Kit and Ace, Lululemon founder?s new venture, fires 10 pct of HQ staff

[ahlam1399]

Kit and Ace, Lululemon founder?s new venture, fires 10 pct of HQ staff

Kit and Ace, Lululemon founder?s new venture, fires 10 pct of HQ staff
VANCOUVER, Feb 21 (Reuters) - Kit and Ace, the retail start-up launched by Lululemon Athletica Inc founder Chip Wilson's family, has laid off roughly 10 percent of staff at its Vancouver headquarters, as the closely-held company slows its rapid pace of expansion.

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