New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Business

Lululemon founder slams company’s ‘whole diversity and inclusion thing’

by admin January 6, 2024
January 6, 2024
Lululemon founder slams company’s ‘whole diversity and inclusion thing’

Lululemon founder and former CEO Chip Wilson criticized the company’s recent moves to expand its product line to a wider market.

In a new interview with Forbes, Wilson, who launched the yogawear-maker in 1998 in Vancouver, British Columbia, criticized what he referred to as the company’s “whole diversity and inclusion thing.”

Wilson also called out company ads for featuring people who he said appear “unhealthy,” “sickly” and “not inspirational.”

“They’re trying to become like the Gap, everything to everybody,” Wilson said. “And I think the definition of a brand is that you’re not everything to everybody… You’ve got to be clear that you don’t want certain customers coming in.”

Lululemon has issued a statement distancing itself from Wilson, who has not been involved in the company’s daily operation for years.

“Chip Wilson does not speak for Lululemon, and his comments do not reflect our company views or beliefs,” the fitness brand said. “Chip has not been involved with the company since his resignation from the board in 2015 and we are a very different company today.”

Wilson stepped down as Lululemon chairman in 2013 amid controversial remarks regarding birth control and his support of libertarian philosopher Ayn Rand. He also said what motivated a scandal around the company’s see-through pants that year was that “some women’s bodies just actually don’t work for it.”

Wilson’s remarks do not appear to have affected Lululemon’s stock price, which, at nearly $500 a share, currently sits at an all-time high. Wilson remains the company’s largest single shareholder, with holdings worth more than $4 billion, according to Securities and Exchange Commission data.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
TGI Fridays to close 36 ‘underperforming’ locations across the U.S.
next post
Student loan repayment issues frustrate borrowers, prompting federal response

Related Posts

Palm Beach housekeepers are making $150,000 a year...

May 24, 2024

Spirit Airlines gets rid of change and cancellation...

May 22, 2024

NFL owners vote in favor of private equity...

August 28, 2024

United CEO expresses ‘renewed confidence’ in Boeing after...

August 16, 2024

Tesla shares rise on better-than-expected Q2 deliveries report

July 4, 2024

Government workers dismayed by Trump’s return-to-office mandate

January 27, 2025

Kroger chairman and CEO resigns following investigation into...

March 4, 2025

Macy’s turnaround hinges on revamping some stores and...

March 7, 2025

Amazon to invest another $4 billion in Anthropic,...

November 24, 2024

Possible work stoppage at Canada’s two largest railroads...

August 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 4, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 4, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 3

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,398)
    • Investing (3,442)
    • Politics (4,517)
    • World (4,416)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved