Thursday, September 22, 2016

Lululemon founder’s Kit and Ace lays off HQ staff

Layoffs and closures at Kit and Ace are signs the Vancouver-based clothing chain now run by Lululemon founder Chip Wilson and his wife tried to expand worldwide too soon and too fast, according to retail analysts.

Staff were told on Wednesday that 20 per cent of its 280 head-office employees were being laid off, according to media reports.. . . more

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