Business
Statement from Bob Meers, Chief Executive Officer, lululemon athletica inc.
VANCOUVER, CANADA, November 16 /CNW/ - lululemon athletica inc.'s (NASDAQ: LULU; TSX: LLL) Chief ...
About this update from Lanebury Growth Capital Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, CANADA, November 16 /CNW/ - lululemon athletica inc.'s\n(NASDAQ: LULU; TSX: LLL) Chief Executive Officer Bob Meers, today issued the\nfollowing statement:\n\n\n"We are altering the labels on our VitaSea products in our Canadian\nstores, in cooperation with The Competition Bureau of Canada, to remove\nreferences to the therapeutic and performance attributes of the VitaSea\ntechnology. It is important to note that the Bureau takes no issue with the\nmaterial content as described on our care and content labels. Independent\ntesting has confirmed the presence of vitamins, minerals, and amino acids in\nthe VitaSea fabric. Separately, in order to ensure complete transparency and\naccuracy, we are voluntarily altering the references to the therapeutic and\nperformance attributes on VitaSea hang tags in all markets globally. In order\nto ensure the integrity of our product labelling, we are conducting a review\nof the therapeutic attributes described on all product hang tags. We take\npride in our quality, technical apparel and will continue to deliver\ninnovative fabrics and garments to our guests."\n\n\nAbout lululemon athletica inc.\n\n\nlululemon athletica (NASDAQ:LULU; TSX:LLL) is a yoga-inspired athletic\napparel company that creates components for people to live longer, healthier\nand more fun lives. By producing products that keep people active and stress\nfree, lululemon believes that the world will be a better place. Setting the\nbar in technical fabrics and functional designs, lululemon works with yogis\nand athletes in local communities for continuous research and product\nfeedback. For more information, visit www.lululemon.com.\n\n\nForward-Looking Statements:\n\n\nThis press release contains "forward-looking statements" within the\nmeaning of Section 27A of the Securities Act of 1933 and Section 21E of the\nSecurities Exchange Act of 1934 that involve risks, uncertainties and\nassumptions, such as statements regarding our future financial condition or\nresults of operations, our prospects and strategies for future growth, the\ndevelopment and introduction of new products, and the implementation of our\nmarketing and branding strategies. In many cases, you can identify\nforward-looking statements by terms such as "may," "will," "should,"\n"expects,&qu...