GymShark news and archive

Gymshark weighs up US and EU expansion as UK flagship store does better than expected

British sportswear brand Gymshark is targeting global expansion with store openings in key retail locations, as its debut store on Regent Street in London performs better than expected. The brand is reportedly "actively looking" for potential locations across the UK, the US and Europe, but is prioritising sourcing the right locations before...

Report

Gymshark names Kim Dolder as its first GM for North America

Gymshark has appointed Kim Dolder to the newly created role of general manager, North America. Dolder, the company said, is the latest in a series of senior appointments at Gymshark, following Mat Dunn joining from Asos as chief financial officer, Carly Natalizia joining from The Very Group as chief digital officer and Laurent Madeleine joining...

Report

Gymshark names first chief digital officer, outlines plans for 2024

Sportswear specialist Gymshark has appointed Carly Natalizia as its first chief digital officer, a role in which she will be responsible for the end-to-end digital customer journey. In addition to this, Natalizia has further been tasked with “defining the global strategy for the digital ecosystem, maximising the power of the brand and optimising...

ManagementFeatured

Gymshark 2023 revenues up 15 percent, announces expansion plans

In its accounts filed for FY23, activewear brand Gymshark Group Limited reported 15 percent increase in revenue to 556.2 million pounds. However, the group’s gross margin contracted to 60 percent compared to 65 percent in the previous year. Pre-tax profit also declined to 13.1 million pounds. The company’s EBITDA including exceptional items rose...

Fashion |In Pictures

Gymshark launching headband designed for textured hair

Fitness apparel brand Gymshark has unveiled a new headband designed with the Black community in mind, which offers people with textured hair a headband that supports them through their workouts. The Diffuse Sweat Headband has a double-layer construction that allows a ‘one size fits all’ approach with stretch-to-fit material to accommodate...

Report

Gymshark CCO Niran Chana to step down

Sportswear brand Gymshark has announced that its chief commercial officer Niran Chana has decided to step down from the position to “pursue different ambitions”. The company made the announcement on its LinkedIn page, where it thanked Chana for the “invaluable role he has played in getting Gymshark to where it is today”. The statement continued:...

ManagementFeatured

Gymshark posts dip in profit in spite of rising sales

Sportswear retailer Gymshark has outlined its financials for the year to July 2022, with the group reporting a clear dip in profits largely impacted by “the general economic environment”. The Solihull-based company reported that its pre-tax profits fell 39 percent to 27.8 million pounds, dropping from 45.4 million pounds the previous year. This...

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Gymshark names David Laid as creative director, lifting

Gymshark, the fitness community and apparel brand, has announced the appointment of David Laid, one of the famous bodybuilders, fitness models and influencers as its first creative director, lifting. Commenting on his new role, Laid said: “When the guys at Gymshark said to me ‘do you want to come and be responsible for resurrecting our heritage...

Report

Gymshark to cut 65 US jobs

British sportswear brand Gymshark is cutting 65 jobs at its US offices in Denver. “We can confirm we are restructuring our US business, which will see the elimination of 65 jobs,” a spokesperson for the brand told FashionUnited following media reports of the news. They continued: “We are taking this move purely for commercial reasons to...

Report

Gymshark appoints first chief supply chain officer

Sportswear brand Gymshark has tapped Lacoste exec Laurent Madelaine as its first chief supply chain officer. Madelaine joined the French fashion brand in 2017 as global marketing director before being promoted to executive vice president of operations in 2019. Earlier in his career, he spent time at Sears, Carrefour, and Tesco. In his new role...

Report

Gymshark appoints former Tate & Lyle HR head to chief people officer

Fitness brand Gymshark has announced the appointment of Laura Hagan to the role of chief people officer, effective from January 2023. Hagan is the latest in a series of senior appointments at the company, following former Asos exec Mat Dun as chief financial officer, Burberry’s John Douglas as chief technology officer and Carly O’Brien to VP,...

ManagementFeatured

Gymshark taps Asos’ Mat Dunn as new finance chief

UK gymwear retailer Gymshark has appointed Mat Dunn as its new chief financial officer, the latest in a number of top level hires at the fast-growing business. In his new role, Dunn is tasked with helping Gymshark become “the global powerhouse and iconic brand he and all the senior leadership believe it can be”. He joins the company from fashion...