Question: How Much Did Lewis Morgan Sell His Gymshark Shares For?

But Gymshark really exploded when the brand started recruiting some of their favourite fitness influencers (mostly bodybuilders at first) to wear and review the apparel on YouTube and Instagram.

“At the time, no one else was doing [influencer marketing],” Francis explained in a YouTube vlog..

Is Ben Francis a billionaire?

Ben Francis (born 4 June 1992) is a British businessman. He is the founder and majority shareholder of Gymshark, a fitness apparel and accessories brand headquartered in Solihull, England. Francis has been Gymshark’s chief marketing officer since 2018….Ben FrancisNet worth£700 million (August 2020)4 more rows

Who invested in Gymshark?

General AtlanticMidlands-based sports fitness and apparel brand Gymshark has secured investment from private equity firm General Atlantic in a deal that values the company at more than 1 billion pounds.

How old is Gymshark owner?

Gymshark founder, 28, who is worth £125M reveals he sold his share as ‘money isn’t everything’

Where does Gymshark manufacture their clothing?

The company exports to more than 150 countries from its warehouse in Bromsgrove, Worcestershire – overseas sales represent three-quarters of turnover. The Redditch-based business is developing its own technical fabrics and outsources most of its manufacturing to China.

How much is the owner of Gymshark worth?

As of August 2020, Ben Francis is worth £700 million. This summer, Gymshark sold a 21 per cent stake to US private equity firm General Atlantic. The deal valued the company at more than £1 billion. Because Francis still owns 70 per cent of it, he’s worth at least £700 million.

How much is Lewis Morgan worth?

At the age of just 28, Lewis Morgan is worth £125m. The bulk of his worth comes from co-founding popular sportswear company Gymshark, which last month, he left, trading his 21 per cent share for the tidy sum of £100m.

Who is the owner of Gymshark clothing?

Ben FrancisBen Francis is the Founder and ambitious entrepreneur behind leading UK fitness brand, Gymshark. Ben founded Gymshark when he was 19, while still a student at Aston University.

Why did Lewis Morgan leave Gymshark?

Reflecting on his partial exit from Gymshark in 2016, he said the decision was inspired by a desire to diversify his portfolio of business interests.

Who is the CEO of Gymshark?

Steve HewittGymshark/CEO

Who invented Gymshark?

Ben FrancisLewis MorganGymshark/Founders

How old is Lewis Morgan?

24 years (September 30, 1996)Lewis Morgan/Age

How much did Lewis Morgan sell his shares for?

Mr Morgan has sold his 20 per cent stake for £100 million and left the company completely although he stepped down from being involved in day-to-day operations in 2016.

Is Gymshark ethically made?

All of its clothing is sweatshop-free and child-labour-free, and its activewear range is almost entirely made from certified organic cotton, with more than 50% also certified as Fair Trade.

How did Gymshark get so big?

Demand for their unique design spiked after their appearance at Body Power and soon, Gymshark became inundated with orders — they reportedly made over $42,000 in a single day. Francis and co quickly realised they were on to something special. In 2013, Gymshark did almost $500,000 in revenue from online sales.