The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

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
A company bought gas rights to this land for $1. Helium means it could be worth billions
next post
Student loan repayment issues frustrate borrowers, prompting federal response

Related Posts

Consumer confidence pops in the last month of...

December 22, 2023

Family Dollar to close almost 1,000 stores

March 15, 2024

Retail panic: What the end of the ‘de...

August 30, 2025

U.S. judge finds Google holds illegal online ad...

April 19, 2025

Rate cuts before the year’s end could make...

July 13, 2024

U.S. judge orders Google to share search data...

September 3, 2025

How immigrants are helping boost the U.S. job...

April 8, 2024

Fed Chair Powell calls talk of cutting rates...

December 2, 2023

Netflix maintained its 2025 guidance. That may not...

April 21, 2025

Nvidia’s Jensen Huang is ‘dead wrong’ about quantum...

January 9, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Categories

    • Business (1,552)
    • Investing (4,245)
    • Politics (5,625)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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 © 2024 TheInvestmentWhisperer.com | All Rights Reserved