In Camp A you have investors who are horrified by new chief executive officer Laurent Potdevin’s appearance. They want him to go into hiding and not come out until he’s gotten his body fat down to 5%. Currently, the thought of him in a pair of Wunder Unders literally makes them shudder.
…some investors who attended the meeting said they were surprised to see that Potdevin, in his first major public appearance since he took the helm in January, didn’t exactly look the part of a fitness mogul. “He was kind of … dumpy,” one shareholder said, noting that Potdevin wore baggy clothes with an untucked shirt that failed to hide a bulging stomach. “If he’s a competent leader, he’s a competent leader,” another investor said. “But you’ve got to ask whether this guy is really in touch with the mind-set of his core customer in the athletic space.”
Then you have those in Camp B, who believe that it’s actually a good thing that come 2020, or whenever Raj Rajaratnam gets out of jail, the hedge fund manager won’t be calling up Potdevin to model a pair of spandex pants on the conference room of his new hedge fund.
A third investor said Potdevin’s less-than-chiseled frame might be a good thing for the brand, given last year’s furor over comments from founder Chip Wilson, who blamed see-through yoga pants partly on oversize customers. “Quite frankly, some women’s bodies just actually don’t work for” Lululemon’s yoga pants, Wilson had said last November. “It’s really about the rubbing through the thighs, how much pressure is there over a period of time.”
No word at this time re: what Wilson thinks of Potdevin’s ass.