Whilst still there, and with cash in the bank from skimming margins, Ben and Lewis were able to stock all the gym wear they could get their hands on. He launched his exercise clothing company from his parents home while he was a student at Aston University in Birmingham. 100 acoustic hits, , . "To have started this brand in my bedroom to now have a store here on Regent Street, is just mind blowing.". 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. Son of Francis Lewis Esq. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Ben Francis co-founded Gymshark with his friend Lewis Morgan in 2012 Who is Ben Francis? 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. After selling his shares for a hundred million, no one knew the reason behind the entrepreneur walking away from such a high valued company. Francis stepped back as CEO six years ago, handing the reins to then-managing director Steve Hewitt, a former director at Reebok. Vault Verdict Associate Reviews Why Work Here DE&I Getting Hired Here Summer Program. Another thing Lewis is passionate about is telling his story with the hope of inspiring other people to achieve their goals. HOW BEN FRANCIS AND LEWIS MORGAN STARTED BILLION DOLLAR BRAND - YouTube Its success led to Francis being invited to join then-PM Theresa Mays Small Business, Scale-Ups and Entrepreneurs Business Council. . He and his friends Ben Francisand Lewis Morgan would Skype each other late into the night to share entrepreneurial ideas. Confronted with the cocaine video, Francis who has almost 200,000 followers on Instagram said: Four years ago, I was a young guy. As a privateer he became very wealthy. I want to share my journey and everything I've learnt on the way. Brother of Ann (Lewis) Robertson and Francis Lewis Jr. In August 2020, a year after Gymshark hit $214 million in revenues and $18 million in net income, General Atlantic purchased its stake, just as the Covid-19 pandemic shut down gyms around the world. Brother Reiss and Kristian Edgerton of AYBL Group (left and right) with Lewis. Experts blast plan to resurrect 29bn Help to Buy scheme before the next election saying proposal by Rishi Sunak 'I'm no deadbeat dad!' Albanian prime minister Edi Rama accuses UK of having a 'nervous breakdown' over Channel migrants, saying Putin's gymnastic lover makes rare appearance at gymnastics event for children from parts of Ukraine invaded by Did the King gift the late Queen's dresser Angela Kelly a house in bid to stop another royal memoir? spring, Bowling Green State University | 2.5K views, 38 likes, 25 loves, 72 comments, 17 shares, Facebook Watch Videos from Bowling Green State University: Join us as we celebrate our spring 2023. Francis has stayed close to his roots in the U.K.'s West Midlands, with Gymshark headquartered in Solihull, just outside of Birmingham. Ben Francis is a British businessman and entrepreneur, born on June 4, 1992. ', The comments below have not been moderated, By When he got home from the expo, Francis decided to turn the store back on, sharing on Facebook that it was live again. By Robbie Peterson April 21, 2023. It means they effectively acted as middlemen to market and sell the products, without having to take on the additional cost and risk of buying stock themselves. Edward Morgan. 5. Francis built two fitness apps when he was an 18-year-old college student. Lewis Morgan, 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were at university, working from their parents' houses. Morgan Lewis. How Ben Francis built Gymshark to a 1 billion global fitness - Medium "A company is just a face. [13][12], In 2012, aged 19, he launched Gymshark in his parents' garage with school friend Lewis Morgan. It started with stringer vests and quickly grew from there. [15] In 2013, branching out from supplements, Francis began designing and selling fitness apparel on Gymshark's website. At the same time, Francis was having trouble finding outfits that would show off his muscles. Ben Francis net worth 2022. Whats Next for Gymshark? Gymshark grew thanks to partnerships with fitness influencers on social media, paying them small amounts to wear the company's gear in their videos. Solving problems creatively is key. Gymshark - Wikipedia Francis founded the company in 2012 alongside his friend Lewis Morgan, selling fitness supplements from a garage that acted as their office. What is Shopify and How Does Shopify Work in 2022? The multi-millionaire who bought a Cotswold farm before age 30 How Gymshark Became a Billion-Dollar Business Still, Francis army of influencers has already powered him to billionaire status, and the location of his companys new store in Londona six-minute walk from Nikes flagship and just a block from Lululemon'sis a sign of where the college dropout wants to take his fast-growing brand. 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. 11, 2010. Video from ep. 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'. 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. 2.7K views, 31 likes, 6 loves, 13 comments, 4 shares, Facebook Watch Videos from Dbstvstlucia: DBS MORNING SHOW & OBITUARIES 27TH APRIL 2023 No. EXCLUSIVE: CBS is developing Married With Friends, a multi-camera comedy inspired by and starring real-life married couple Blake Lee (Cruel Summer, Fam) and Ben Lewis (Arrow). 2023 Forbes Media LLC. Gymshark is now available in 230 countries via its 14 online stores, and it employs over 900 people, with offices in five regions. Gymshark is a global 'athleisure' brand (clothing worn for sport and other activities). 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. However during his time there he was more interested in the business, and skipped lectures in order to deal with the growing workload. To support themselves, they worked part-time after school. He incorporated the business with schoolfriend, Lewis Morgan, in 2012. He had launched a few fitness apps and websites by this time, but he wanted to take the next step and sell actual products online. Not bad for a boy from Bromsgrove who started his business in his parents' garage and who is now at the helm of a Solihull business with 550 employees. Forbes estimates that Francis 70% stake in Gymshark is now worth $1.2 billion, making the 30-year-old entrepreneur one of the youngest newcomers on the 2023 Worlds Billionaires List. Ben founded Gymshark when he was 19 years old, while still a student at Aston University. Hat-trick hero! Lewis Morgan already proving worth for New - mlssoccer When we couldn't afford product to sell, we drop shipped. To put that into perspective, Ben and I had achieved half that in the same time at Gymshark. Both of them entered the top charts in the UK, although, back in 2011, competition wasnt particularly high.. 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. Another reason is that Gymshark is an online-only, direct-to-consumer brand. But Lewis wasn't always so focused, and admits to being very different at school. Ben Francis is still only 26 but his business is expected to see turnover hit 100m this year By Suzanne Bearne Business reporter The BBC's weekly The Boss series profiles a different.