Lululemon Founder Quits

Yoga Pains

Updated Apr. 14, 2017 5:22PM EDT / Published Dec. 10, 2013 11:10AM EST

Lucas Jackson / Reuters

Downward-facing chairman. Lululemon leader and founder Chip Wilson is stepping down after a sore year for the yogawear giant. First, a recall was issued for Lululemon's see-through yoga pants, and then the company was sued for allegedly hiding defects in the pants and defrauding shareholders. Last month, Wilson was forced to apologize after saying pants don't work for "some women's bodies." TOMS Shoes president Laurent Potedevin will effectively take over the company, replacing Christine Day as CEO.

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Lululemon Founder Quits

Lucas Jackson / Reuters