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According to a 2013 NBC article on the incident, Wilson issued an apology shortly after the controversial interview in a video that has since been removed, with the embattled CEO reportedly ...
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 ...
“They don’t work for some women’s bodies,” he told Bloomberg Television's Street Smart in 2013, before stepping down as the firm’s CEO and then leaving the board entirely in 2015.
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 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]
Wilson founded Lululemon in 1998 and stepped down as CEO in 2013, but still owns the majority of the company’s shares, which are valued at $4 billion, according to Forbes.
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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.