Lululemon founder, Dennis “Chip” Wilson, the man who created the Vancouver-based biz in 1998, naming it so as a marketing strategy because of how difficult it would be for Asians to pronounce, the Landmark Forum advocate who strongly recommended employees attend their “self development” trainings or else, the Ayn Rand ideology devotee who recently plastered “Who is John Galt?” on shopping bags a few months ago to much criticism, the man who started it all with butt-hugging luon, is taking a step back from helming as chief lulu lollie goalsetter (and possibly future fracases).
“I remain deeply committed to the Company’s continued success and given the strength we’ve built into the organization over the past three years, I feel comfortable leaving the company with [CEO] Christine Day at the helm of a world class management team whom I fully believe will continue to elevate our world. I look forward to continuing to contribute in my role as Chairman of the Board,” Wilson said in a news release today (January 6).
No official reason was provided, but one can only guesstimate it had a lot to do with that little clusterfluffle about “conquering the epidemic of mediocrity.” We have to be honest and say we’re rather disappointed in Wilson’s lack of chutzpah after all this. They’ve been through a series of controversies over the years, including being caught non-seaweed handed and camel toe ads, and he’s stepping down now?
With Chip gone what will we have to prod them about anymore besides super high prices, disturbingly unnecessary perkiness, wishy washy stance on child labor and subpar manufacturing conditions? Ex-Starbucks Exec, CEO Christine Day will have to soldier on.
Wilson’s estimated networth was $1.9 billion with organization revenues of $700 million, The Richest states. Wilson’s also linked to the big-ticket Point Grey mansion–worth $37.2–million–currently the most valuable home in Vancouver.
At least we know Mr. Wilson will resign comfortably. Lemmings stand (in your luon) strong.
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