By Julie Gordon VANCOUVER (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. “Like other tech start-ups, we are in a constant pursuit of learning, improving and adjusting our strategy,” chief executive Paul Wilson said in an emailed statement on Sunday. Launched by Chip Wilson’s wife and son in 2014, Kit and Ace went from a single shop in Vancouver to 61 locations across the globe in less than two years.
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Kit and Ace, Lululemon founder’s new venture, fires 10 percent of HQ staff
