Skinny jeans have reigned supreme for years. But now a whole host of alternatives, from yoga pants to fancy sweatpants, have cropped up.
Lululemon Athletica Inc. founder Chip Wilson will sell half his stake in the yogawear company to private equity firm Advent International for about $845 million.
NEW YORK, United States — Suitors willing to court Lululemon’s founder and largest shareholder Chip Wilson would get a company that’s projected to boost sales 46 percent over the next three years.
TORONTO, Canada — Lululemon Athletica Inc trimmed its revenue and earnings forecast for the fiscal year on Thursday, a fresh sign that the once-flying yogawear maker was still struggling to return to strong growth in an increasingly crowded field.
Much like denim before it, activewear is increasingly being integrated into daily attire. Meanwhile, the kind of premiumisation trend that gave rise to the highly successful designer jeans category is also picking up in activewear. So does activewear offer fashion brands the same kind of growth potential that designer denim did a decade ago? BoF reports.
Armed with huge sums of money invested at sky-high valuations, fashion start-ups are setting themselves up for failure. But with the right capital structure, any company that can build a brand that delights its customers can be an economic win for all involved, argues Lawrence Lenihan.
TORONTO, Canada — Lululemon Athletica Inc shares slumped as much as 7.4 percent to the lowest in nearly month on Monday as analysts worried about the premium Canadian yogawear retailer's growth prospects following its analyst day presentation last week.
NEW YORK, United States — Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
VANCOUVER, Canada — Lululemon Athletica Inc., the yoga- wear retailer that got a new chief executive officer this year, forecast profit that trailed analysts’ estimates after slower product deliveries weighed on sales last year.
NEW YORK, United States — Lululemon Athletica Inc. shares dropped in early trading after the yogawear retailer cut its revenue and earnings forecast for the quarter ending Feb. 2.
VANCOUVER, Canada — High-end yoga-wear retailer Lululemon Athletica Inc named Lauren Potdevin as its chief executive and said founder Chip Wilson will step down as non-executive chairman.