Gymshark achieves unicorn status as major investor takes stake
Gymshark has sold a 21% stake in the business in a deal which values the fitness clothing brand at more than £1bn.
Global growth equity firm General Atlantic has come on board as a strategic partner in its international growth plans.
The valuation sees Gymshark join an exclusive list of fewer than 25 British companies to have secured unicorn status since 2001, achieving the feat in just eight years.
Gymshark founder Ben Francis said: "I firmly believe Gymshark has the potential to be to the UK what Nike is to the US and Adid... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
