Categories: HeadlinesSpecialty Apparel

Lululemon’s Chip Wilson to Leave Company

Chip Wilson, founder and chairman of Lululemon Athletica Inc. (Vancouver, B.C.), plans to resign as chief innovation and branding officer at the end of January, reports Women’s Wear Daily.

Wilson founded the company in 1998 and served as ceo until 2005. The women’s athletic apparel brand now has a market capitalization of $7.7 billion.

Lululemon went public in July 2007. Its stock has appreciated more than 283 percent since then.

“It is one of the few companies in our sector with a truly unique store experience and strategy,” Stacy Pak, an analyst at Barclays Capital, tells WWD.

Lululemon operates 165 stores in the U.S. and Canada.

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