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.
VANCOUVER, Canada — Lululemon Athletica Inc. took a step toward filling its executive vacancies, naming a veteran of VF Corp. and Home Depot Inc. as its next chief financial officer.
Patrick Guido, who goes by PJ, will take over at the end of April, Lululemon said on Monday. He will report to Chief Operating Officer Stuart Haselden while the company continues to look for a chief executive officer.
The search for a new leader follows the abrupt departure of former CEO Laurent Potdevin, who left the yogawear maker in February under a cloud of misconduct. His behavior was said to include a relationship with a subordinate.
For now, Chairman Glenn Murphy is running a search for the next CEO while Haselden and two other executives maintain day-to-day operations.
“Our momentum remains strong, and we’re thrilled to have PJ join the team,” Haselden said.
By Lindsey Rupp; Editor: Nick Turner.
From the day-of dress code to British brands hopping on board, BoF breaks down all the sartorial details of the historic day
Attendees stayed on dress code — with some over-the-top interpretations — for the annual event, which paid homage to the late designer.
Join us for our next #BoFLIVE on Thursday, February 16 at 15:00 GMT / 10:00 EST, based on our latest case Study How to Build a Profitable DTC Brand. BoF’s deputy editor Brian Baskin along with DTC correspondent Malique Morris and chief marketing officer of UK-based beauty brand Trinny London, Shira Feuer explore blueprints for growing a profitable brand.
The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.