Tuesday, June 11, 2013

Women's Cycling Team Sponsor Lululemon Loses 17% of Market Value

CEO Christine Day has left Canadian yoga wear company Lululemon, resulting in a humungous slide in the stock price of the trendy firm that's a title sponsor of one of the most successful women's international cycling teams. Founder Chip Wilson lost $600 million in assets in a single day.  No word on what possible effect the financial reversal will have on the cycling team's future or on yoga fashion.

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