Gymshark To Open First Brick-And-Mortar Store As CEO Downplays IPO

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Athleisure and fitness brand Gymshark is to launch its first ever bricks-and-mortar store on Regent Street, London

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"It's going to be incredible, it's going to be experiential, and we want to bring as much of that Gymshark vibe and community in to this place,” said Francis. “Our new Regent Street store is about experiential spaces that bring the conditioning community closer together than ever before. I have said that we want to create something that lasts longer than any of us and this is a real game changer.

Gymshark secured its valuation of more than $1.3 billion after raising about $265 million from U.S. fund manager General Atlantic, although these funds were used to allow existing investors to exit rather than to fund international growth. Given his 70% stake, the deal made the 29-year-old founder one of the wealthiest British entrepreneurs in the business.Although Gymshark has declined to comment further on any potential IPO plans, last month the company told U.K.

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