Founder 250 Weekly Wrap: MAGIC AI, AO, Gymshark, Fuse Energy
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As part of a weekly series, BusinessCloud is highlighting updates from some of the companies featured in our Founder 250 list. The UK-wide list celebrates 250 of the country's best founder-led and founder-influenced businesses. RSM UK is the headline sponsor of Founder 250, alongside law firm CG, property specialist OBI and investor Mercia Ventures. Online electrical retailer AO has acquired Jessops, a leading specialist photography retailer, from Dragons' Den star Peter Jones CBE. The acquisition comes just a month after the Bolton-based eCommerce launched AO Mobile, promising 'no gimmicks' and plans from as little as £12 a month. Now the business, which was launched by John Roberts in 2000 on the back of a £1 bet, has expanded into photography with the deal for Jessops. Roberts said: "I am delighted to welcome Jessops into the AO family and look forward to growing the existing business as well as integrating the category into the wider AO business. Our plan is clear and we will keep delivering on it." Gymshark, the cult fitness community and apparel brand founded by Ben Francis, is preparing to open its first-ever public gym. The Gymshark Lifting Club (GSLC Miami) will open in Miami's Wynwood district, marking another significant expansion for the global fitness brand. Ben Francis MBE, founder and CEO, Gymshark Gymshark already operates a Lifting Club at its UK...
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