{"id":231992,"date":"2023-04-24T10:55:32","date_gmt":"2023-04-24T09:55:32","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=231992"},"modified":"2023-04-24T17:14:32","modified_gmt":"2023-04-24T16:14:32","slug":"international-growth-drives-revenues-at-gymshark","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/international-growth-drives-revenues-at-gymshark\/","title":{"rendered":"International growth drives revenues at Gymshark"},"content":{"rendered":"
Gymshark<\/a><\/span>, the fitness community and apparel brand, has published its accounts for the year ending 31 July 2022, with revenues in the year rising 21% to \u00a3485 million, led by a 25% growth in US turnover.<\/strong><\/p>\n <\/p>\n Gymshark, which trades to 180 countries worldwide, saw only small sales growth in the UK, rising just under 3% to \u00a389 million. The business was co-founded by entrepreneur Ben Francis in his parents\u2019 garage 2012, has since grown to over 900 employees.<\/p>\n The Birmingham-based company reported that its pre-tax profits fell 39% to \u00a327.8 million, dropping from \u00a345.4 million the previous year. The loss in profits comes as it was forced to slash prices despite a jump in the cost of raw materials and shipping.<\/p>\n