Sports apparel brand Gymshark has just hit a $1.3bn valuation after securing investment from General Atlantic. The company, started by Birmingham UK-born Ben Francis in 2012, now age 28, has entered into a strategic partnership in order to expand further internationally. General Atlantic will take a 21 per cent stake in the business following the deal, which marks Gymshark’s first ever investment round.
Gymshark began life as a supplements company, before moving into clothing. The apparel, initially… READ MORE @ Forbes