[7] His first business was an online company that sold car license plates. 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. He said this has given him time to both work on his weaknesses and build on his strengths "without having to worry about failing," because he had the full support of Hewitt and Chairman Paul Richardson. When 19-year-old Ben Francis started sewing his own workout gear as a pizza delivery guy and co-founded a company called Gymshark with his friend Lewis Morgan in his parent's garage in 2012, no . Waitrose reveal its 2020 festive range, including citrus gin salmon, edible candles by Heston Blumenthal and venison wellington, Student, 21, reveals she had a second womb which 'almost exploded' after doctors dismissed her four years of stomach cramps as 'hysterical' constipation, Adult Material viewers praise single mum sex worker Jolene's 'educational' speech where she defends 'the only industry women get paid more than men' while still being home in time to cook dinner. Video from ep. Backed by General Atlantic, the 28-year-old Francis now has his eyes set on further expansion in North America and Asia in his quest to rival Nike or Adidas. 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. Henry Morgan - a Welsh buccaneer Sir Henry Morgan was of the Tredegar Morgans (although some say he is of the PenCoed Branch of the Morgans). Francis, 29, set up the athleisure brand Gymshark after dropping out of university and working as a Pizza Hut delivery boy. We wanted to go to university and make money on the side doing whatever we could. 100 acoustic hits (2023) turbobit.net; . Confronted with the cocaine video, Francis who has almost 200,000 followers on Instagram said: Four years ago, I was a young guy. So if youre busy sewing clothes in your parents house, you still have the chance to take over the world of retail! [10] Francis studied at Aston University [10] before dropping out, and worked as a delivery driver for Pizza Hut when he first established the company. To support themselves, they worked part-time after. He tells Mirror Online. The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. 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. Its been a long journey for the college dropout, who still runs the business out of Solihull, a town near his parents home outside of Birmingham. The company also has an office in Denver and opened its first brick-and-mortar store on London's Regent Street in October 2022. But Lewis wasn't always so focused, and admits to being very different at school. We were super busy and it was super exciting. 3. Questions lead to answers, which lead to learning things.". Dillon Francis is a resident deejay at the acclaimed Wynn Las Vegas, and this year he celebrates a decade of performing at the nightclub. It was in 2011, as a 19-year-old student at Birmingham's Aston University, that Francis then created the first version of the Gymshark website. In thefour-year-oldvideo, he peers towards the camera before bending down to snortone lineof coke. What is OpenSea? I got carried away and I regret it. Crucially, we will also invest in other young entrepreneurs who are a good fit for us - that means founder-led companies with a big vision and scalable business model. We are no longer accepting comments on this article. We were super busy and it was super exciting. "It was four years of mayhem. I noticed Ben and Lewis don't follow each other on social media and they're never together while they have mutual friends who started the company with them. At the time, both were 20-year-old university students. The following year, the company was named the UKs fastest-growing company. "I really think Gymshark can be the U.K.'s answer to those brands," he said. By Robbie Peterson April 21, 2023. In the second of our new series on BusinessLive, the Gymshark co-founder explains how he went from the garage to the boardroom and why hes now focussing on future stars. Line Manager: No10 business guru caught on video snorting cocaine, Ben Francis collecting an award from Richard Branson. Fair play to Lewis Morgan and Ben Francis for creating Gymshark. Marty Meierotto left the show after 8 seasons to spend more time with his teenage daughter. [16] After the trade show ended, a tracksuit went viral on Facebook, generating 30,000 in sales within 30 minutes. Despite giving up the traditional university experience in order to build their dream, Lewis has no regrets. "Our story is incredible. Ben Francis MBE - Chief Executive Officer - Gymshark | LinkedIn Ben Francis MBE CEO & Founder of Gymshark. Sportswear with a difference! could have been apprenticed. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. The company sent free products to prominent bodybuilders and fitness influencers. "It's incredible. At the time, both were 20-year-old university students. Having famous YouTubers wandering around and launching a product was an untried tactic back then - and it worked. (Morgan sold his stake in Gymshark for about $130 million in 2020 as part of the General Atlantic deal. 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. In 2016, Lewis decided to take a step back from the company but remained a shareholder, and in August this year he sold his remaining stakes for 100million. Phone number: (215) 963-5000. I knew I needed the grades.". He took a stab at college when he enrolled at Birminghams Aston University at age 18, delivering pizzas for Pizza Hut at night and spending his free time at the gym. That community was Baptist, and the. 401K Followers, 770 Posts - Gymshark CEO & Founder Patron of Birmingham Women's & Children's Hospital Charity NEW YT VIDEO CLICK HERE Visit Website: www.morganlewis.com. Francis appeared on the 2019 Sunday Times Young Rich List, ranked above pop stars Little Mix and world heavyweight boxing champ Anthony Joshua. [2], In August 2021, he returned to the role of the company's CEO. So he got his head down and studied, earning myself a place on a business management course at the University of Worcester. That came in June 2013 when we launched our first tracksuit called 'Luxe'. These included Lex Griffin and Nikki Blackketter. They used the money earned from dropshipping, as well as what Francis had earned working as a deliveryman for Pizza Hut, to buy a sewing machine and screen printer to start making their own fitnesswear. I wish I had been the brains behind OpenSea. 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. In 2015, just three years after founding the company, Gymshark made 9 million in sales. Ben Francis, 28, started Gymshark in his parents' garage when he was 19 while studying at Aston University and working evening shifts delivering pizzas. "A company is just a face. All my heroes were YouTubers, so Id send them products.. But Lewis knows their success wouldn't have been possible without the support of his and Ben's families, who have been there every step of the way. $2.5 billion, according to our most recent tally. Its success led to Francis being invited to join then-PM Theresa Mays Small Business, Scale-Ups and Entrepreneurs Business Council. They began handing out free gear to weightlifting influencers on social media, sending Gymsharks daily sales volume soaring from $450 worth of merchandise a day to $45,000. This means that we may include adverts from us and third parties based on our knowledge of you. Above all, I would still be seeking out young entrepreneurs to invest in as helping others to achieve their dreams is my real passion. Gymshark is a global 'athleisure' brand (clothing worn for sport and other activities). At the time, both were 20-year-old university students. Charlie Tucker left the show without any explanation at the . The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. "You get to a point where money isn't everything. [9] He later said "the structure, consistency and work ethic I found in the gym I realised, could be applied to different areas of my life and it would work". [29][30], In 2019, Francis served on the UK Government's Business Council for Entrepreneurs. So, Francis began designing his own range of fitness apparel. Ross Dickerson said: The video was four years ago. 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. Ben Francis was a delivery driver for Pizza Hut. Gymshark, on the other hand, launched its Luxe tracksuit. 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. [8] He has said his time at university gave him "a strong foundation on which to build a business". 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. Discord Explained, Impossible Foods Business Model: How Fake Meat Built a $4b Company, Pinterest Business Model Explained Inside the $31B Social Platform, Building the $1B Dating App Bumble Business Model and Story. Francis sold a 21% stake to private equity firm General Atlantic in August 2020, in a deal that valued the company at $1.45 billion; he owns 70%. 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. Ben Francis was born 4 June 1992 (age 29 years) in Bromsgrove, Worcestershire, United Kingdom. Gymshark co-founder Ben Francis took his fitness apparel company from his parents garage into a billion-dollar company in only 10 years. Mum's incredible proud. Not once has she told us to stop. Ben launched Gymshark in his parent's garage in 2012 at the age of 19 with school friend Lewis Morgan. 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. After selling his shares for a hundred million, no one knew the reason behind the entrepreneur walking away from such a high valued company. Net Worth, Salary & Earnings of Ben Francis in 2023 Being able to look after his mum and three sisters.
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