Potential investors swarm for a bite of Gymshark

Published by

Nicky Godding

Solihull-headquartered gym and athleisure brand Gymshark is seeking to sell a minority stake of the company, it is reported.

Turnover soared at Gymshark last year. In the year ended July 31, the company turned over £176 million, more than £73 million more than the previous year – a rise of 71 per cent.

Pre-tax profits also rose at the Solihull-headquartered athleisure brand, to more than £18.4 million, up from £17.5 million last year.

The company achieved these sales by expanding into new global markets by rolling out additional e-commerce websites.

Accountants PwC are running the sale process and it is reported that a host of private equity firms, including Permira, Inflexion, General Atlantic, TSG Partners and L Catterton are understood to be interested in bidding.

Gymshark is one of the UK’s fastest growing companies but unless you follow Instagram (Gymshark has more than four and a half million followers), or you’re under 30, you would be forgiven for not having heard of the brand, because it doesn’t have a permanent high street retail presence.

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.