Gymshark founder in talks to buy back part of stake sold to private equity firm
Ben Francis, who started business in parents’ garage, sold 21% stake in deal that created £1.25bn sportswear brandBusiness live – latest updatesThe founder of Gymshark is in talks to buy back a portion of the stake he sold to private equity in a deal that created a billion-pound sportswear empire, as the 34-year-old looks to increase his control of the exercise clothing brand.Ben Francis, who started the business sewing his own gym clothes in his parents’ garage in 2012, sold…
Source: www.theguardian.com