Gymshark founder quashes ‘imminent’ IPO plans despite soaring revenues

Gymshark chief executive and founder Ben Francis

Gymshark chief executive and founder Ben Francis has quashed rumours of an upcoming stock market flotation, despite doubling sales year on year.

Speaking digitally, Francis said the online sportswear giant had been in talks with banks “to better educate ourselves on our options moving forward” over the coming years. He added that nothing “imminent” was planned at present, with his focus remaining on the brand’s continued international growth.

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