×
1 101
Fashion Jobs
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
Published
Aug 8, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lululemon: Advent International returns as investor

Published
Aug 8, 2014

North American observers have felt for some time that something had to change in terms of ownership of yoga brand Lululemon, which is growing to the point of becoming a major prey for investors. Nike and VF Corp were mentioned as possible predators, although that's not quite what happened.

Image: Lululemon


On Thursday, August 7, Lululemon Athletica and Advent International announced that Lululemon founder Dennis Wilson was selling half of his stake, or 13.85% of the company to the private equity firm. The transaction amounted to 845 million dollars (631 million euros).

For Advent, it’s a bit of déjà vu. The private equity firm, whose European investments include a stake in Gérard Darel and the German perfume retailer Douglas, had already invested in Lululemon 2005 only to sell its stake in June 2009.

As part of the deal, two representatives from the firm will join the yoga and fitness company’s board of directors.

In the first quarter of its fiscal year ending on May 4, Lululemon Athletica recorded an 11% increase of in sales compared to the first quarter of last year to 284 million euros. For its entire financial year, the brand expects sales of a little over 1.3 billion euros.

Copyright © 2022 FashionNetwork.com All rights reserved.