Browsing: Business News

Former Nike executive Heidi O’Neill became Lululemon’s chief executive on Sept. 8, five days after the retailer slashed its full-year outlook and sent shares to an eight-year low. Founder Chip Wilson, valued at US$6.5 billion by Forbes, still holds roughly 8.7 per cent of the company and is bound by a standstill that bars him from criticizing it publicly.