Posted AT 4:25 AM EDT on 08/12/05
U.S. investors buy Lululemon stake
MARINA STRAUSS AND MARY LYNN YOUNG
From Thursday's Globe and Mail
Two U.S. private equity firms have picked up a minority interest in Lululemon Athletica for $108-million as the popular Vancouver-based retailer aims to become a global brand as familiar as Nike or Reebok.
The deal, which closed on Monday, will help the chain of 33 stores bring its trendy athletic apparel -- known for its stylized A-shaped logo -- to as many as 200 locations in Canada, the United States, Europe and Asia, said founder Chip Wilson.
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