He incorporated the business with schoolfriend, Lewis Morgan, in 2012. Today hes one of the worlds youngest billionaires, thanks to the rapid, social media-driven growth of his company Gymshark. [8] He has said his time at university gave him "a strong foundation on which to build a business". Well break down Gymshark below to find out how the business started, where Gymsharks early growth came from, and what the future holds for this brand. That came in June 2013 when we launched our first tracksuit called 'Luxe'. "I was younger and I made mistakes. This is thanks in part to the pandemic, which saw more people running, cycling, and exercising at home during the lockdown. Gymshark - Wikipedia Son of Francis Lewis Esq. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. And what steps did he take to build it into one of the UKs fastest-growing companies? [33], Francis and his girlfriend Robin Gallant were engaged in April 2021, and married on 9 September 2021. [25], In August 2020, Gymshark sold a 21% stake to US private equity firm General Atlantic in a deal which valued the company in excess of 1 billion. I am very proud to be in the position I am. 66 - Lewis Morgan: The Truth of Why I Exited Gymsharkhttps://www.youtube.com/watch?v=cByoqWLSEwY\u0026t=2574sFollow CEOCAST On All Platforms Here!Instagram: https://www.instagram.com/ceocast/YouTube: https://www.youtube.com/ceocastSpotify: https://open.spotify.com/show/2HU7OJ8Apple Podcast:https://podcasts.apple.com/gb/podcastFollow Raheem Here:https://www.instagram.com/raheemka/Follow Lewis Morgan Here:https://www.instagram.com/lewis_morgan/https://www.youtube.com/channel/UC0Eghttps://twitter.com/LewisMorganUK?refCEOCAST is a podcast platform showcasing businesses, leading industries and successful entrepreneurs and individuals. DBS MORNING SHOW & OBITUARIES 27TH APRIL 2023 - Facebook Mr. Edwards was vice chairman . Francis attended Plant High School where he . A young fashion tycoon who has been advising No 10 has been caught on camera snorting cocaine. Not content with his $8-an-hour pay, he teamed up with a friend, Lewis Morgan, and started selling supplements online, buying in bulk from vendors and making a small margin selling them to customers from a website they named Gymshark. It was a huge learning curve. Ben Francis was a delivery driver for Pizza Hut. Ben Francis age, height, weight, net worth 2023, wife, kids, gay So how did Ben Francis get Gymshark off the ground? "We used her house as a printing room and a stock room, and that's the same for Ben's family. We're incredibly close. The following year, the company was named the UKs fastest-growing company. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. Speaking about his mum Kim, he said: "She's been amazingly supportive. Francis appeared on the 2019 Sunday Times Young Rich List, ranked above pop stars Little Mix and world heavyweight boxing champ Anthony Joshua. He's set up the The Lewis Morgan Podcast, on which he interviews other successful people to share stories and tips for making it big. When Apple started, it was adopted by architects, creatives and other sorts of cool kids, Francis says. Now valued at more than 1 billion, Ben Francis and I started the business as teenagers, working out of our parents' garages. This channel is to give you. [7] His first business was an online company that sold car license plates. Lewis and Ben knew that their youth and lack of experience might put people off their company and their product, so they made a conscious effort to make sure everything looked professional and expert. Still to this day, the once entrepreneurial duo, dont even follow each other on Instagram anymore with a seemingly icy pull of the plug on friendship. "Sothen those two things just sort of came together and I started making a load of fitness websites, more for fun than anything," he explained. How a circle of kindness propelled a 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. Solving problems creatively is key. From my year alone, there was my fellow Gymshark founder Ben Francis, Reiss Edgerton who, with his brother Kris, has made millions at AYBL and Reece Wabara who runs another business I invest in - fashion label Maniere De Voir. The company is now one of the UK's. Or by navigating to the user icon in the top right. Morgan, Lewis & Bockius LLP. This means that we may include adverts from us and third parties based on our knowledge of you. Prior to launching Gymshark, Ben developed two fitness applications, iPhysique and Fat Loss Abs Guide, which were both listed in . "We were 16, 17, but we'd be talking business strategies, bouncing. While having YouTube influencers at your stand makes total sense now, at the time, this was brand new. We were super busy and it was super exciting. Friends called Saturday evening at the funeral home. 1 tip for starting a business, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Ben Francis is a British businessman and entrepreneur. Single Anthony Joshua discloses way to his heart as he goes on blind date with fan, 'I make 2,000-a-month by going through people's rubbish - and found 310 vacuum', 'I hired an escort and my best friend's mum turned up', Tattoo addict shares jaw-dropping photo of how he looked before inkings, Would you cheat? [24] The company currently sells products in 131 countries. By Have you seen that photo of Pope Francis wearing a gigantic white puffer coat? It is fascinating that Ben Francis and his friend Lewis Morgan started this fitness brand, Gymshark in June 2012 while studying at a university. 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Or by navigating to the user icon in the top right. As a privateer he became very wealthy. The three-floor, 18,000 sq. Francis founded the company in 2012 alongside his friend Lewis Morgan, selling fitness supplements from a garage that acted as their office. How Ben Francis built $1 billion fitnesswear brand Gymshark in - CNBC February 3, 2022 The co-founder of Gymshark and chairman at the AYBL Group, Lewis Morgan, cashed out of the business he owned with Ben Francis in 2020. His big plan for the future is to start an investment fund, with the goal of offering up to 50million to start-ups to help others fulfil their dream. Ben Francis Birthday & Fun Facts | Kidadl [29][30], In 2019, Francis served on the UK Government's Business Council for Entrepreneurs. Francis Lewis, II (1713 - 1802) - Genealogy Discussing how he started the business, which is now loved by celebs, 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'. Lewis Morgan - SOCCER News, Rumors, & Updates | FOX Sports [28], Francis is a car and motorcycle enthusiast, and a season ticket holder at Aston Villa. The company also has an office in Denver and opened its first brick-and-mortar store on London's Regent Street in October 2022. It is one of the fastest-growing companies in Britain, recording 18.4m in pre-tax profits on 176m of revenue in the year to end-July 2019. Sportswear with a difference! . The pair were just acquaintances at school, Morgan says, until they were seated next to each other in. are ben francis and lewis morgan still friends Gymshark founder Ben Francis says he doesn't view big-name sportswear brands as a threat to his relatively young $1 billion label. Biographies of Francis Lewis and Morgan Lewis - Archive Lewis Morgan, 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were at university, working from their parents' houses. Lewis Morgan, 28, and his friend Ben Francis, both from Bromsgrove, Worcestershire, set up Gymshark when they were 19 and studying at University Entrepreneur sold his stake in the company. Less than a decade later he's worth a staggering 125m and is in the process of building his own 1.5m house. Its hard for me to say the exact reasons without getting solicitors on my door tomorrow.. "We were two kids running a multi-million pound business and, somehow, doing it well. Getting high on your own supply. Genealogy for Lewis Morgan (1672 - 1734) family tree on Geni, with over 230 million profiles of ancestors and living relatives. I would tell myself to focus on the idea of building a brand sooner. Francis Morgan. Ben Francis, is a 29 year old British businessman who is known for being the founder and chief executive officer and majority shareholder of Gymshark, one of the biggest fitness brands in the world which is located in Solhull, England and rapidly expanding across the world with the US becoming its main focus of expansion. Something went wrong, please try again later. Ben Francis is a British entrepreneur. "When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.". Francis then embarked on a guerrilla marketing campaign that relied on paying small amounts to fitness stars with intense online followings, handing out as little as $500 a month to influencers who would flaunt Gymshark clothes in their videos. Experience the easiest way to grow your business. Bridie Pearson-jones For Mailonline Morgan left the company in 2016 to focus on his property development company and fashion label. The following three days saw Francis and his team selling out all the stock theyd brought along. 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. As a group, we will remain focused on women's fitness but expand beyond clothing. [9] Both aged 20, they set up the brand while studying at university. Under his leadership, the company was able to crack 100 million in sales the following year. You may opt-out by, Illustration by Geoff Kim for Forbes; Photos by: Ben Francis: Levon Biss for Forbes; Gym Bag: Lawrence Manning/Corbis/Getty Images; Mannequins: Craig Barritt/Getty Images; Craig Barritt/Gymshark/Getty Images. Gymshark pioneered influencer marketing and harnessed the power of social media. We sold out of everything we took to that event. Gymshark grew thanks to partnerships with fitness influencers on social media, paying them small amounts to wear the company's gear in their videos. It was a huge learning curve. Invasion of the super rats: '300 million super-rodents' that survive off takeaway scraps and evade poisons could Thousands of Cambridge University students join in 'Caesarian Sunday' booze up by downing wine, climbing Vegan activist tried to ruin my business by posting fake reviews: Chef hits out at one-star feedback left by Charles' Gladiator! [6] He first became interested in computing after studying IT at school. Gymshark is now valued at 500million, has 1.2million customers and employs 215 people at its HQ in Solihull, West Mids. How Gymshark Founder Built a Billion Dollar Company (+ 3 Lessons We Can I'd tell myself to focus on building my dream because it would all be worth it. Ben founded Gymshark when he was 19 years old, while still a student at Aston University. Since then, Gymshark has continued to grow. Pregnant singer and baby daddy A$AP Rocky have red carpet to Parents of newborn with dwarfism who died after a routine sleep study at Boston Hospital are awarded $15 million Four-year-old girl is 'assaulted by drunk man outside Tesco'. I don't have a role model as such but I have definitely benefited from knowing an amazing group of people who all went to South Bromsgrove High School with me. [2] How I Started The UK's Fastest Growing Company - Ben Francis He launched his exercise clothing company from his parents home while he was a student at Aston University in Birmingham. Bridie Pearson-jones For Mailonline, Not just any chip shop scraps! "I just wanted to step back and look after the people I love most. When we couldn't afford product to sell, we drop shipped. The new store stays true to Gymshark's roots and is designed to foster a spirit of community among . This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. A post shared by Lewis Morgan (@lewis_morgan), Although long term childhood friends, Francis and Morgan have recently exposed their split of friendship and business partners because of disputes over specifics. About Lewis Morgan. 5. Francis likened it to "being able to do an exam and just do it as often as you want until you get the resultthat you want," and said the decision to temporarily step back as CEO ultimately "turbo-charged" his development as a business leader. Ben Francis age, height, weight, net worth 2023, wife, kids, gay We're incredibly close. and Elizabeth (Annesley) Lewis. Benjamin David Francis MBE (born 4 June 1992 [1]) is a British billionaire entrepreneur who is the co-founder, CEO and majority owner of Gymshark, a fitness apparel and accessories manufacturer and retailer founded by him and his friend Lewis Morgan in 2012. Born in the West Midlands region of England in 1992, Francis grew up dreaming of a career as a soccer player but quickly realized he wasn't good enough to make it as a pro. The footage emerged after a meteoric rise in the business world by Francis. [11] Gymshark was one of the first brands to make extensive use of social media influencers. [13][12], In 2012, aged 19, he launched Gymshark in his parents' garage with school friend Lewis Morgan. As always you can unsubscribe at any time. Ben Francis, CEO and Founder of Gymshark. A fascinating story - Two young university graduates, Ben Francis and [16] After the trade show ended, a tracksuit went viral on Facebook, generating 30,000 in sales within 30 minutes. It meant he didnt have to buy stock and risk his own cash running his business. (Morgan sold his stake in Gymshark for about $130 million in 2020 as part of the General Atlantic deal. The 26-year-old with a 100m sportswear brand - BBC News Ben partnered with his school friend, Lewis Morgan, in 2012, and the pair sought a plan to dominate the fitness industry. Their first big break came 10 months later, in 2013, when they rented a booth at BodyPower, Europe's largest bodybuilding expo.
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