Sportswear retailer Gymshark is set to restructure its international business which could place up to 121 jobs at risk.
According to Drapers, who were first to report the news, Gymshark said the restructuring is designed to put it in the best position to expand globally and ensure its strategies were being driven by “local experts”. It also revealed that those affected will first go through a consultation process.
It added that under the restructuring proposal, it would look to create over a 100 new roles, and where possible, it will attempt to offer these roles to its current staff affected by the move.
Founder and CEO, Ben Francis, told the outlet: “This was an incredibly difficult decision to come to and we know that this will be upsetting for our people. These proposals are subject to consultation and no decision has been made about how we will ultimately proceed. Our immediate priority is to help and support those at risk through this process and do what we can to best set them up for the future.
“We want to stress that this is absolutely no reflection on the quality of work, character or professionalism of those people affected and we will be doing all we can to help them demonstrate their skills and expertise.”
Retail Sector has contacted Gymshark for comment.