"To liken it to football (or soccer, to anyone from North America reading this), you end up becoming a bit of a player manager. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera - YouTube ENGLAND Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera 1. In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. Deals and discounts in Bakeware you dont want to miss. He added: "It was definitely the right decision. Want our best stories with fewer ads and alerts when the biggest news stories drop? News of the redundancies came as a shock to the business community. No comments have so far been submitted. 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). 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. 'We were fed and we were given a free space to work. Write your queries in the comments section. Alongside his business partner and best friendBen, the pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK. "Im proud of my decision, and proud of the team that Im a part of. This means that we may include adverts from us and third parties based on our knowledge of you. ", View all Midlands newsView more Midlands Business news, Clade Group / Paul Richardsons parents name is Tommy Richardson (Father) and Paul Richardsons Doreen (Mother) is his mothers name. The couple has two daughters. Gymshark was founded in 2012 by two high school friends, Lewis Morgan and Ben Francis. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. 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. His contract was extended through the 1994 season. Richardson also has stakes in VERSACE Mens T-Shirts and BUYMA. Do not sell or share my personal information. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. Their claim to fame? Then Covid got in the way and thats been delayed until further notice. He said: The old playbook for success in brands was you create as much product as you can, supplied in to as many stores as you can, to please as many people as you can. As always you can unsubscribe at any time. 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T: 0161 907 9743 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. 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. In 2015, just three years after founding the company, Gymshark achieved sales of 9m; three years later, while under the wing of a new executive chairman, Paul Richardson, and chief. Paul Richardson's net worth is $15 million. [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. By using our services, you agree to our use of cookies. 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. 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. This means that we may include adverts from us and third parties based on our knowledge of you. 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. 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. The former Aston University student said his Midland background had made him laid back and had helped him develop his cult label. Paul Richardson's salary as a Football Player is between $1 million to $5 million. He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. Gymshark has an estimated net worth of about $1.19 million. The one negative is that the program costs much more than other similar programs. Required fields are marked *. Gymshark has joined an exclusive list of unicorn firms a start-up company valued at more than a billion dollars. 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. Richardsons career as an NFL player has been a roller coaster ride. 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. Find the best deals on HDTVs, UHD TVs, & 4KTVs from your favorite brands. Liven Family Net Worth 2022 How Rich is the Family? A 28-year-old former pizza delivery boy has done a deal which values his sportswear company at more than 1bn. 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. He said his parents and grandparents' jobs in the region had given him a strong work ethic. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Me and Robin were going to move out there. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the . His net worth is likely higher than this, but we dont know how much. A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. It has engaged The Growth Foundation, an e-commerce growth consultancy, to help the brand scale-up and achieve these goals, as well as Fostr a premier Shopify Plus Agency based in the UK.The big question is whether the family trio now at the helm will be able to pull off its growth targets. As of this writing, Gymshark has an estimated net worth of $1 billion. [16] The takeover is currently awaiting EFL approval. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. In August, Gymshark was valued at 1 billion, after US private equity giant General Atlantic snapped up a 21 per cent stake in his business - making his partner Ben the richest self-made Briton under 30 with a worth of around 650million. His wife's name is Jodi Jones. I just wanted to enjoy my life. Deals and discounts in Tech & Electronics you dont want to miss. 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. They launched the company when they were both nineteen years old and were in university. Last year's Sunday Times Rich List put his worth at 700 million. 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. City Waste was sold to SITA in 2002 for an eight figure sum. GA will have paid close to 300 million dollars for their 21 per cent stake. Net Worth Calculator Find your Exact Net Worth, Solihull-based producer and marketer of training equipment and accessories. Now we are well in to the 300 plus million dollars, 250, 260 million last year [2019/20]. Waitrose reveal its 2020 Not just any chip shop scraps! In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. 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. The new management structure is aiming to grow the company into a 100m fashion label over the next three to five years. 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. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. They have two daughters named Georgia Richardson and Holly Beadle. He was one of the first to use social media influencers, sending clothes to popular bodybuilders, creating brand ambassadors and in return getting mass exposure. Last year's Sunday Times Rich List put his worth at 700 million. 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 first year of his NFL career, Richardson spent most of the season on the practice squad. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. His wifes name is Jodi Jones. As he couldnt find any he decided to make them. Shop the best selection of deals on Fitness now. Helping my family is my biggest achievement.'. [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. He applied that structure to turning his academic life around. Deals and discounts in Tablets you dont want to miss. Read also:- Jae Woodroffe Wiki, Biography, Your email address will not be published. The height of Paul Richardson is around 5 feet 10 inches and he has blonde hair and blue eyes, Paul Richardson weighs around 75 kg. The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. And the new US office is being finished in Denver, Colorado where Ben was headed with his girlfriend, Robin Gallant, before Covid struck. Lewis sold his 20 per cent share in Gymshark for 100 million. Gymshark Chairman 2015 Related Hubs Recent News and Activity Number of News Articles 1 LEGAL STUFF. 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. Hes also becoming its new Executive Chairman. We have literally come from hand-stitching a product to being a billion-dollar brand.. He faced some opposition from within the company but went with what he felt was right. Fast forward just 7+ years - the company is now worth $1.45B USD. 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. The brand,. This means that we may include adverts from us and third parties based on our knowledge of you. And carrying it down to the post office and standing there while each one was stamped and sent out across the world. Net worth Currently the business is worth at around $1.45 billion. As always you can unsubscribe at any time. Get all the stories you love straight to your inbox. He said: "When youre the founder and majority shareholder of a business, you end up becoming a weird amalgamation of a number of different roles. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. Absolutely not. Paul Richardsons net worth is a mystery to many. Find the best deals on Women's Jewelry from your favorite brands. Or by navigating to the user icon in the top right. Shop our favorite Bath & Body finds at great prices. Company details taken from Companies House. 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. Since it was started by 29-year-old Mr Francis and his friend, Lewis Morgan, in 2012 its trajectory has been skywards. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. The sportswear company itself is said to be valued at . Theres been a reorganisation. Hera Londons new executive chairman Paul Richardson. 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. Paul Richardson, who is the former chairman of Gymshark and its current executive director, has now purchased Mr White's share in the business for an undisclosed sum. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. Armed with a screen printer and sewing machine, he spends his nights hand making clothes and selling them online. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. opens first overseas store in Milan, END. 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. 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. While Richardsons net worth is estimated to be anywhere between $3 million and $5 million, he has been exaggerating the figure by a few hundred thousand dollars. Are you a Midlands manufacturer with a product or project to shout about and a great story to tell? Paul was a local business person that I met at the gym. 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". Here we discuss Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Its revenue has grown tenfold over the past four years, rising to $550 million in 2021, according to the company's latest full-year financial report in July. [7] Later in the year, the company secured investment from private equity firm General Atlantic. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. Who Are the Richest Soccer Players and What is Their Net Worth? Unlike other brands, Gymshark uses plus-size people wearing its clothing. These are the best Fashion deals youll find online. Paul Richardson is the co-founder of Birmingham-based Gymshark and now has 'full control' of the Blues And Richardson spoke exclusively to talkSPORT about the details of his purchase of the. 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Why not be the first to send us your thoughts, 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. If you have any problems or questions related to any matter, you may directly contact us at mpmsunews@gmail.com. Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. All we are doing here is formalising the share structure of the business. And then the Gymshark brand was born. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Paul Richardson is a British businessman and entrepreneur. [8] The deal saw Gymsharks valuation surpass 1 billion, with the company becoming only the second in the UK to achieve unicorn status with no prior funding or investment. Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. The 28-year-old said he was never great at school but something clicked for him aged 17 when he took an IT class. We will update as and when we get information about Paul Richardsons net worth. And ultimately its all about making sure Gymshark continues on its rocket ship growth trajectory what we believe the future of brands and fitness communities look like and end up becoming a truly, truly global brand.. Carol's mystery man - who she is engaged to - has been revealed today. Nestle scraps popular item in UK leaving customers 'devastated'. 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. He made his first Super Bowl appearance with the . And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. It's quite literally your 'rags to riches' story. Mum's incredible proud. 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,. Wikitia is not affiliated to Wikimedia Foundation. Why not sign up to get the latest South West business news straight to your inbox. He has a net worth of more than 700 million. Read on to learn more about Richardsons net worth. I think it would be remiss of me not to continue to bring in the right people to help elevate us to that next level. 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. But Richardson does have a good track record. 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. Download our app on iPhone or Android. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. These are the best Kitchen Linens deals youll find online. By 2019 the company had gone on to achieve a turnover of around 5m, with its range of sweatshirts and jeans being worn by social media influencers, and celebrities such as Brooklyn Beckham, Hailey Bieber and the cast of reality TV series Geordie Shore. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. 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