Lululemon tops list of doomed brands
DirecTV, Zynga, Russell Stover and Time Warner Cable are also on 24/7 Wall St.‘s list of ’10 brands that will disappear in 2015.’
The fallout cost CEO Christine Day her job in June 2013. Founder and Chairman Chip Wilson announced that he would step down in December of last year. Wilson has since returned as the potential leader of a buyout to take the company private. Wilson believes he can find a private equity backer. He will likely be able to buy Lululemon at a discount price, at least based on what its shares traded for at their peak.
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