Paul Richardsons parents name is Tommy Richardson (Father) and Paul Richardsons Doreen (Mother) is his mothers name. Mr Richardson said: Im thrilled to have acquired HERA London and look forward to working with the new team to help develop the company into a leading streetwear brand in this competitive sector. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . In 2017, Ben chose to stand aside as CEO to concentrate on the aspects . Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the . Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. Hera Londons new executive chairman Paul Richardson. The former Aston University student went from a delivery driver for Pizza Hut to sportswear entrepreneur with the help of a sewing machine and screen printer in his parent's garage, Get the latest news from MySolihull straight to your inbox. [16] The takeover is currently awaiting EFL approval. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. [2], In 2000, Richardson co-bought fashion retailer AllSaints out of administration and joined the board as a director. In 1992, Richardson founded City Waste. Shop the best selection of deals on Laptops now. 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. With a stake of over 70% in Gymshark, Francis' estimated net worth, according to The Telegraph, is somewhere in the region of 700 million. Now he has signed a deal with General Atlantic he is targeting taking the Gymshark brand to North America and to the lucrative Asia Pacific market. 'We were fed and we were given a free space to work. A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds. Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. Paul holds British nationality. This article "Paul Richardson (Businessman)" is from Wikipedia. Contents 1 Early life 2 AllSaints 3 Gymshark 4 Other ventures 5 Birmingham City Football Club 6 References Write your queries in the comments section. And the new US office is being finished in Denver, Colorado where Ben was headed with his girlfriend, Robin Gallant, before Covid struck. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic. Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera - YouTube ENGLAND Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera 1. Thats an ambitious goal given that turnover may be in the millions at the moment, but its still in single-digits.Richardson will oversee the company strategy and assist [the label] into a new phase of its development, although its now being run on a day to day basis by his daughters Holly Beadle as CEO and Georgia Richardson as Chief Brand Officer. 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. It will mean the demolition of the now-closed Air Balloon pub. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. [10] The company would continue to build on the global foundations laid by Richardson and Hewitt, expanding its presence in the US market the following year with the opening of a new regional headquarters in Denver. Something went wrong, please try again later. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. Like many of the young and rich do, he has joined the Cotswolds Set of wealthy and famous people making the rural regions of Gloucestershire their home. He serves as the executive chairman of these businesses. But how did Ben go from sewing and hand-stitching gym clothes in his parents garage to turning the company in to a company worth 1 billion or 1.45 billion dollars? 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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. He applied that structure to turning his academic life around. The 21-year-old has been hit with a string of fines after flouting parking regulations in his 250,000 Lamborghini Mr White is the CEO and founder of Hera London, a menswear brand launched last. Deals and discounts in Tech & Electronics you dont want to miss. Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. Both were basic but popular. Find the best deals on Women's Handbags & Wallets from your favorite brands. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. Save up to 50% on Maternity Clothing when you shop now. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Find the best deals on Women's Jewelry from your favorite brands. 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. He graduated from high school with honors. 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. Shop our favorite Plus Size Clothing finds at great prices. Or by navigating to the user icon in the top right. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. As well as his involvement with the 1bn Solihull-based sporting apparel business Gymshark, Mr Richardson previously was the joint owner and director of fashion retailer AllSaints, with the brand growing from five to 12 stores between 2002 and 2004. [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. Lewis, who is in the process of buying a 1.5m house, is a big gym-goer and has always been passionate about exercise and fitness. Richardson has a run various waste management services[1]. Role . . Read on to learn more about Richardsons net worth. The sportswear company itself is said to be valued at . Armed with a screen printer and sewing machine, he spends his nights hand making clothes and selling them online. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. Paul Richardson's salary as a Football Player is between $1 million to $5 million. Jon Robinson, Senior Digital Staff Writer 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. Wikitia is not affiliated to Wikimedia Foundation. Find the best deals on Kitchen from your favorite brands. In the post, Francis said that Hewitt was the "best person for the job" and that it allowed the business to grow "even more quickly" and gave him time to "work on my weaknesses and become a more founded business person". 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. Although they have been together for many years, the couple havent revealed much information about them. In fact, the show was created by Dustin Hurts and Paul Richardson wouldnt have done the show without the other actor. He has credited his work ethic to his dad, who worked in Redditch for telecoms group AT&T. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. As of this writing, Gymshark has an estimated net worth of $1 billion. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. Shop the best selection of deals on Tools & Utensils now. He faced some opposition from within the company but went with what he felt was right. Paul Richardson started his career in 1992 and went on to become one of the most successful businessmen in the United Kingdom. Trump rages at Mark Zuckerberg amid claims group linked to Facebook boss gave $2 million to Georgia elections board - and says Dems are 'trying to steal a SECOND election'. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. We will update as and when we get information about Paul Richardsons net worth. According to Forbes, in 2020, Gymshark became a brand of 1.3 billion dollars. Carol's mystery man - who she is engaged to - has been revealed today. Emily Hawkins. It is about to open two in America, in Ohio and California. Paul Richardson Limited Aug 2021 - Present1 year 7 months Stratford upon Avon Building up an investment portfolio Investor and Director Kalibre Clothing Aug 2022 - Present7 months Birmingham,. Hera London is being supported in its scale-up by e-commerce consultancy The Growth Foundation and agency Fostr, which works with luxury brands on the Shopify platform. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. If you have any problems or questions related to any matter, you may directly contact us at mpmsunews@gmail.com. Are you a Midlands manufacturer with a product or project to shout about and a great story to tell? The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. 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. Richardson has taken the position of executive chairman in the company, which has announced plans to grow into a 100m fashion label over the next three to five years. Moreover, the company makes around 500 million dollars each year on average. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. Paul Richardson's net worth is based on the size of his Yeezy business. In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. He has a net worth of more than 700 million. He is a former managing director at Knowaste. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. 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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. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Fruit and veg wholesaler blames shortage on supermarkets not paying 'fair price' for produce, Darren Cookson has up to increase his prices by as much as 50 per cent, Shoplifter banned from every Primark, Boots, Iceland and Wilko in area, Samantha Oldfield has been banned after she tried to leave a shop with candle sets and chocolates in her bag, Prince Harry and Meghan Markle break silence after Frogmore Cottage eviction, Prince Harry and Meghan Markle have been forced out from the Windsor property, BBC Strictly Come Dancing star joins EastEnders cast in new family. Something went wrong, please try again later. People havent been in this situation before. Paul Richardson is the co-founder of Birmingham-based Gymshark and now has 'full control' of the Blues And Richardson spoke exclusively to talkSPORT about the details of his purchase of the. Justin Harling - CEO, CAE Technology Services. or debate this issue live on our message boards. It is definitely worth spending a couple of dollars more though. Medicaid to cut 14 MILLION Americans from health coverage as states crack down on eligibility for the first time in three years after numbers soared during COVID - so are you at risk? If you have any doubt related to. 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.. He was known locally as being the "business guy" and had a wealth of experience that has helped build Gymshark's strong foundations over the years. 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. Then Covid got in the way and thats been delayed until further notice. [7] Later in the year, the company secured investment from private equity firm General Atlantic. Life at cooper parry. Hes also becoming its new Executive Chairman. 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 Paul says: "My mantra has always been to work really, really hard. We're incredibly close. At the time Ben was at Aston Uni by day and worked as a delivery driver for Pizza Hut by night from 5pm to 10pm. MAKING TAX DIGITAL. We had amazing people around us who were helping us.'. Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. Download our app on iPhone or Android. Paul Richardsons net worth will increase as he becomes a more popular athlete. In 2021, Richardson acquired Long Itchington and Ufton Woods, a 200-acre woodland which is a Site of Special Scientific Interest (SSSI), as well as a 200-acre woodland in East Hareshaw, Scotland and a 228-acre farm in Warwickshire. Shop the best selection of deals on Cat Supplies now. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. He has a net worth of more than 700 million. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. We have literally come from hand-stitching a product to being a billion-dollar brand.. 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. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. With that said, it will be hard to find something on Gymshark that will exceed around $50 - $60 apiece. Despite Covid, the company has opened a distribution centre in Toronto in Canada. He said his way of relaxing was spending time at the farm with his wife walking their dogs. In the ten years he has been in business, Gymshark co-founder Ben Francis has seen a meteoric rise in the success of his brand - as well as his nearly 700m ballooning personal wealth. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. Deals and discounts in Tablets you dont want to miss. Shop our favorite Bath & Body finds at great prices. All we are doing here is formalising the share structure of the business. Speaking to the Mirror Onlinehe revealed: 'I just wanted to step back and look after the people I love most. LANDLORD. 19th Jul 2022, 12:06pm. He joined a gym which he found intimidating but learnt from YouTubers to get results. News of the redundancies came as a shock to the business community. He was inactive for the final two games of the season. Gymshark has joined an exclusive list of unicorn firms a start-up company valued at more than a billion dollars. The Gymshark story is amazing. ALPHA WASTECARE LIMITED (04160904) Company status Dissolved Correspondence address 363 Park Road, Hockley, Birmingham, West Midlands, B18 5JA. He wanted longer, stretchier and more fitted gym clothes. Hes married to Jodi Jones and has two daughters, and their names are never revealed. 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. Then enter Insiders Made in the Midlands Awards 2023. -. We are going on this growth journey in a completely different way to what anyone else has ever done before. But, let us make it clear already. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. 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. Discontinued nestle Coffee Mate Light in the ways you 've consented to and our. 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