Lululemon Canada athletica and Descente Ltd

VANCOUVER, British Columbia British Columbia, province (2001 pop. Using a retailer already in Tokyo, lululemon athletica announced

today that it really is partnering with Descente Ltd. to establish the joint

venture “lululemon Japan Inc.” The Vancouverbased lululemon

athletica will hold majority ownership in the partnership with Descente,

a Japanese leader in apparel.

lululemon Japan will take over the current store in Aoyama, Tokyo Aoyama ( lit: blue mountain) is often a neighborhood of Tokyo, situated within the northeastern Minato Ward. For the duration of the Edo Period, Aoyama was residence to various temples, shrines, and samurai residences. and open a second Tokyo retailer in Mejiro on October 3. An extra 3

stores in Tokyo are planned to open within the very first year and by January

2010, lululemon Japan expects to have 20 retailers in total.

“Descente is really a global leader in fabric technologies and has long

been recognized as an incredible Japanese business,” says Robert Meers,

lululemon athletica CEO (1) (Chief Executive Officer) The highest person in command of an organization. Typically the president of the provider, the CEO reports for the Chairman in the Board., “This partnership additional establishes

lululemon as a global player in the athletic apparel sector.”

“This is one of your most thrilling retail concepts we have

seen,” says Kunio Tajiri, President of Descente Ltd., “We are

thrilled to possess our corporations merging their collective assets.”

lululemon athletica has observed tremendous achievement in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern from the two continents from the Western Hemisphere. with sales doubling for the previous 4 years. In December 2005, the company

partnered with Bostonbased private equity firms Advent International Advent International a longestablished and leading international private equity investor Background

Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. and Highland Partners Inc. Using a minority interest of 48%, the