Chip Wilson, founder of the upscale yoga clothing company Lululemon, announced that he will resign from the board. Not too long ago, Wilson rubbed customers the wrong way when he said yoga pants “don’t work” for all women’s bodies, and that some of the problem is “about the rubbing through the thighs.” The sexist label really stuck when he said “’cigarette-smoking power women who were on the pill’ caused growing instances of breast cancer in the 1990s and that 'birth control has caused the divorce rate to rise.'”
Wilson is now developing a casual cashmere clothing line called Kit and Ace with his wife, Shannon. Chip said after the finanical success of Lululemon, all he wanted to wear was cashmere "but it would pill and wear out." So they created a material called "qemir" -- washable cashmere that's "suitable for a full-contact life style." It's not for everyone -- a plain, long-sleeve shirt goes for $80-$100.
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