From Time Inc.:

Lululemon’s founder, Chip Wilson, believes that exclusivity is more important than inclusivity in the company. Wilson, with an estimated net worth of $8.7 billion, has added almost $4 billion to his net worth since 2020 due to the rise in value of his 8% stake in Lululemon stock.

This isn’t the first time Wilson has made controversial remarks. He has previously come under fire for making anti-Asian, sexist, and fat-phobic comments. He also expressed disdain for plus-sized clothing, calling it “a money loser” for businesses.

Lululemon has been making efforts to promote diversity and inclusivity in response to Wilson’s views. However, some employees at the company have criticized these efforts, stating that they are tokenistic and that qualified Black employees have been denied job opportunities in favor of less-qualified white counterparts.

The company faced backlash for promoting a yoga workshop billed as an opportunity to “resist capitalism,” leading to accusations of hypocrisy due to the brand’s capitalist roots and expensive price point.

Subscribers can sign up for raceAhead, a weekly newsletter on race, culture, and inclusive leadership.



Read more: Lululemon founder Chip Wilson criticizes company’s diversity and inclusion efforts