Gymshark

Gymshark: a firm bought 20% at a $1.3B valuation, founder is 27

Sam reports that a firm bought 20% of athleisure brand Gymshark at a $1.3 billion valuation. The founder, who started the company at 19, is only 27, and the brand does roughly £300M a year in sales.

“It happened this weekend for $1.3 billion.”