Ex-pizza supply boy’s fitness center agency price over £1bn

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Gymshark

A 28-year-old former pizza supply boy has accomplished a deal which values his sportswear firm at greater than £1bn.

Ben Francis began Gymshark from his dad and mom’ storage in 2012 when he was 19 years outdated, learning by day and dealing for Pizza Hut by night time.

The deal sees US personal fairness agency General Atlantic take a 21% share within the enterprise.

It is designed to assist Gymshark develop internationally, particularly within the US, the place it has most of its prospects.

“It has been an unbelievable journey over the past eight years to get so far, however as we speak indicators the following chapter within the Gymshark story,” mentioned Mr Francis.

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