The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Chip Wilson, founder of Lululemon Athletica Inc., has resigned from the yoga apparel company's board.
Wilson established the Canadian company in 1998. It has grown to more than 250 stores.
Lululemon has recently had its share of challenges. Last year the company dealt with complaints from customers that some of its yoga pants were too sheer. And Wilson upset some customers later in 2014 when he said some of the pants problems were related to customers' body types. Following that incident, he agreed to step down as chairman but had remained a board member.
Wilson said in a statement Monday that it was the right time to step down from the board. He plans to help his wife and son with their new business, Kit & Ace.
Lululemon shares slipped in premarket trading.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.