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Athletic apparel company, Lululemon, is facing backlash after founder and former CEO, Chip Wilson's recent comments that "certain customers" should be discouraged from shopping at its stores.
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Lululemon CEO Calvin McDonald said in an earnings call last month that “business remains strong,” pointing to international business as a source of potential growth. Even so, the company is ...
Lululemon Athletica Inc., commonly known as lululemon (/ ˌ l uː l u ˈ l ɛ m ə n / loo-loo-LEM-ən; styled in all lowercase [2]), is a Canadian-American multinational premium athletic apparel retailer headquartered in British Columbia and incorporated in Delaware, United States. [4]
Lululemon pulled its newly-released $98 Breezethrough leggings line from its website and app after negative reviews and customer complaints about its V-shaped back seam, which rises up from the ...
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He sold Westbeach in 1997 and founded Lululemon Athletica in 1998. [10] [11] Wilson was CEO of Lululemon until 2005, when he sold a 48% stake to private equity firms Advent International [12] and Highland Capital Partners. [13] In 2007, an IPO was offered by Lululemon Athletica Inc. on Canadian and US exchanges. [14]