The Truth Behind Why Lewis Morgan Cashed Out Of Gymshark

The co-founder of Gymshark and chairman at the AYBL Group, Lewis Morgan, cashed out of the business he owned with Ben Francis in 2020. After selling his shares for a hundred million, no one knew the reason behind the entrepreneur walking away from such a high valued company.

In a recent interview with CEO Cast, the podcast platform, Morgan expresses the truth about the motive he had to leave.

‘When you start a company, the vision is always different in the end, but at the end of the day once we got into clothing the vision was always a community.’

Lewis Morgan

The co-partners initial idea was to essentially create a community through fitness which they evidently achieved by having a substantial revenue throughout the years.

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Although long term childhood friends, Francis and Morgan have recently exposed their split of friendship and business partners because of disputes over specifics. ‘Loads of stuff went on behind the scenes, which I’m not going to talk about, loads of nasty stuff.’

Francis had voiced several times that Morgan had left the company in 2014 due to the pair having different visions which tells a contrasting story to what Morgan had to say.

‘I’m not her to disrespect anyone or say anything but I want my part to be known I’m not having Ben going on people’s podcasts telling people that I left in 2014 because it’s not true.’

Lewis Morgan

Despite the fact Morgan left as a director in 2016 and not as a shareholder, Francis allegedly continued to rarely include his ex co-founder in any articles or the website. Still to this day, the once entrepreneurial duo, don’t even follow each other on Instagram anymore with a seemingly icy pull of the plug on friendship.  

‘It’s hard for me to say the exact reasons without getting solicitors on my door tomorrow.’

Lewis Morgan