After years of bad yoga pants and questionable yoga behaviours, Lululemon might finally be for sale.
You may remember the hot water Lululemon was in last year over their see-through yoga pants, and their massive recall. Lululemon’s billionaire founder Chip Wilson made the problem worse by blaming women’s bodies instead of acknowledging the fact that they used inferior fabric.
According to the Wall Street Journal Chip is trying to leverage control over Lululemon (even though he stepped down from the board, he still owns 27%).
Lululemon’s stock is continuing to fall, making Lululemon an attractive target for acquisition from someone like Nike or Adidas.
Would you ever trust Lululemon again, even if they were purchased by another company? Let me know in the comments.