Sheer honesty
Lululemon founder admits making mistakes
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Hey there, time traveller!
This article was published 04/06/2013 (4743 days ago), so information in it may no longer be current.
Chip Wilson didn’t build a company with a $12-billion market capitalization with non-stop flawless execution of his business plan.
In fact, the founder of Lululemon Athletica admits to making “millions of mistakes” during his time in the retail business.
And he is quick to take responsibility for the yoga clothing giant having to recall millions of dollars of black luon yoga pants in March because they were see through.
“When you’re pushing technology, you’re going to make mistakes,” he said.
The company relaunched the yoga pants this week, this time with “more fabric across the bum so it’s not stretched from the get-go.”
Wilson is in town to receive the International Distinguished Entrepreneur Award tonight from the Associates at the University of Manitoba. He will address the sold-out crowd of 800 people at the Winnipeg Convention Centre tonight.
geoff.kirbyson@freepress.mb.ca
History
Updated on Tuesday, June 4, 2013 7:16 PM CDT: adds updated photo