Lululemon Names Sephora Executive as New CEO

Lululemon Names Sephora Executive as New CEO

Lululemon LULU 1.80% Athletica Inc has appointed Calvin McDonald to serve as its next chief executive officer, tapping a top executive of beauty company Sephora to lead the athletic-wear maker Lululemon said Tuesday that Mr.

McDonald's appointment is effective Aug 20 Mr.

McDonald, 46 years old, has been the president and CEO of the Americas for Sephora, owned by French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton , LVMUY 0.19% since 2013 Under his leadership, Sephora delivered sales growth, expanded its products and created new online and in-store experiences, Lululemon said in a press release Mr.

McDonald, a Canadian, also served as CEO of Sears Canada and worked at Canada's largest retailer, Loblaw Cos., for 17 years Lululemon Executive Chairman Glenn Murphy called Mr McDonald "The ideal match" for the brand.

Shares in Lululemon rose 0.8% in after-hours trading Tuesday. . Source

Popular products near you

Popular Posts

Curations: Lucky Spring blooms for Van Cleef & Arpels, with new jewellery creations inspired by ...

It has become a yearly tradition for Van Cleef & Arpels to celebrate the season of rebirth by unveil...

read more

Gorgeous Diamond Jewelry For April Birthdays

Do April birthdays have it best? With diamonds as their birthstone, they just might. Our selection o...

read more

White Gold Moissanite Engagement Ring Set MOI-7145S

This interlocking diamond wedding set features a solitaire engagement ring with round moissan...

read more

Chanel encounters a “crush” with reinvented jewelry collection

French fashion house Chanel is looking for love and liberation with its reimagined Toi et Moi ring f...

read more

Subscribe to our Newsletter

Get the best news about jewelry and watch industries, products and services