Lululemon Athletica Inc (LULU.OQ)
TORONTO, Feb 5 Canadian athleisure wear maker Lululemon Athletica's Chief Executive Laurent Potdevin abruptly resigned on Monday effective immediately, with the company saying that he had fallen short of its "standards of conduct" without offering any details.
TORONTO, Feb 5 Canadian athletic apparel company Lululemon Athletica said on Monday that its Chief Executive Officer Laurent Potdevin had resigned, effective immediately.
BRIEF-Lululemon Athletica Says Agreed To Pay Laurent Potdevin Lump Sum Cash Payment Of $3.4 Mln As Soon As Practicable After Effective Date Of Separation
* LULULEMON ATHLETICA - AGREED TO PAY LAURENT POTDEVIN LUMP SUM CASH PAYMENT OF $3.4 MILLION AS SOON AS PRACTICABLE AFTER EFFECTIVE DATE OF SEPARATION
* THREE SENIOR LEADERS TO ASSUME EXPANDED ROLES REPORTING TO EXECUTIVE CHAIRMAN GLENN MURPHY
Wall Street's major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea. | Video
* Indexes up: Dow 0.49 pct, S&P 0.29 pct, Nasdaq 0.24 pct (Updates to late afternoon; adds commentary, changes byline)
Jan 8 Lululemon Athletica Inc said on Monday the holiday shopping season was even better than it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yogawear maker's shares to their highest since June 2013.
Jan 8 Canadian yoga and leisure apparel maker Lululemon Athletica Inc on Monday raised its fourth-quarter profit and revenue forecasts, helped by a strong holiday season.
* FOR Q4, NOW ANTICIPATE THAT NET REVENUE WILL BE IN RANGE OF $905 MILLION TO $915 MILLION
Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also worked up a sweat. | Video