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FORGOTTEN HISTORY: Lululemon faces leadership change amid intensifying athleisure competition - The Untold Story

Lululemon Calvin McDonald

Canada's Competition Bureau is investigating Lululemon for potential greenwashing, following allegations of misleading environmental claims.

Lululemon is entering a major transition as CEO Calvin McDonald prepares to step down on Jan. 31 after a tough year of slowing sales and increasing competition in the athleisure market.

The company announced the leadership change Thursday, along with its latest quarterly results, which showed continued weakness in its largest market, the Americas.

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