Beach + Friday = PURE HAPPINESS!
That’ll learn him! Chip Wilson – ousted founder and former CEO of lululemon just sold 20.1 shares to Advent International – the investment banker brought in by lulu’s board once they decided to throw Chippy out.
Remember when Chip told the bigger girls that lulu’s yoga pants were not meant for curvy body types on national tv? BEST AWESOME CORPORATE F-UP EVER!!!! (Click here for a reminder of the awesomeness!)
The board wanted Chip gone immediately after that, and so Chip agreed to sell 20.1 million shares yesterday and made $845 MILLION. reversecommuter is quite sure Chippy learnt a valuable lesson here…
Luxury design houses are starting to report lower sales and earnings, based primarily on China not buying as much as was projected.
Tod’s just released a profit decline, citing China as well as two major US boutiques closing for renovations as the reason behind the lag. CEO Diego Della Valle is optimistic that 2014 Fall Collection is strong enough to rally Tod’s clientele back into power shopping mode.
Note to Diego, the awesome car shoe and delicious Italian leather handbags are what makes Tod’s clients deliriously happy, and apparently Simon Doonan a little bit hungry! Attempting to draw us in for a clothing line hasn’t accomplished the same pull. Stick to what you know, let the profits grow (catchy huh?!).
Champs in a flute and the sun shining is reason enough to slap on the fancy shoes and wow the world with that outfit you secretly want/need to wear…Do It!