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lululemon athletica has appointed Alison Loehnis, former President of Luxury and Fashion at Yoox Net-a-Porter, to its Board of Directors, effective immediately. Glenn Murphy, Chairman of the Board, emphasized Loehnis's track record in driving growth and her insights on consumer trends. Loehnis expressed her excitement to join lululemon, noting her long-standing admiration for the brand's innovative products. With a diverse background in luxury fashion, she is expected to provide valuable perspectives as the company continues its global expansion.
Positive
Alison Loehnis brings extensive experience in luxury fashion and e-commerce.
Her appointment is likely to enhance lululemon's growth strategy and product innovation.
Loehnis's insights into consumer trends may strengthen lululemon's market position.
Negative
Concerns may arise regarding continuity and possible experience gaps on the board.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
lululemon athletica inc. (NASDAQ:LULU) today announced that Alison Loehnis, President of Luxury and Fashion at Yoox Net-a-Porter, has been appointed to serve on its Board of Directors, effective immediately.
“Alison Loehnis is a dynamic leader with a remarkable track record of consistently driving growth through her knowledge of consumer and product trends,” said Glenn Murphy, Chairman of the Board. “We look forward to benefiting from Alison’s valuable insights and expertise as lululemon continues to grow around the world.”
At Yoox Net-a-Porter, a global leader in online luxury and fashion, Loehnis is responsible for Net-a-Porter, Mr. Porter and The Outnet businesses. She has held several leadership roles with expanding responsibility since she joined the company in 2007 and has been instrumental in the conception and launch of major initiatives including TheOutnet.com and MrPorter.com. Previously, Loehnis held positions within LVMH, Hachette Filipacchi and The Walt Disney Company, after starting her career with Saatchi & Saatchi.
“I have been a loyal lululemon customer for a long time and have always admired their ability to drive product innovation that combines both performance and style. I am excited to join the Board of Directors and support the organization as it continues to expand globally while building connected communities across different platforms,” said Loehnis.
A New York native, Loehnis resides in London and graduated from Brown University with a degree in Art History.
About lululemon athletica inc.
lululemon athletica inc. (NASDAQ: LULU) is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit LULULEMON.COM.
Investors:
lululemon athletica inc.
Howard Tubin 1-604-732-6124
or
ICR, Inc. Joseph Teklits/Caitlin Churchill 1-203-682-8200
Media:
lululemon athletica inc.
Erin Hankinson 1-604-732-6124
or
Brunswick Group Eleanor French 1-415-619-2757
Source: lululemon athletica inc.
FAQ
Who is Alison Loehnis and what is her role at lululemon?
Alison Loehnis is the newly appointed member of lululemon's Board of Directors, previously serving as President of Luxury and Fashion at Yoox Net-a-Porter.
What experience does Alison Loehnis bring to lululemon?
Loehnis has significant experience in luxury fashion and e-commerce, having held leadership roles at Yoox Net-a-Porter and previously at LVMH and The Walt Disney Company.
What impact may Alison Loehnis's appointment have on lululemon?
Loehnis's appointment could enhance lululemon's growth strategy and product innovation, given her expertise in consumer trends.
When was Alison Loehnis appointed to the Board of Directors of lululemon?
Alison Loehnis was appointed to the Board of Directors effective immediately as announced in the recent press release.
