Prior to that, he was a joint owner and Director of AllSaints, expanding the brand from five to 12 stores between 2002 and 2004. Discussing how he started the business, Lewis explained that his friendship group dwindled quickly at University, as he went to 'make money on the side doing whatever' while most people went to 'go out and drink'. A few months later, Paul accepted the role of Gymshark Director, then Chief Strategic Officer and since then he has overseen and guided the growth of one of Britain's biggest business success stories and is currently Executive Chairman. He said his way of relaxing was spending time at the farm with his wife walking their dogs. It's been so important for us to have advisers around us that we can not only trust but that will also tell it like it is and Gateley has certainly proved itself to be one of those. Although Gymshark's finalized net worth is not publicly reported, Net Worth Spot uses online data to make a prediction of $1.19 million. . Results will appear on the next page. Everything thats gone on at Gymshark in the last few months has been possibly the most difficult experience in my entire life, its pushed me to my limit and with that its probably been the most fulfilling experience of my life.. City Waste was sold to SITA in 2002 for an eight figure sum. Lounge Underwear Webcast. Your email address will not be published. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. That was really good for fast growth but ultimately that led to big, slow, clunky businesses that didnt really understand the consumer and had no control over the consumer experience or their data.. Paul Richardson is the former Chief Executive Officer of City West plc and later became a joint owner/director of All Saints Retail Ltd. Paul Richardson later served as Non-Executive Director at Birmingham City plc and also served as a Managing Director and Senior Vice President. T: 0161 907 9743 He used a machine and a screen printer for which he put money aside. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. They have two daughters named Georgia Richardson and Holly Beadle. Gta 5 Net Worth 2022; Development, Controversial Issues and Awards, Lexie Spiranac Net Worth 2022; Biography, Wiki, Career (Updated). Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. GA will have paid close to 300 million dollars for their 21 per cent stake. A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. During its first year, Gymshark generated 500 in sales per day. Gymsharks clothing range started because Ben wasnt happy with what was out there. Net worth Currently the business is worth at around $1.45 billion. Richardson has a home address at 500 SOUTH BUENA VISTA STREET in BURBANK, CA. Gymshark - Worth the Money. 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And in the next 12 months Gymshark is expected to have sales of between 300 and 400 million dollars. Although they have been together for many years, the couple havent revealed much information about them. Hera Londons new executive chairman Paul Richardson. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. 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. When an order was placed with him his website would order from a supplier and they would supply the customer. Save up to 50% on Women's Clothing when you shop now. The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. This article "Paul Richardson (Businessman)" is from Wikipedia. Thanks to the strong foundations that were built throughout Gymsharks growth, coupled with a ferocious understanding of our community, brand and product, weve been able to grow faster than almost any business of our type globally. 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. 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. Helping my family is my biggest achievement.'. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. Now we are well in to the 300 plus million dollars, 250, 260 million last year [2019/20]. Paul Richardson Businessman Height, Weight. A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. According to Forbes, in 2020, Gymshark became a brand of 1.3 billion dollars. [2], In 2000, Richardson co-bought fashion retailer AllSaints out of administration and joined the board as a director. Launched in 2015, Hera London became . ', 'It's incredible. 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Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. 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. Paul Richardson is the owner and executive chairman of Hera Clothing. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. 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. The official website for that ishttps://www.mpmsu.edu.in/. Find the best deals on Women's Jewelry from your favorite brands. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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'. "Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to uniting the conditioning community. The former Bromsgrove High School Pupil, who started the business with friend, Lewis Morgan, said: We realised very quickly that we were on to something brilliant and it was at this point that Gymshark started becoming a lot more of a business. 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. News of the redundancies came as a shock to the business community. CEO Steve Hewitt, founder Ben-Francis and executive chairman Paul Richardson The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. How Ben Francis started Gymshark now valued at $1.45 BILLION A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing. 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. [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. [16] The takeover is currently awaiting EFL approval. LANDLORD. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. 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. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. 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. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. Me and Robin were going to move out there. Shoppers joke M&S have 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. 'It was four years of mayhem. Mum's incredible proud. 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. Deals and discounts in Pet Parents you dont want to miss. In 2019, Gymshark made sales of 175.2 million with a profit of 18.6 million. In this episode, we discuss Paul's role with G. education business podcasts management. We will shortly solve your problems. 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. The pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK, The brand is known for its muscle-enhancing gym wear which is promoted extensively through its own Instagram channel, As well as posting selfies, fans of the brand also share their workout regimes as an inspiration to others. Save up to 50% on Swimwear when you shop now. . Paul Richardson's net worth is based on the size of his Yeezy business. Shop our favorite Makeup finds at great prices. After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. 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. 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 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. Shop the best selection of deals on Cameras now. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. 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 said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. Inclusivity is super-important, he said. Dec 27, 2022 Paul. Emily Hawkins. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. The RAC revealed that diesel drivers are still charged an extra 20p over the owners of petrol cars. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. Deals and discounts in Tablets you dont want to miss. 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. Gymshark posted 176.1 million sales last year with 18.4 million pre-tax profits, reports the Sunday Times, but Ben wants to close the gap between sportswear giants like Nike, Adidas and Puma. He funded his Gymshark business by working as a pizza guy along with his full-time studies. The couple has two daughters. Liven Family Net Worth 2022 How Rich is the Family? 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.. Get all the stories you love straight to your inbox. Read on to learn more about Richardsons net worth. It will mean the demolition of the now-closed Air Balloon pub. 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. His wife's name is Jodi Jones. Both were basic but popular. READ MORE:Gloucestershire maternity units closed due to midwife staffing problems. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. Mr Francis said his early upbringing was pivotal in his success. Just last month, Ben announced that Gymshark is worth $1.45B. opens first overseas store in Milan, END. 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. Lewis left five years ago but retained a 20 per cent stake. 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 Lewis Morgan, 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were teenagers and studying business at Worcester University and Aston University in Birmingham. Gymshark was spawned from Mr Francis's personal desire for comfortable, stretchy fitness gear which fitted people of all sizes. A 28-year-old former pizza delivery boy has done a deal which values his sportswear company at more than 1bn. While his net worth is based largely on his NFL earnings, he is also a successful businessman. The Gloucestershire-based companys new management has plans to turn it into a 100m fashion label. The 28-year-old said he was never great at school but something clicked for him aged 17 when he took an IT class. 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. But he said he was also down-to-earth and, when the value of his company soared to 1 billion, he celebrated with a Nando's. October 22, 2021. The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. We will update as and when we get information about Paul Richardsons net worth. Ben said he's happy for larger women to wear his clothes: I dont think its particularly divisive to say fitness should be for everyone. Aged 21, Ben turned his sportswear business in to something much bigger. 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). Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds. Paul Richardsons net worth is $15 million. The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. He went to a body building expo and showcased his gear. Creative Commons Attribution-ShareAlike. "Someone who acts and works in the business, but someone whos also a part of deciding who works (or plays), where. 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. 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 Shop the best selection of deals on Laptops now. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. The company employs 499 people globally. Who knows where it will take us.. Find the best deals on Home Gym from your favorite brands. Fast forward just 7+ years - the company is now worth $1.45B USD. Deals and discounts in Womens Active Shoes & Sneakers you dont want to miss. 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. Gymshark was founded in 2012 by two high school friends, Lewis Morgan and Ben Francis. 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