emmerdales Amy Nuttall rumbled husband Andrew Buchan and BBC Better co-star Leila Farzad's romance by lingerie. ", View all Midlands newsView more Midlands Business news, Clade Group / We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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? Shop the best selection of deals on Laptops now. Ben took a small margin. Save up to 50% on Women's Clothing when you shop now. Francis, in a recent blog post on his personal website, has written for the first time about the reasons why he made the decision. Creative Commons Attribution-ShareAlike. This means that we may include adverts from us and third parties based on our knowledge of you. He was inactive for the final two games of the season. Net worth Currently the business is worth at around $1.45 billion. Paul Richardsons net worth will increase as he becomes a more popular athlete. He graduated from high school with honors. 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 . October 22, 2021. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. 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He used a machine and a screen printer for which he put money aside. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Jay Richards & Cat Agostinho - Co-Founders, Imagen. It has offices in Denver in the United States, Hong Kong, Mauritius, London and a huge campus at Blythe Valley Business Park in Solihull. He went to a body building expo and showcased his gear. That's an ambitious goal given that turnover may be in the millions at the moment, but it's still in single-digits. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. Company details taken from Companies House. 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As he couldnt find any he decided to make them. Sahar Nazir. Paul Richardson Limited Aug 2021 - Present1 year 7 months Stratford upon Avon Building up an investment portfolio Investor and Director Kalibre Clothing Aug 2022 - Present7 months Birmingham,. 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 The consortium were reportedly competing. 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. A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing it at a cool 1.45 billion dollars. Im going to have even more input and control over the future of the business. His business was valued at nearly 1.5 billion, Never miss the latest local news again by signing up to our Daily Newsletter. Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. His wifes name is Jodi Jones. Paul was a local business person that I met at the gym. 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. 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. 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). Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. 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. Gymshark' sells its products directly to consumers in 180 countries via websites in 13 languages. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. His nan made curtains and taught him how to sew. The founder of online athleisure juggernaut Gymshark has revealed how he stepped back from the billion pound empire he started aged 19 - as 'money isn't everything' and 'he wanted time with loved ones'. [6], Buoyed by an increase in revenue and recruitment, Gymshark expanded its regional headquarters in Solihull in 2020. While Paul Richardson's net worth has grown exponentially, it is difficult to determine whether it's based on his success on the field or on his success as an individual. Who Are the Richest Soccer Players and What is Their Net Worth? Paul has been around Gymshark since it's early days in 2013 and now has seen it turn into the $1.4 billion dollar brand that is today. Something went wrong, please try again later. Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. Find the best deals on HDTVs, UHD TVs, & 4KTVs from your favorite brands. Shop the best selection of deals on Cameras now. 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. Lewis left five years ago but retained a 20 per cent stake. Published: 09:17 EST, 13 October 2020 | Updated: 09:55 EST, 13 October 2020. Gymshark /. His net worth reached an estimated $40 million in 2014. The couple has two daughters. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. 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. He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. Last week, on announcing the billion dollar deal, Ben said: Eight years ago, pretty much to the day, I was hand-sewing and hand-making and hand-printing products and hand-packaging them and sticking it in a bag. Biography of Celebrities, News Information around the world. His clothing line, Gymshark, is worth $1.4 billion. Here we discuss Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. But Gymshark grew and grew. Richardson also has stakes in VERSACE Mens T-Shirts and BUYMA. Inclusivity is super-important, he said. The couple has two daughters. People havent been in this situation before. In fact, the show was created by Dustin Hurts and Paul Richardson wouldnt have done the show without the other actor. 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