West Beach

9 statements across 2 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jun 18, 2018 by Chip Wilson · across every show →

Everything said about West Beach, oldest first

Jun 18, 2018
Disclosure
Wilson: Walked away with $800,000 after taxes from West Beach sale
“So I walked away with a million, and after tax, 800,000, and then you've got a, you know, I had paid myself probably 30 to 40,000 dollars for 18 years.”
Chip Wilson Jun 18, 2018 ▶ 14:56 Lululemon Athletica: Chip Wilson
Jun 18, 2018
What-if
Wilson: Lululemon could not finish first retail store without $50K severance
“And if it wasn't for that 50,000 dollars, we never would have been able to finish our store.”
Chip Wilson Jun 18, 2018 ▶ 30:06 Lululemon Athletica: Chip Wilson
Jun 18, 2018
Assertion Not checkable as stated
Wilson: West Beach lost $1M on wholesale while retail made $1M
“My wholesale business was losing a million dollars a year, and then I had these two retail stores that were making a million dollars a year.”
Chip Wilson Jun 18, 2018 ▶ 12:26 Lululemon Athletica: Chip Wilson
Jun 18, 2018
Disclosure
Wilson sold West Beach based on brand value days before missing payroll
“We quite honestly could not make payroll on Friday, and we sold Wednesday based on brand value only.”
Chip Wilson Jun 18, 2018 ▶ 14:36 Lululemon Athletica: Chip Wilson
Feb 24, 2020
Assertion Not checkable as stated
Wilson: West Beach wholesale lost $1M annually while retail made $1M
“My wholesale business was losing a million dollars a year, and then I had these two retail stores that were making a million dollars a year.”
Chip Wilson Feb 24, 2020 ▶ 13:17 Lululemon Athletica: Chip Wilson (2018)
Feb 24, 2020
Assertion Not checkable as stated
Wilson: Snowboard clothing commanded 4x to 5x the price of surf and skate apparel
“Snowboard clothing was four or five times the price of surf and skate t-shirts and shorts.”
Chip Wilson Feb 24, 2020 ▶ 12:08 Lululemon Athletica: Chip Wilson (2018)
Feb 24, 2020 neutral
Disclosure
Chip Wilson: Walked away with $800,000 post-tax from West Beach sale
“I walked away with a million, and after tax, 800,000, and then you've gotta, you know, I had paid myself probably 30 to 40,000 dollars for 18 years.”
Chip Wilson Feb 24, 2020 ▶ 15:51 Lululemon Athletica: Chip Wilson (2018)
Feb 24, 2020 neutral
Disclosure
Wilson Sold First Company Days Before Missing Payroll Entirely On Brand Value
“We sold to a public company out of Salem, Oregon, Moral Snowboards, and you know, we quite honestly could not make payroll on Friday, and we sold Wednesday based on brand value only.”
Chip Wilson Feb 24, 2020 ▶ 15:25 Lululemon Athletica: Chip Wilson (2018)
Feb 24, 2020 neutral
Disclosure
Wilson: Shannon Gray became Lululemon CEO within two weeks of being hired
“I hired this woman who Shannon Gray was her name. The first person I'd ever seen that had a design portfolio with using stretch clothing, and within about two weeks, I, after hiring her, I left her in charge of Lou Lemon as the CEO for a year, and I went back …”
Chip Wilson Feb 24, 2020 ▶ 29:08 Lululemon Athletica: Chip Wilson (2018)
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