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. says Laurent Potdevin has resigned as CEO effective immediately, saying he fell short of the company's standards of conduct.
The Vancouver-based maker of yoga pants and other athletic-inspired clothing didn't offer specifics but said Monday it expects all employees to exemplify the "highest level of integrity and respect for one another."
Potdevin became CEO in January 2014.
Glenn Murphy, chairman of the board, said it's "the responsibility of leaders to set the right tone" and protecting the organization's culture is one of the board's most important duties.
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Lululemon said it has begun to search for a successor. The company has been on a rebound as it upgrades its fabrics while pushing online sales and men's clothing.
Shares in Lululemon fell more than 3 percent after the announcement.
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.