Mat Dunn has left Gymshark after serving as CFO for just under two years.
- Originally from Asos, Dunn joined Gymshark in December 2022.
- A spokesperson highlighted Dunn’s significant contributions to finance and commerce.
- Gymshark is actively expanding with new stores planned for 2025.
- Despite growing sales, the retailer’s pre-tax profits have halved.
Mat Dunn has departed from his role as Chief Financial Officer at Gymshark after a tenure that lasted just under two years. His journey with the fitness apparel company began in December 2022 when he transitioned from a similar role at Asos, where he served as both Chief Operating Officer and Chief Financial Officer. During his time at Gymshark, Dunn was acknowledged for his significant role in advancing the finance and commercial sectors of the company.
A Gymshark spokesperson expressed gratitude for Dunn’s contributions, stating, “Mat was instrumental in evolving our finance and commercial functions, and we thank him for all he contributed.” Dunn’s departure coincides with an ambitious expansion phase for Gymshark as the company plans to inaugurate three new permanent stores along with a retail outlet pop-up in 2025.
This strategic movement comes on the heels of recent developments such as the unveiling of Gymshark’s second UK flagship store in London’s Westfield Stratford City this Autumn. However, the company’s financial reports reveal a contrasting picture; while sales saw a 14% boost, climbing to £556.2 million, the pre-tax profit for the year ending 31 July 2023 fell sharply to £13 million from £27.8 million in the previous year.
The departure of Mat Dunn marks a significant transition period for Gymshark amidst its expansion initiatives and shifting financial landscape.
