lululemon athletica inc (LULU) Key Developments
Under Armour Reportedly In Talks To Acquire Lululemon Athletica
Nov 22 15
According to a sale rumor on the street, Under Armour, Inc. (NYSE:UA) is seeking acquisition of Lululemon Athletica Inc. (NasdaqGS:LULU). An Under Armour spokeswoman said it does not comment on rumors. Lululemon did not return calls.
Lululemon Athletica Names Gina Warren as Executive Vice President, Culture & Talent Effective February 1, 2016
Nov 17 15
lululemon athletica inc. announced that former Nike executive Gina Warren has been named as Executive Vice President, Culture & Talent, effective February 1, 2016. She will report to the Company's chief executive officer, Laurent Potdevin, and will lead the team that is responsible for all people practices including health and wealth, recruitment, and learning and development for all retail and support functions.
lululemon athletica inc. Announces Executive Changes
Oct 21 15
lululemon athletica inc. announced strategic changes to its organizational structure that further elevate and reinforce the Company’s design and innovation-driven brand focus. Lee Holman, formerly Senior Vice President, Women’s, has been appointed as lululemon’s Executive Vice President, Creative Director, effective immediately. In this new role, Mr. Holman will oversee both Men’s and Women’s product design and will report directly to lululemon’s CEO, Laurent Potdevin.
As a result of these changes, lululemon has eliminated the role of Chief Product Officer. Tara Poseley, who joined the Company in October 2013 as Chief Product Officer, will be leaving the Company after a transition period. The establishment of a Creative Director position will further unify Men’s and Women’s design under a singular creative vision, strengthening the design ethos of the brand. Mr. Holman joined lululemon in 2014 with 20 years of design and leadership experience, including senior positions at Nike, where he served as Creative Director of Nike Sportswear and most recently as Vice President of Global Apparel, Innovation and Equipment Design Men’s & Women’s. Dr. Tom Waller has been promoted to Senior Vice President, Whitespace™ reporting directly to CEO Laurent Potdevin, further reinforcing product R&D and innovation as the core pillar and growth driver for lululemon. Whitespace, lululemon’s team of scientists and engineers, will continue to drive long-term innovation. Prior to joining lululemon in 2012, Dr. Waller was Head of Aqualab at Speedo International. As Director of R&D at Progressive Sports Technologies, he provided strategic consultancy to global brands, as well as federation and elite athletes. Stuart Haselden, Chief Financial Officer, will assume broader operational responsibilities adding Executive Vice President, Operations to his title. As operational excellence continues to be a key priority, lululemon has begun a search for a newly created position of Chief Supply Chain Officer reporting into Haselden, who will be responsible for continuing to optimize the company’s scalable, global supply chain across multiple categories.
Lululemon Strength Attributed To Takeover Speculation
Sep 16 15
Lululemon Athletica Inc. is moving higher amid renewed speculation. V.F. Corporation (NYSE:VFC) may be interested in acquiring Lululemon.
Lululemon Athletica Inc. Plans to Open 60 Company-Operated Stores
Sep 10 15
Lululemon Athletica Inc. planned to open 60 company-operated stores, which includes up to 8 new stores in Asia and Europe and also 20 ivivva stores for the full year 2015.