photos of marco polo founded online sportswear giant Gymshark
Mr Francis added: “Lewis and I had a lot of fun building Gymshark and I’m proud of the success we’ve achieved. I wish him every success in his future ventures and can’t wait to start the next exciting chapter in Gymshark’s story with a great new team around me. The new team members are very capable, experienced and highly professional, which is what’s needed to take the Gymshark brand to the next level.”
Gymshark is an online sports apparel and accessories brand which was set up by two university students in 2012. Last year it was the fastest growing online apparel brand in the fitness aesthetic market in the world and now sells in 131 countries.
The company’s revised structure will see Mr Francis becoming the majority shareholder of a new holding company, Clade Group Ltd,
with the remaining shares split between Steve Hewitt, Paul Richardson and Lewis Morgan, who will become the second largest shareholder with 20 per cent.
The board of directors for Clade Group Ltd will be Ben Francis, Steve Hewitt and Paul Richardson with Lewis Morgan becoming joint company secretary along with Gateley Plc.