Gymshark: He built a billion dollar fitnesswear brand in his 20s | CNBC Make It
ฝัง
- เผยแพร่เมื่อ 22 ส.ค. 2021
- Gymshark founder Ben Francis has returned to his role as CEO of the $1 billion fitnesswear brand worn by celebrities and influencers alike. Now, Francis has his sights set on making Gymshark the United Kingdom's answer to incumbents like Nike and Adidas. CNBC Make It's Vicky McKeever spoke to the 29-year-old founder about his journey from his parents' garage to the firm's expansion into the United States and Asia.
-----
Subscribe to us on TH-cam: cnb.cx/2wuoARM
Subscribe to CNBC International TV on TH-cam: cnb.cx/2NGytpz
Like our Facebook page:
/ cnbcinternational
Follow us on Instagram:
/ cnbcinternational
Follow us on Twitter:
/ cnbci
#CNBC #MakeIt #Gymshark
It takes an intelligent person to realize you're not the best person for a specific job. Respect that he stepped down as CEO to gain experience.
he stepped down but doesn't it mean he isn't the owner anymore?
@@DempsisPowell42 He still owns majority share, he just has a different role.
@@DempsisPowell42 just because he isn’t the ceo doesn’t mean he isn’t the owner anymore. He has the most stakes.
Totally agreed, it takes a person of intelligence and humility to accept their own weaknesses.
when things aren't working for you and you don't know what to do, you'll realize it too...
Thank you for all of the kind comments, and to CNBC for telling my story! 🦈 ❤️
Thanks for sitting down with us to tell it!
Nice work man
Hope your brand come to India in the coming years
Bro ur my ideal now
Congratulations
Kinda sad no Matt Does Fitness was in the video...otherwise good job. ❤️
I am 22 years old starting my business now. I hope to be a successful entrepreneur one day.
Keep at it👏
Don't be in a hurry to sell ur stake at an early stage..bootstrap as long as u can..all the best
Same. Good luck to you.
Same! See you at the top
Good luck man!!
This guy and Tim Stokely are my heroes, true British multimillionaires who started from scratch
Also Oliver Cookson, Steven Bartlett…
Ben Francis is a true humble individual who knows what it takes to be top global competitor. Im in the States and see gymshark everywhere I go.
He speaks like an actual CEO.
he is a actual CEO lmao (tho)
What a brilliant young man.
We’re both of same age, and he is such an inspiration for me.
okay Ad s
Such a humble, aware person. Wishing you all the best!
Family support is so important in these things ❤ those who don't get this support from family understand this more than anyone else.
Wow, dang, stepping down to understand the entire business?! such an underappreciated and fantastic approach to leadership.
If I could hit the like button on this video a million times - I would, congrats to this guy.
a true icon and inspirational human being,young minds need to learn from this guy and this interview
Great to see Gymshark gaining traction in an extremely competitive market
Great quality at super affordable prices love it!!!
Very inspirational
Very humble
Big fan from the e-commerce community good job!
personally i don’t see nothing special about the brand but respect to this guy in building this business
Very inspiring!
He's super inspiring as well! as a person I mean. The fact he's unbelievably humble is simple superb. Such inmense SUCCESS is stil waiting for him!!
Gymshark is all over the gyms here in the US
Wow....he is so smart...to put ego behind and learn....and educate himself to be good CEO...
He's just awesome
What an incredibly inspiring story! Plus, what a formidable character he is. Fantastic! 🎉🎉🎉
Wow. Such a smart man in all aspects. Bravo to you!
Very humble man
crazy, i bought a gymshark t-shirt back in 2014 i thought it was already a big company back then
Don't get taken aback by his age because age and success or age and intelligence are never married.
6:30 is his core quality , to accept the truth
Congratulations to him and great job!!!👏👏👏👏
As someone who works out very frequently, the cost to longevity ratio just isn't high enough for their shorts and pants. It's clear the clothes are made with trendiness rather than durability in mind. It's fast fashion at it's most ubiquitous.
A dollar and a dream 👏🙏✊
Truly inspiring
wOW he is so humble
Huge fan of Ben... but I dont see gymshark being as big as the nike, puma adidas etc. The name alone means its limited to gym products while the other brands pull from many different sports and areas.
Great observation
Very true. I personally don't like Gymshark products.
That doesn’t matter. Companies always have different names and change their names over time. Google became alphabet. Albertsons became luckys and Snapchat is a subset of Snap. Name doesn’t matter so much that you should feel stuck and be limited to what you’re doing.
Thatsa narrow view
Bro everyone in instagram is now a bodybuilder
Besides anything else Gym Shark the name is also a great name. Gym Shark💯
I don't own Gymshark and would never buy it, but this guy is inspiring and deserves every penny he makes
Nice video.
It's truly amazing
bravo for this guy
So impressive
its the name gymshark ,,, which is doing the magic
My mentor bought Jaguar and landrover
Ratan Tata ❤️
I love this guy
Ben has amazing vision
Much better than all those crypto startup billionaires. 😂
Atleast gymshark makes real revenue.
I haven’t read a better comment for a while, there are tons of crypto billionares and with a a minute crypto can fall to zero
It’s an influencer based apparel company . Chill.
@@artofexistance Yeah, but will real cash flow.
@@artofexistance but doing that in 2014 is impressive
lol by your logic
stocks are also not real cash "flow"
therefore most of the billionaire that have net worth in company stocks are poor.
good stuff kid
What a inspiration!
Well done for being able to take step down
It is 100% business ! Congratulations! I wish Success !
Jaguar Land Rover is a fully owned subsidiary of Tata Motors (Indian company).
Hi guys
An 18 year old with a viable clothing brabd idea, it's test runs were met with very high praises and attention I know it'll sell, all I have is an unregistered logo and my mom's garage ....please advise me how to start?
Keep learning, build (design), get feedback, repeat.
No wonder I'm seeing so many ads of gym shark on Instagram
He is handsome
I have thought about getting gym shark instead of the other brands because they might cut clothes for muscular women, rather than assuming everyone who has a small waist is small everywhere else
When I heard "Birmingham", I thought of Tomas Shelby
He's very smart!
Never tried it would like too
Please bring it to India as well 🙏🙏🙏🙏
Wow.
Great video to realize how broke and useless I am
Why the interviewer looks like lois lane from man of steel?
what is it with people starting business in garages
A premier league outfit will be the ultimate achievement
”Literally“.
You need to have it in you to do it so congrats.
I've never heard about this brand....
They need to start making shoes
The shoes will look horrendous just like Under Armour, because the logo doesn't work well on shoes like apparel does.🤷🏾♂️
I wonder how many investors are behind this startup. If investors are less, Then Margin behind each commodity has to be pretty steep to achieve this production level.
He had no investors when he created the company and he just recently accepted investors money. Go to his TH-cam channel for more info.✌🏾
He had investors within the first 2 years. Two older white men and one went on to be the ceo. If you go on his TH-cam channel you’ll see them in the videos
@@GirlMathAndDebt He didn't have investors in the first 2yrs of his company. Those men he met at the gym and they later became the CEO and Chief Strategy Officer. Get your facts straight and rewatch his TH-cam videos.
Why do we all have to wear the same brand?
Peer and social pressure.
Keepin up with the Joneses. In all fairness the quality is really good now, though oddly when it comes to influencer focused brands I've had the best experience with buffbunny that woman has built a legging that lasts with her nubre fabric.
This is the first time to know him through the video. But I was inspired by his word, motivation and vision so I’d like to purchase his brand if they join the Japanese market in the future.
Got a billion dollars?
@@jimmytimmy3680 maybe yes🤔
@@jimmytimmy3680 he probly talkin bout stocks
How much is UNIVERSAL UCS OR IRRC S/C WORTH OR EVEN RCHNIKE SEARCH AND MONARCH? IRAQ IEAN IRELAND N IRELAND OF UK IRS IRCC
I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.
Great context.everyone needs more than there salary to be financially stable.the best thing to do with your money is to invest it rightly.because money left for saving always end up used with no returns. I started Investing in bitcoin mid November 2020 with the help of a well-known-proffessional Mr William Noble and the profit entirely funded my recent duplex.
The economic hardship, recession, unemployment and loss of jobs caused by covid 19 pandemic is enough to push people into financial ventures
Well I'm so happy I just got into crypto trading and I made my first profit, I wish I knew about crypto earlier I would have made a lot of money by now
had the same struggles as a beginner before a colleague introduced me to Mr William Noble who showed me great strategies on how trade and accumulate profit constantly which helped alot during the download and unlike others,He doesn't ask for anything to teach you.Good people still exist
mr William is really amazing. trader with amazing skills, he changed my 0.5 btc to 2.3btc
More for fun than anything. In love with.
Meh, not a fan of the name & the people that wear it.
Gotta admit though, he found a way into the market 👍
Why.. its affordable and it lasts longg af
this is so cool lmaoo
gymshark name itself sells. But i love the quality
Hi. JLR is Indian now :P
I find it odd that there’s still a perception of companies like JLR, RR, Bentley, MINI etc. as being British when none are British-owned and they were all failing badly when they were British-owned. I think Ben Francis seems lovely and well done for his success and hard work, but those are not icons of British success to me…
lmaoo hahahaha
I'm surprised at no mention about the problems behind this brand. And that includes steroids.
They act like they invented gym clothing. It's purely taking advantage of influencer culture and fakt natties to market to the endless dudes that show up to the gym once a month
Funny thing land rover and jaguar are no longer "britsh brands" TATA motors an Indian company saved / bought them out from the brink of bankruptcy... from ford in 2008
So many fitwear brands they didn't like what was available. What's is wrong with everyone else, then? It's such a saturated market. Over my head
omg gymshark thats the brand that annamcnulty wears
valuation is stupid way to measure a company's success, esp a start up.. it only matters if youre a shareholder looking to cash out soon
Facts that’s why economy bubbles happen like in 2008
What indicators ARE valuable to measure success.
@@jimmytimmy3680 revenue
Well they had a billion pound influx of capital so he owns a good portion of the company, but eventually they'll want their bag back so the question is what's the exit? Grow market share in the US and other countries or go public?
@@kgal1298well he said he wanted to expand to other countries
Thumbs up if you get a feel of deja vu
I don't understand why this company is doing so well. It cry's "douchy"
Bet you didn't understand calculus and vectors either but that doesn't change anything
@@alanv3185 true that
Apparently it’s great quality for a fair price.
Some things can be “docuhy” but they probably have basics too. And if they work well? And cost less than freaking lululemon? People will buy.
After you can try to work with a gym School as Smart fit.
too bad TATA bought JLR in 2008👽👽
do u even
lift bro
Just do something that will earn you money while you sleep, no matter how little. A pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream and everyone had to stay home. Well I never felt it because I invested in a trading company where I earn 4 digits per week. The best thing you can do for yourself is invest more and spend less.
i have always wanted to get into investment but i am scared not to fall in the wrong hands , who is your pro ?
Tamara Diane Hagan , she is the best broker, I have tried lots of professionals but only exceptional income trading her
with Tamara Diane Hagan strategy now earning over $15,300 every 10 days.
I have heard a lot about investing with Tamara Diane Hagan and how good she is, please how safe are the profits?
I have also been trading with her, profits are secured and over 💯 percent return on investment.
If this in india social media brothers come up say that women is against our culture 🤣
lol another sports bra n trunks company
Yet a 1.4 Billion of worth. Mofa did something correct appearently
@@keziahdelaney8174 problem is they show models in those work out bras, but we done like them by wearing them
Never heard Puma be pronounced Pewma
It's how we pronounce in India too
Yet the clothes rip after a fart
Why? Just by lulu
Am I the only one who thinks the logo isn’t that cool? I mean it’s cool logo and they have some cool shirts but I don’t think it’s a billionaire dollar business. Just my opinion
Im gonna make yoga pants called Camels...
I don’t think most women will buy it….just saying
He is also started his Business in 19 me also 19 Started SongLyricsPro Damn we both are same way!
lol he built his company by telling roided athletes to claim natty and sell supplements to
children
I thought what helped him grow was having women wear the earlier glorified booty emphasized leggins and take belfies and post them to IG.