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Plus: Q&A with The Shade Room’s Angie Nwandu. Brought to you by The Hustle together with Wise Bread.
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March 01, 2021
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TOGETHER WITH
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Somehow, it’s already March. The simulation is definitely accelerating.
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The big idea
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<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
Chemicals are used widely in activewear. Meet the startups creating natural alternatives.
</h2>
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<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Here’s a question: Is “activewear” an actual thing or just the fashion industry playing marketing jujitsu by mashing together 2 words?
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
As it turns out, it’s an actual thing.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
But to create the sweat-wicking and quick-drying effect on your yoga gear, textile manufacturers treat the fabric with potentially hazardous
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
chemicals
</a>
.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Enter Evolved By Nature (EBN)…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
… a “green chemistry” startup offering an all-natural alternative for activewear treatment. EBN has raised
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
$51m
</a>
from investors including retail giant Chanel, according to
<em>
Business of Fashion
</em>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The company’s flagship product is liquid silk -- literally, liquified silk material -- which is “biodegradable, sustainable… and usable in clothes, bed linens, furniture upholstery, personal care products, and skincare.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Will it sell in the market, though?
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Fashion brand Adore Me is about to find out
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
According to
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
Vogue Business
</em>
</a>
, the lingerie company just launched
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Gentrue
</a>
, an activewear brand that “dips” its fabric in EBN’s liquid silk.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Gentrue will start by selling a line of leggings and tops with all of the same activewear properties we’ve come to love while not going to yoga studios during the pandemic.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The brand came out of Adore Me’s incubator program and -- if successful -- could pave the way for wider uptake of liquid silk.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
It will be an uphill battle
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The fashion industry has a long-established global supply chain that uses chemicals for all types of applications: dyeing, texture maintenance, shrinkage, antimicrobials.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
However, consumer demand for environmental, social and corporate governance (ESG) standards in
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
fashion
</a>
-- like most industries -- are on the rise.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Per
<em>
Vogue
</em>
, other startups attacking the problem include Green Theme Technologies, Dimpora, Huue, Checkerspot, Colorifix, and Beyond Surface Technologies.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
If you see “
<em>
natural
</em>
activewear” become a thing in the future, it’ll probably be an actual thing and not some marketing ploy.
</p>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share facebook" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" width="30"/>
</a>
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<a data-tags="share twitter" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" width="30"/>
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</a>
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<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" width="30"/>
</a>
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</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 12px; text-transform: uppercase;">
Snippets
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Amazon calls itself the Everything Store
</strong>
… so it makes sense that the ecomm giant now owns the right to broadcast the NFL’s Thursday Night Football game as part of the league’s new TV
<a style="color: #d62829; text-decoration: none;">
deals
</a>
.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Facebook's new app (BARS) is a TikTok clone
</strong>
targeting hip-hop artists. The
<a style="color: #d62829; text-decoration: none;">
app
</a>
encourages collaboration and sharing, and can "automatically suggest rhymes" as users write out lyrics. Sure, why not?!
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Facebook fine:
</strong>
This BARS app better start making some money because a judge just approved a
<a style="color: #d62829; text-decoration: none;">
$650m
</a>
class action settlement against FB. Why? Its photo facial recognition feature was found to violate Illinois privacy laws.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Highlights from Warren Buffett’s
</strong>
annual Berkshire Hathaway shareholder letter
<a style="color: #d62829; text-decoration: none;">
include
</a>
: 1) a 5.4% ownership in Apple (worth $120B, which Berkshire paid $31B for); and 2) an $11B writedown on the $37B acquisition it made for industrials firm Precision Castparts in 2016.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Very creepy:
</strong>
Genetics testing startup MyHeritage created a viral marketing tool called Deep Nostalgia. Users can
<a style="color: #d62829; text-decoration: none;">
upload
</a>
old photos of loved ones and the tech “animates” them into moving images.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
**DJ Khaled voice** Another One:
</strong>
The US has
<a style="color: #d62829; text-decoration: none;">
approved
</a>
Johnson & Johnson’s single dose COVID vaccine. Elsewhere, RNA tech used to create vaccines during the pandemic are being used to tackle
<a style="color: #d62829; text-decoration: none;">
malaria
</a>
.
</li>
</ul>
<div style="display: none;">
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Busted
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<a style="color: #d62829; text-decoration: none;">
<img alt="hands clawing" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fclawing.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</a>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
Corporations are putting stiffer clawback provisions in place to deal with wrongdoings
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
One of the most controversial corporate decisions in the aftermath of the 2007-08 financial crisis was made by
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
AIG
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The insurance giant -- which lost $62B in Q4 2008 and received billions in a government bailout -- announced $165m worth of bonus payments in March 2009.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Amidst public outcry, a number of high-ranking AIG executives paid back the funds.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
In the decade since the crash…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
… the question of “should executives still get bonuses after corporate meltdowns” persists. According to
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
The Economist
</em>
</a>
, 93% of companies in the S&P 500 have clawback policies for cash and equity bonuses in place.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
However, there continue to be high-profile stories of corporations not using these clawback policies when they seem warranted:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Drugmakers
</strong>
“accused of stoking the opioid epidemic” have paid fines but largely not used clawbacks
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Boeing
</strong>
paid its CEO Dennis Muilenburg a $62m bonus despite the Boeing 737 Max airplane crash tragedies
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Clawbacks are hard to pull off in courts
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
To deal with this, corporations are delaying cash and equity bonuses. Sometimes, the period an employee must wait for a bonus begins after they leave a firm (to make sure no wrongdoing pops up after an exit).
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Per
<em>
The Economist
</em>
, corporates are also lengthening the “misdeeds” that are eligible for clawbacks. Before, the provisions were focused on criminal conduct but -- now -- they also take into account potential “damage to the firm’s reputation.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
A notable example: Wells Fargo clawed back $69m (nice) from former CEO John Stumpf after internal investigations found he created a work environment that encouraged the opening of fake accounts.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Compared to 2008 -- when it took the literal implosion of the global economy to take action -- these measures seem sensible.
</p>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
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<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" width="30"/>
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</tbody>
</table>
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</table>
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<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
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SPONSORED
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<h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
<strong>
They found it! The holy grail of cash back cards is here
</strong>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
It takes a lot of grit and determination to dig through the details, but those treasure seeking, credit-card-number-crunchers over at Wise Bread have done it again…
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
They found the
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
highest paying cash back card
</a>
to ever hit the market.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
That's what we call hittin' pay dirt, baby!
</em>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
We're talkin’:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<a style="color: #d62829; text-decoration: none;">
A $200 bonus offer
</a>
(that's like 20% in cash back!)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
3% cash back choice on the biggies (AKA online shopping, dining, travel, or gas)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
5.25% cash back for qualified customers
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
A big, fat zero percent interest rate until 2022
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
No annual fee
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Sounds good? Sounds
<em>
great
</em>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Click that cute little button below to cash in on that
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
20% cash back bonus
</a>
today.
</p>
</td>
</tr>
<tr>
<td align="center" style="padding: 10px 0px 15px; text-align: center;">
<a style="-webkit-text-fill-color: #ffffff; background: #D62829; border-radius: 15px; color: #ffffff; font-size: 16px; font-weight: bold; padding: 6px 20px; text-decoration: none;" target="_blank">
Cash In →
</a>
</td>
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</table>
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</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Q&A
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<a style="color: #d62829; text-decoration: none;">
<img alt="Angie Nwandu" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FAngie_Nwandu.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</a>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
How Angie Nwandu leveraged Instagram to build The Shade Room into a media empire
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Let’s play a quick game. Guess which one of these Instagram accounts has the most followers: CNN, TMZ, BuzzFeed, The Shade Room.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Answer:
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
The Shade Room
</a>
, which -- at
<strong>
22m+
</strong>
followers -- has an audience nearly as big as the other 3 combined.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
A bootstrapped operation
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The company’s founder, Angie Nwandu, grew up in a foster home after her mother was killed by her father in a tragic episode of domestic violence.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Post-high school, she went to Loyola Marymount University and ended up on the path to become an accountant. She took a detour when she was admitted into Sundance Labs, a screenwriting incubator.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
The decision cost Nwandu an accounting job…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
… and she pivoted to find a source of income. Initially, she wanted to create a blog on Black-focused celebrity gossip -- but to avoid web development, she pivoted to Instagram.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In 2014, she launched The Shade Room and began sharing blog post-type stories on the photo app, a fairly new use for the platform at the time. The format exploded and Nwandu built it up to 500k followers before monetizing it (primarily through ads).
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Today, The Shade Room employs 20 people
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
It pulls in 8 figures in annual revenue, is profitable, and stretches across all social platforms. A key part of its success is a reliance on user-generated content that her team curates.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
The Hustle
</em>
spoke with Nwandu to find out more about the growing media empire including:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
The different phases of her company
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Why she prefers staying bootstrapped
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
How The Shade Room enters new platforms (e.g., Clubhouse)
</li>
</ul>
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<h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
<strong>
3 former Under Armour execs have created the world’s most comfortable denim
</strong>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
If you read The Hustle, you know our passion for Revtown, the revolutionary DTC jean company started by Under Armour’s ex-Head of Product, Brand, and eCommerce Ops.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Here’s how they upended a centuries-old industry in just 3 steps:
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<ol style="font-size: 16px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
They created an incomparable new material -- a proprietary fabric called
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Decade Denim
</a>
that’s soft and stretchy while still being strong
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
They fixed everything traditional jeans do wrong by making Revtowns more
<a style="color: #d62829; text-decoration: none;">
durable, versatile, and comfortable
</a>
(while still keeping that classic denim look)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
They shipped straight from their factory to cut out the middleman and lock in a super-competitive price point:
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$79
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Want to see what the future of denim feels like?
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Controversy of the day
</td>
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<img alt="Lululemon storefront" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Flululemon.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lGhiZ:jEJuXgl1M_MeBoldDroDMPy3T2jED4X9lkVjNscox3M" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
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Lululemon store (SOPA Images / Getty Images)
</p>
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<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Lululemon founder (and former CEO) Chip Wilson
</strong>
has been known to make occasional off-cuff remarks.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Perhaps his biggest gaffe was in 2013. RIffing on the see-through nature of Lululemon leggings,
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Wilson
</a>
suggested that the yoga activewear ...
<em>
ummm
</em>
… “just don’t work for certain women’s bodies.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Many called out the remark as body shaming -- and within a
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
month
</a>
, Wilson left the board of the Vancouver-based company.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Since his exit, the company’s market cap has increased ~7x, to $41B. Wilson still owns 13%+ of the company and is worth
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
$5B+
</a>
.
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3 years, 2 months ago - news@thehustle.co
💸 Corporate clawback policies are changing
Plus: Q&A with The Shade Room’s Angie Nwandu. Brought to you by The Hustle together with Wise Bre...