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Lululemon sued for fraud in Yoga pants fiasco
Vancouver, B.C. -- A lawsuit has been filed against Lululemon Athletica, accusing it of defrauding shareholders by hiding defects in yoga pants whose sheerness led to a costly product recall, and concealing talks that led to the sudden departure of its chief executive, Christine Day.
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Target names Salazar to board of directors
Minneapolis – Target has named former U.S. Senator and Secretary of the Interior Ken Salazar to its board of directors.
Salazar, 58, was a US Senator from Colorado from 2005 to 2009. He was named Secretary of the Interior in January 2009 and stepped down in April 2013. Last month, he became a partner for the international law firm WilmerHale. Salazar is the 12th member of Target's board.
Mary Dillon resigned from the board of directors of Target last month after she was named CEO of Ulta Salon, Cosmetics & Fragrance Inc.