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NEW YORK — Restaurants, bars and gyms will have to close at 10 p.m. Across New York state in the latest effort to curb the spread of the coronavirus, Gov. Andrew Cuomo announced Wednesday. The video was posted to Ryan Jaselskis' parents' YouTube account an hour before he allegedly tried to burn down the restaurant at the center of the conspiracy theory. Comet Ping Pong pizza shop in. Watch Washing Up at the Pizza Parlor World's Strictest Parents - Rachel Stevens on Dailymotion.
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A 28-year-old former pizza delivery boy has become one of the UK's wealthiest young entrepreneurs after agreeing a deal which valued his business at over £1bn.
Ben Francis was a 19-year-old student when he founded Gymshark, a fitness clothing brand, from his parents' garage in 2011.
Mr Francis rapidly expanded the company after gaining traction on social media.
He confirmed on Friday that the company has sealed an investment deal which will value the company, which is based in Solihull in the West Midlands, at more than £1bn.
It gained the mammoth valuation after the US-based private equity firm General Atlantic sealed an investment in the company to take a 21% stake.
The deal will value Mr Francis' stake, of around 70% of the company, at more than £700m.
The retail business currently employs around 500 staff and raked in revenues of over £250m in its last fiscal year.
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Mr Francis said: 'It has been an incredible ride over the last eight years to get to this point, but today signals the next chapter in the Gymshark story.
'We are nothing without our community, so we will use this new investment partnership to get even closer to them on a truly global scale.
'I'm incredibly proud of what Gymshark has achieved to date from our roots in Birmingham, but it's all about looking forward.
'I firmly believe Gymshark has the potential to be to the UK what Nike is to the US and Adidas is to Germany, and today is a significant step to realising that.'
Gabriel Caillaux, co-president, managing director and head of General Atlantic's European business, said: 'We believe Gymshark is an authentic, disruptive and differentiated brand.
'Against a backdrop of rising social media usage, rapid growth of e-commerce and increasing focus on health and wellness, Gymshark is positioned to seize the opportunity of further growth.'
Tonight on The Profit, Marcus Lemonis is in Crestwood, Illinois hoping to make a deal with Simply Slices. Simply Slices is a small pizza chain outside of Chicago run by the Pavoni family. The father Dino wants to take his drive-thru pizza concept nationwide. Dino is a control freak and is resistant to change which alienates potential franchisees. It is also causing relationship issues between him and his family.Let's take a look at some information related to Simply Slices as well as what kind of deal was made on the show.
News and Links Related To The Company:
World Strictest Parents Pizza Parlor Youtube Videos
- The episode was filmed in March 2018 and here is a live Facebook video of Marcus Lemonis during filming. (Link)
- Here is the Simply Slices website and Facebook page.
- Simply Slices currently has two locations in Illinois, with one in Crestwood and one in Burbank.
- Besides pizza, Simply Slices also offers Sno Biz Shave Ice at their locations.
- Simply Slices Crestwood has great reviews online with 4.5 out of 5 stars on Yelp (59 reviews) and 4.7 out of 5 stars on Google (198 reviews).
- A 2014 article said the Crestwood location grossed about $500,000 a year. The article discussed franchise fees ($25,000 up front), but it looks like there haven't been any new franchisees since 2014. (Link)
- The Pavoni Family was featured on World's Strictest Parents in 2010 and here is a video clip that shows Dino making the kids wake up and do chores.
- Dino's son Derrick Pavoni was recently on American Ninja Warrior. (Link)
- In a Chicago Tribune article, Dino said he ended up on the show after trying out for ABC’s Shark Tank a few times. He hoped Marcus Lemonis could help him franchise Simply Slices. He also said, “It was a lot of reality, more reality than I expected, less business, but the experience was phenomenal.'
- With a tryout for Shark Tank and appearances on World's Strictest Parents, American Ninja Warrior and now The Profit, the Pavoni family is no stranger to reality TV.
The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
- The Deal - $200,000 for 50% of the franchise concept. Marcus will allow the Pavoni family to run their two restaurants and Marcus will get his team of 30 plus people to help try to expand the franchise.
- We all saw this coming from watching the episode....Marcus walked away from the deal.
- Marcus said he learned after the filming that the Pavoni family appeared on World's Strictest Parents. (Link)
- UPDATE - After the episode aired, Simply Slices deactivated all of their social media accounts. Also fans of The Profit started leaving 1-star reviews for Simply Slices on Yelp, so Yelp has the page as flagged and is trying to clean up those reviews.
*To see how all of the businesses from The Profit are doing, go to the The Profit