Gymshark secures new backing to target North American market
Sports clothing and accessories firm Gymshark has secured new equity investment for the first time since the company was founded in 2012.
US investor General Atlantic has taken a 21 per cent stake in the firm for an undisclosed fee although a spokesperson claimed the deal valued Solihull-based Gymshark at more than £1 billion.
Gymshark was founded by Ben Francisin his parents’ garage when he was…