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June 11, 2014
12:25 EDTLULUlululemon issues statement in response to Chip Wilson
lululemon athletica issued the following statement in response to a press release issued by Chip Wilson: "The lululemon Board of Directors and management team have been consistently focused on enhancing shareholder value and will continue to take actions to achieve this objective. The Boardís commitment to the value and reputation of the lululemon brand and the constant focus by the Board and management on the Companyís mission and core values is critical to enhancing long-term shareholder value. The Board is overseeing lululemonís strategy to strengthen the Companyís foundation, focus its product engine on innovation, and accelerate sustainable and controlled global expansion. By leveraging its design-led roots, strengthening its supply chain and providing an exceptional guest experience, we are confident that lululemon, under new CEO Laurent Potdevinís leadership, will provide guests with the high-quality, technical products they know and love and create value for shareholders. Contrary to Mr. Wilson's assertions, lululemonís Board members are aligned with the Companyís core values and possess the necessary expertise to successfully lead lululemon forward."
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