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. 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. [6], Buoyed by an increase in revenue and recruitment, Gymshark expanded its regional headquarters in Solihull in 2020. 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. 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.. Sign up to the Gloucestershire / Herefordshire daily newsletter today right here. Find the best deals on Small Appliances from your favorite brands. 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. 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. E: jon.robinson@newsco.com, Craig Dorham, Business Development Manager It. In 1992, Richardson founded City Waste. Mum's incredible proud. T: 0121 214 6562 Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. Nestle scraps popular item in UK leaving customers 'devastated'. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects . Copyright 2023 FashionNetwork.com All rights reserved. He was inactive for the final two games of the season. 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. Net worth Currently the business is worth at around $1.45 billion. Why not be the first to send us your thoughts, I was going to head up the US office. Paul Richardson Lives in Atherton, California Paul Richardson Paul Richardson System Senior Vice President, Engagement at CommonSpirit Health Lives in San Francisco, California Paul Richardson Paul Richardson Works at Time Warner Cable Sports Channel (Wisconsin) Lives in Sioux Falls, South Dakota Paul Richardson Richardson Paul Gymshark Chairman 2015 Related Hubs Recent News and Activity Number of News Articles 1 Shop the best selection of deals on Fitness now. 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. Paul Richardson Businessman Height, Weight. 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. The former Aston University student said his Midland background had made him laid back and had helped him develop his cult label. Hes also becoming its new Executive Chairman. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. The old playbook has been thrown out of the window. [16] The takeover is currently awaiting EFL approval. Save up to 50% on Maternity Clothing when you shop now. Loose Women star, who welcomed Belle earlier this month and Rose on her 32nd birthday last October, posted the adorable snap on Instagram. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. 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. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. 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. 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. [2], In 2000, Richardson co-bought fashion retailer AllSaints out of administration and joined the board as a director. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. The couple has two daughters. Who knows where it will take us.. 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'. Save my name, email, and website in this browser for the next time I comment. How does Gymshark earn money? His net worth reached an estimated $40 million in 2014. Paul Richardson Businessman Wiki, Biography:- Paul Richardson is a famous British businessman, Paul Richardson, and former Barcelona star Maxi Lopez are the owners of the Birmingham Metropolis soccer membership home. Role . But, let us make it clear already. The list of its authors can be seen in its historical. Theres been a reorganisation. Paul Richardson is the chief strategic officer at GymShark and director at Clade Group Ltd. Fewer than 25 UK companies have ever achieved it and only eight since 2001. Richardsons career as an NFL player has been a roller coaster ride. 'We were two kids running a multi-million pound business and, somehow, doing it well. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. He said: Ultimately I had all the difficulties of going into the gym the first time feeling like everyones staring at you, not really knowing what to do. We use cookies to make your experience better. We're incredibly close. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. This comes as no surprise after in February of this year owner Ash White tried to sell 10% of his equity which we stated at the time was likely down to the brand struggling financially with stock due to be paid for. This means that we may include adverts from us and third parties based on our knowledge of you. Richardson is 28 years old. or debate this issue live on our message boards. Save up to 50% on Hair when you shop now. He is pictured with a property development. Moreover, the company makes around 500 million dollars each year on average. As he couldnt find any he decided to make them. Perfect for a posh Christmas! Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the company's growth and international expansion, with his appointment alongside Steve Hewitt described by Francis as helping to revolutionise the business. . If anything you will see Gymshark is even more agile then ever. General Atlantic has bought a 21 per cent stake in the business. These are the best Home Audio deals youll find online. Deals and discounts in Bakeware you dont want to miss. At the time Steve was working as an agent working between European suppliers and businesses. [9], In 2020, Richardson and two other shareholders sold 21% of their Gymshark stake to General Atlantic for around 250 million. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. Deals and discounts in Pet Parents you dont want to miss. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. He made his first Super Bowl appearance with the . We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. Download our app on iPhone or Android. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. A university close to his favourite football team, Aston Villa! Gta 5 Net Worth 2022; Development, Controversial Issues and Awards, Lexie Spiranac Net Worth 2022; Biography, Wiki, Career (Updated). The future looks bright for this talented athlete. . And carrying it down to the post office and standing there while each one was stamped and sent out across the world. T: 0161 907 9743 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". That was 2012. Biography of Celebrities, News Information around the world. 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. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. 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. This means that we may include adverts from us and third parties based on our knowledge of you. He was born in Los Angeles and has twin brothers. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Deals and discounts in Cookware you dont want to miss. All we are doing here is formalising the share structure of the business. His estimated net worth is $6,5 million. Waitrose reveal its 2020 Not just any chip shop scraps! As always you can unsubscribe at any time. 'It was four years of mayhem. Save up to 50% on Skin Care when you shop now. 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' 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. This explains the reason for the lack of public appearances. Required fields are marked *. Paul Richardsons net worth is based on the size of his Yeezy business. Ben Francis is the owner of the firm. [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. Paul Richardson is a British businessman and entrepreneur. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. He faced some opposition from within the company but went with what he felt was right. 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. Helping my family is my biggest achievement.'. It comes after documents filed in March revealed the Solihull-headquartered Clade group achieved a turnover of 176.1 for the 12 months to 31 July 2019, up from 103m, and pre-tax profits of 18.4m, a rise from 17.5m. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. 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. Gymshark - Worth the Money. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Something went wrong, please try again later. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Fast forward just 7+ years - the company is now worth $1.45B USD. It was a practical hands-on course applying real skills not just writing about them. Find the best deals on Women's Jewelry from your favorite brands. Company details taken from Companies House. Paul Richardson's net worth is $15 million. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), The Top 5 Nutrient-rich Ingredients In Holle Baby Formula. 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. 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. Lewis Morgan (pictured) 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were teenagers and studying at business at Worcester University and Aston University in Birmingham. The couple has two daughters. LEGAL STUFF. Local businessman Paul Richardson says he and former Barcelona striker Maxi Lopez hope to complete a deal to buy Birmingham within the next three weeks. [13] Focusing on digital growth, Richardson has ambitions to grow the company to 100 million turnover by 2027.[14]. Ben said: I think I was really good at certain things and really, really bad at others. Emily Hawkins. Fruit and veg wholesaler blames shortage on supermarkets not paying 'fair price' for produce, Darren Cookson has up to increase his prices by as much as 50 per cent, Shoplifter banned from every Primark, Boots, Iceland and Wilko in area, Samantha Oldfield has been banned after she tried to leave a shop with candle sets and chocolates in her bag, Prince Harry and Meghan Markle break silence after Frogmore Cottage eviction, Prince Harry and Meghan Markle have been forced out from the Windsor property, BBC Strictly Come Dancing star joins EastEnders cast in new family. We have literally come from hand-stitching a product to being a billion-dollar brand.. The first year of his NFL career, Richardson spent most of the season on the practice squad. [7] Later in the year, the company secured investment from private equity firm General Atlantic. By using our services, you agree to our use of cookies. It is definitely worth spending a couple of dollars more though. We are going on this growth journey in a completely different way to what anyone else has ever done before. Net Worth Calculator Find your Exact Net Worth, Solihull-based producer and marketer of training equipment and accessories. Get all the stories you love straight to your inbox. People have said - Is Ben selling out? Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. ALPHA WASTECARE LIMITED (04160904) Company status Dissolved Correspondence address 363 Park Road, Hockley, Birmingham, West Midlands, B18 5JA. 19th Jul 2022, 12:06pm. Gymshark was spawned from Mr Francis's personal desire for comfortable, stretchy fitness gear which fitted people of all sizes. He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. President at Novest LLC. 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.. Pupils take to TikTok as they stage protest at Shenfield High School, Police: Urgent search for Constance Marten's missing baby, Shocking video shows machete fight in broad daylight, Gabor Mat: No Jewish state without oppressing local population, Putin spy plane before being 'destroyed by pro-Ukraine Belarus group', Amplified jet stream could lead to 'disruptive snow in places', King Charles hosts von der Leyen at Windsor Castle, Putin orders intelligence service to find 'scum' who oppose him, Moment supermarket cashier is attacked at work in New York, Police search allotment sheds for Constance Marten's missing baby, Huge urgent police search for missing baby of Constance Marten, Dashcam captures moment two cars collide on a roundabout, 'I'm worth 125m at 28 - but I'm just proud I can look after my mum' - Mirror Online. The Gymshark company really provides a nice workout with a few great features. 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