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Lululemon’s controversial founder is back with criticisms about its diversity and inclusion efforts — and the athleticwear company is distancing itself from his comments.
Lululemon’s billionaire founder Chip Wilson insists that exclusivity trumps inclusivity while blasting the posh leggings company he stepped down from 10 years ago.
Lululemon’s billionaire founder Chip Wilson blasted the company for prioritising diversity and inclusivity efforts over exclusivity. In an interview with Forbes, the 68-year-old former ...
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]
Lululemon was founded in 1998 by Chip Wilson in Vancouver, British Columbia with its first standalone store opening in November 2000. [5] [6] In 1997, Wilson had been doing yoga and had an idea to make yoga apparel for women using a proprietary skintight fabric he developed to enhance their appearance. [7]
After the company’s founder shared negative comments on “diversity and inclusion,” Lululemon’s Lunar New Year ad featuring Michelle Yeoh is facing criticism online.
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ATLANTA — Outside the Lululemon shop at Ponce City Market in Atlanta on Thursday, Donna Martin, a Black woman seeking yoga gear, learned that the company’s founder, Chip Wilson, had publicly ...