All Gymshark articles – Page 2

Analysis

How COVID-19 has impacted the Fitness Market – Insights and Trends 2023

2022-06-29T15:26:00Z

Thanks to vaccination and a bit more harmless variants of COVID-19, the fitness market is on the rise again. Booming for years before the pandemic caused a sudden halt, the branch is rearranging itself. In our fitness insights, we take a look at the situation before Corona hit, the changes ...

News briefs

Gymshark with new VP of marketing

2022-06-21T11:35:00Z

Sportswear brand and fitness community Gymshark has appointed Carly O’Brien as vice president of marketing, whose role will be to make the brand “a household name,” according to media reports. In addition to driving growth and brand awareness for the online activewear giant in the U.K. and internationally, O’Brien will ...

Article

Gymshark FY profit up 47 percent, readies London store

2022-05-25T06:19:00Z

Gymshark Group Ltd.’s net profit rose by 47 percent to £36.5 million (€41.4m) from £24.8 million for the 12 months ended July 31, 2021. Group revenues for the DTC-only brand increased by 68 percent to £401.9 million (€455.8m) from £260.7 million. Financial year operating profit slipped to 11.6 percent from ...

News briefs

Gymshark plans global restructuring in preparation for expansion

2022-04-08T10:55:00Z

According to various media reports, Gymshark is restructuring its business, a move that most probably will lead to the loss of jobs globally. The brand is reportedly undergoing the restructuring process to improve cross-functional working, guarantee localized accountability, remove duplication and ensure efficiency in teams, processes and systems. As a ...

Article

Yearly cross-border e-commerce ranking sees DTC sales on the rise

2022-03-31T15:31:00Z

Cross-Border Europe (CBCommerce), a platform promoting cross-border online commerce in Europe, published its yearly Top 500 Cross-Border Retail Europe study on the 500 strongest European players in cross-border e-commerce for the fourth time. Cross-border online commerce (excluding the travel segment) generated total sales of €171.2 billion in the EU in ...

News briefs

No immediate plans for Gymshark’s IPO

2021-11-09T17:09:00Z

Indicating that Gymshark’s sales almost doubled to £400 million (€470m-$543m) in the 12 months ended in July, Ben Francis, the young co-founder and CEO of the nine-year-old British fitness apparel company, tells The Financial Times that there are no immediate plans for it to go public. He confirmed that he ...

News briefs

Gymshark is reportedly weighing an IPO

2021-10-13T15:49:00Z

Ben Francis, the 29-year-old British entrepreneur who co-founded Gymshark in 2012, and his private equity supporters have started discussions with investment banks and potential institutional investors about a possible public offering, according to Sky News. The talks are said to be in a preliminary stage. There is no certainty that ...

News briefs

Sony sues Gymshark for misuse of songs

2021-07-20T17:05:00Z

Sony Music has filed suit against Gymshark in the U.S. federal court for Central California for copyright infringement in its social media campaigns. Its complaint states that the British DTC brand of fitness apparel, which recently set up an office for the U.S., “misappropriated hundreds of the most popular and ...

Article

Gymshark’s co-founder and main shareholder replaces Hewitt as CEO

2021-07-01T13:40:00Z

Starting on Aug. 1, Ben Francis, the 29-year-old entrepreneur who co-founded Gymshark in 2012 and is the British fitness apparel brand’s controlling shareholder, will take over the role of CEO from Steve Hewitt, who had been appointed managing director in 2015 and promoted to CEO two years later. Francis has ...

News briefs

Gympass’ valuation more than doubles to $2.2 billion

2021-06-30T17:07:00Z

Gympass has seen its valuation more than double to $2.2 billion, apparently reflecting a return to pre-Covid levels in the activities of fitness gyms and wellness studios, through a new $220 million round of financing. The big corporate wellbeing platform said it saw “a record four million monthly visits across ...

Infographics & Data

Best-performing sports brands in the German online market

2021-06-24T06:38:00Z

This is an extract of the research study The sports brands winning the online race in Germany in which we analysed 60 leading sports brands in Germany.

News briefs

Gymshark opens an inspirational office in Denver

2021-03-18T17:12:00Z

As planned, Gymshark has opened its head office for North America in Denver, Colorado. It will host regional functions in such areas as product development, branding, athlete management, legal and customer service in an inspirational environment. Much like its global headquarters in Solihull, England, the space offers a number ...

News briefs

Will Gymshark come out with a line of shoes?

2021-02-02T18:28:00Z

The question was asked at the end of a presentation by Justine McCarthy, development director at Gymshark, in one of the workshops organized as part of the rich conference program of ISPO Munich Online. “Watch this space,” she replied with a smile, without providing any further details. Gymshark, a nine-year-old ...

Article

A £1 billion valuation for Gymshark

2020-08-18T17:35:00Z

A New York-based private equity investment firm, General Atlantic, said it is acquiring a 21 percent stake in Gymshark, a fast-growing U.K.-based fitness apparel brand born eight years ago, in a deal that values it at more than £1 billion (€1.11bn-$1.32bn). While the fitness apparel market is very buoyant right ...