×
181
Fashion Jobs
GIOVANNI RASPINI
UK Sales Manager
Permanent · LONDON
PAUL SMITH
Junior Art Director - Japan
Permanent · TOKYO
STEPHANIE JACKSON RECRUITMENT.
Supervisor - Watches / Diamonds
Permanent · LONDON
THE POP GROUP
Account Manager
Permanent · LONDON
SANDRO UK
Sales Assistant - 16 Hours - Brighton Store m/f
Permanent · KANSAS CITY
VIVIENNE WESTWOOD LTD
Store Manager
Fixed-term · YORK
PAUL SMITH
Wholesale Ecommerce Support Intern
Internship · LONDON
PAUL SMITH
Deputy Manager - Mayfair
Permanent · LONDON
SANDRO UK
Assistant Store Manager m/f
Permanent · LONDON
GUESS UK
Assistant Manager - Icon o2
Permanent · LONDON
LEVI'S
Retail Assistant - 8 Hours
Permanent · Gloucester
SANDRO UK
Store Manager - Harrods Menswear m/f
Permanent · LONDON
CAGECITY LONDON
Fashion Marketing Intern - Tiktok/Instagram
Internship · LONDON
GRAND DUCHY INC
Ecommerce And Marketing Intern - Skin & Haircare
Internship · LONDON
GRAND DUCHY INC
Graphic Design Intern
Internship · LONDON
GRAND DUCHY INC
Digital Marketing And Social Media Intern
Internship · LONDON
GRAND DUCHY INC
Copywriter Intern
Internship · LONDON
NEW BALANCE
Retail Associate (20 Hours) - Livingston
Permanent · Livingston
VOIR FASHION
Fashion Journalism - Remote Writing Internship
Internship · LONDON
VOIR FASHION
Fashion Journalism - Remote Writing Internship
Internship · LONDON
THE KOOPLES
Full - Time Sales Assistant - Birmingham
Permanent · BIRMINGHAM
SUZIE TURNER
Executive Assistant And Global Client Manager Internship
Internship · LONDON
Published
Jul 24, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dr. Martens owner Permira joins suitors for Gymshark stake

Published
Jul 24, 2020

The owner of Dr. Martens has entered the bidding war for a minority stake in fast-growing sportswear brand Gymshark, joining the group of private equity firms that have been circling the business.


Gymshark


Permira, which has owned Dr. Martens since 2014, also backs popular dress label Reformation and Swedish fintech startup Klarna.

According to Sky News, Permira has recently made a bid for a stake in Gymshark. American growth equity firm General Atlantic Partners, which has investments in Sezanne and Depop, and TSG Partners, whose portfolio includes Revolve and Huda Beauty, are among the other suitors alongside L Catterton and Inflexion Private Equity.

Gymshark founder Ben Francis is thought to be looking for a partner to acquire a 20% stake in his activewear company. Made popular via social media endorsements, Gymshark is one of the UK’s fastest-growing fashion brands with revenues surging to £176 million in the year to July 2019.

The imminent stake sale has attracted plenty of interest in a rare example of private equity firms looking to invest in a fashion brand following the coronavirus crisis. But while other fashion retailers are struggling, Gymshark is thriving, supported by its focus on comfortable activewear and wellbeing.

The company hit a £500 million valuation in April last year, and sources have said Ben Francis is thinking of a valuation of around £1 billion. 

Copyright © 2021 FashionNetwork.com All rights reserved.