Home / Knowledge / News / Apparel/Garments / Yogawear company Lululemon raises stake in New Harbour
Yogawear company Lululemon raises stake in New Harbour
May '10
lululemon athletica inc. the Canadian-founded, yoga-inspired athletic apparel company, announced that it has increased the Company's equity interest in its Australian joint venture partner, New Harbour Yoga Pty Ltd., from 13 to 80.3 percent. David Lawn, who leads lululemon's operations in Australia, together with one other investor own the remaining 19.7 percent interest.

"We are extremely pleased to announce this evolution in our business,” said Christine Day, CEO, lululemon athletica. “Over the past four years, we have enjoyed an excellent partnership with David Lawn, who has been instrumental in growing the lululemon business in key Australian locations including Sydney, Melbourne, Perth and Brisbane. This increased ownership interest, combined with David's ongoing strong leadership and the expertise of the Australian operating team, provide a solid foundation for lululemon's expansion in the Australian market.”

“We are thrilled with lululemon's decision to continue to grow the brand throughout Australia,” said David Lawn. “Announcement is confirmation of the strength of the lululemon brand in our local markets and we are pleased to be able to serve additional customers through new locations. We are proud to have played an integral role in establishing lululemon as a premium athletic apparel company in Australia, and look forward to continued growth moving forward.”

lululemon first entered the Australian market in October 2004, with the opening of the Chapel Street store in Melbourne, Victoria. Since 2004, lululemon has expanded to nine stores and four showrooms throughout Australia. A native of New Zealand, Lawn is the former CEO of Australia-founded global surf brand Rip Curl and Executive Vice President of American fashion retailer Express, and joined lululemon in 2006.

lululemon athletica inc

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search