Sportswear brand laying off 65, ceasing most operations in Denver

GymShark

A few of the products available on GymShark’s website. (Screenshot)

A U.K.-based apparel company is laying off staff in its Denver office, which serves as the company’s U.S. headquarters.

GymShark said in a letter to the state this month that it plans to lay off 65 to 67 employees by March 24. The company’s Denver office is in Republic Plaza at 370 17th St.

Founded in 2012 by then-teenager Ben Francis, GymShark creates and sells fitness apparel. GymShark employs over 900 people and expanded to the U.S. in 2019, according to the company’s website. The company has five offices, including the one in Denver.

GymShark said in the letter it is “ceasing a substantial portion of the operations” in Denver, without specifying what would remain. The company didn’t respond to requests for comment.

GymShark has been valued at over $1 billion, according to previous media coverage.

The company notified the state in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, which requires large employers to provide advance notice of plant closings and significant layoffs.

California-based Specialized Bicycles also told the state this month it is cutting 15 Colorado employees as part of a 120-person layoff.

GymShark

A few of the products available on GymShark’s website. (Screenshot)

A U.K.-based apparel company is laying off staff in its Denver office, which serves as the company’s U.S. headquarters.

GymShark said in a letter to the state this month that it plans to lay off 65 to 67 employees by March 24. The company’s Denver office is in Republic Plaza at 370 17th St.

Founded in 2012 by then-teenager Ben Francis, GymShark creates and sells fitness apparel. GymShark employs over 900 people and expanded to the U.S. in 2019, according to the company’s website. The company has five offices, including the one in Denver.

GymShark said in the letter it is “ceasing a substantial portion of the operations” in Denver, without specifying what would remain. The company didn’t respond to requests for comment.

GymShark has been valued at over $1 billion, according to previous media coverage.

The company notified the state in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, which requires large employers to provide advance notice of plant closings and significant layoffs.

California-based Specialized Bicycles also told the state this month it is cutting 15 Colorado employees as part of a 120-person layoff.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Retail,

Editor's Picks

Comments are closed.