Yup, the Kitsilano born, soon to be global Mega franchise Lululemon has sold a 48% share of the company for $108 million. I can now sleep comfortably at night knowing that founder Chip Wilson will be able to provide for his family. Check out all the details here.
Of course, Chip has locals to thank for his success – including every woman who has or now lives in Kitsilano for purchasing 18 pairs of the same pants that look identical (I don’t think women are allowed to live here without proof of purchase).
All kidding aside, congratulations.
Last modified: February 19, 2009