Gymshark news and archive

Gymshark taps new marketing VP

British sportswear brand Gymshark has appointed Carly O’Brien as its new vice president of marketing. In her new role, O’Brien will be tasked with driving growth in international markets, raising brand awareness, and implementing new customer engagement strategies. O’Brien joins from British retailer The Very Group, where she served as chief...

21 Jun 2022

BusinessFeatured

Gymshark FY revenue up 54 percent as profits widen

Gymshark Group has reported a 54 percent increase in revenue in the year to July 31 2021. The sportswear giant made net revenue of 401.9 million pounds, up from 260.7 million pounds a year earlier, according to filings at Companies House. The Solihull-based group’s profit before tax increased to 45.4 million pounds from 30.4 million pounds a...

23 May 2022

BusinessFeatured

Gymshark says 121 jobs at risk amid global restructuring, but ‘over 100’ to be created

British sportswear brand Gymshark has warned it could cut as many as 121 jobs as it undergoes a restructuring amid its ongoing global expansion. The fast-growing brand last year announced plans to further expand in the US, which has recently become its biggest market. As part of its growth strategy, Gymshark founder and CEO Ben Francis announced...

7 Apr 2022

Retail

Gymshark to open first flagship store on Regent Street

Gymshark has announced the opening of its first flagship store on Regent Street. The 18,000 square foot store is currently being renovated, and is set to open in the summer of 2022. In a video that explored the new store space and explained what was going to be sold, CEO of Gymshark, Ben Francis, revealed that while Gymshark products would be...

1 Dec 2021

Business

Gymshark reportedly in talks over potential IPO

British gymwear and athleisure brand Gymshark is reportedly in talks with banks and investors over a potential IPO. The company’s 29-year-old founder Ben Francis and his private equity backers have begun preliminary talks with institutional investors and investment banks about a flotation, Sky News reports. It comes just a year after the brand...

13 Oct 2021

BusinessFeatured

Gymshark co-founder Ben Francis returns to CEO role

Gymshark co-founder Ben Francis is returning to the helm of the company in August as the British brand looks to expand in the US and Asia. Francis, who founded the gymwear and athleisure brand in 2012, will replace current CEO Steve Hewitt who has been at the helm of the company since 2017, before which he was managing director. Hewitt will...

2 Jul 2021

Retail

Gymshark to open first US fulfilment centre in California

British gymwear and athleisure brand Gymshark has chosen California as the location for its first US distribution centre. The fast-growing brand announced Tuesday it has teamed up with e-commerce solutions company Radial to open the facility in Rialto in July, which will be followed by two East Coast centres later in the year. Gymshark has been...

23 Jun 2021

People

Gymshark names new chief product officer

Gymshark has named Danielle Petesic as its new chief product officer (CPO). Petesic, who will take over the role from founder Ben Francis, joins from Lululemon where she’s spent almost four years as vice president of product development. Earlier in her career, she led production and product development teams at Mansur Gavriel, Alice & Olivia and...

19 May 2021

RetailFeatured

Asos, Boohoo, THG and more launch trade body to support e-commerce sector

British retailers Asos, Boohoo, Gymshark, The Hut Group (THG), Ocado Group and AO World have launched a new trade body to support and promote the country’s fast-growing digital-commerce sector. The newly-founded UK Digital Business Association (UKDBA) said it “will champion the sector” as it adapts to “ever-changing consumer needs”, while...

24 Feb 2021

Retail

Clearpay announces new partnerships with retailers

UK "Buy Now, Pay Later" service Clearpay has announced partnership with a number of retailers. These new brands include Gymshark, Mac Cosmetics, Reiss, Never Fully Dressed and Ren. As well as launching new partnerships, Clearpay is presenting consumers with the bi-annual Clearpay Day sale where brand partners will offer shoppers deals and...

18 Aug 2020

BusinessFeatured

Gymshark secures investment from General Atlantic

Midlands-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. Gymshark said in a statement that the strategic partnership with General Atlantic would allow the brand to “turbo-charge” its intentions to become a leading...

17 Aug 2020

Business

Gymshark circled by private equity firms

Gymshark is reportedly being circled by a number of private equity firms interested in snapping up a minority stake in the fast-growing brand. Inflexion Private Equity, General Atlantic, TSG Partners and L Catterton are all interested in buying a stake in the gymwear and athleisure label after it hired PricewaterhouseCoopers (PwC) to launch a...

10 Jul 2020