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Lululemon Athletica Inc's founder Chip Wilson. (BEN NELMS/REUTERS)
Lululemon Athletica Inc's founder Chip Wilson. (BEN NELMS/REUTERS)

Chip Wilson’s Kit and Ace chain laying off 20% of head-office staff Add to ...

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Kit and Ace is cutting jobs as the upstart casual-clothing retailer works to find its fit in the fickle, increasingly crowded, apparel industry.

The fast-growing Vancouver-based luxury street-wear chain, owned by Lululemon founder Chip Wilson and his family, told staff on Wednesday that it is laying off just over 20 per cent of its roughly 280 head-office employees. The company cut another 35 employees earlier this year.

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