Lululemon Franchise Information
Lululemon Athletica is a well-known company that sells yoga-inspired athletic clothing.
It manufactures a clothing line and operates worldwide clothing stores from its main offices in Vancouver, Columbia, Canada, and British.
Lululemon Athletica or just lululemon is established by Dennis Wilson in 1998. It is due to the rising female contribution in sports and in relation to the belief in yoga as the most favorable way to preserve athletic excellence into advanced age. Wilson set up the very first Lululemon store in Vancouver besides Kitsilano. Before, it has a design studio and retail store. It also shares a room with a starting yoga studio. On the day of August 2008, Lululemon has already 40 stores all throughout Canada, 38 stores and display rooms in America, and 7 stores and display rooms in Australia. The company is still continuously expanding. It is expecting to add up stores in 60 more locations in Canada and America for the next two years.
The OQOQO brand was merged into the primary Lululemon product line during the business launched of Ivivva Athletica. It is the latest subordinate that would primarily aim at girls ages 6 to 12.
In the year 2005, Advent International purchased a 48 percent minority interest in Lululemon for the accounted CAD $225 million, and the previous chief of Reebok has become the new CEO of Lululemon. The founder of Lululemon has now 42 percent rights, including 10 percent in retail staff stocks and shares. The company also created a deal with Descente of Japan to have Lululemon operations in Japan. It focuses on North American Market. Since December 2010, Christina Day, the previous Co-President of one coffee store, is the chief executive officer of Lululemon.
Last December 2010, Lululemon proclaim a call back of several of the store’s reusable bags that are being distributed from February 2010. The bags recalled were made in China from a material called polypropylene. This material is used in making a reusable bag that is being distributed by retailers. The concerns by Lululemon were because of some reports that the same bags have been assessing to have a high concentration of lead.
Initially sold as yoga wear, now the brand is better known by consumers as well-fitting calisthenics clothing that is usually worn on the gym, at home, and on airplanes.
Lululemon has its primary industrial unit in Vancouver, Canada, and British Columbia. During the year 2004, its fabrication increased outside Canada and now has industrial units in America, China, India, Indonesia, Peru, Israel, and Taiwan.
Lululemon has a policy from its own principle and convinces staff and other employees to follow these principles daily. Lululemon also provides free yoga classes, health assistance, and growth chance for its employees. The corporation also compensates the management staff and another employee that has worked for the corporation for more than a year.
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