Past Yoga, the athletic and life-style attire model owned by Levi Strauss & Co, introduced on Friday that co-founder Michelle Wahler will step down as CEO.
Nancy Inexperienced, former CEO and president of Athleta, will assume the position of CEO of Past Yoga, efficient February 1.
A veteran retailer and confirmed model builder, Inexperienced and her staff at Athleta reworked the model by introducing the ‘Energy of She’ platform and reshaping its product line by way of a sturdy innovation pipeline, the introduction of the Athleta Lady line and important advances in product sustainability.
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Throughout this time, Athleta’s revenues grew from $250 million to almost $1 billion, with working margin considerably rising and its retailer community increasing from 39 to 175 shops.
Along with main Athleta, Inexperienced was president and CEO of Outdated Navy between 2019 and 2022, the place she oversaw the model’s development from $8 to $9 billion, with important development in activewear.
Inexperienced has additionally served on boards comparable to Marine Layer, Allbirds and the Nationwide Retail Federation, is on the advisory board of Lily AI, and is a senior advisor on the Middle for Fairness, Gender and Management at UC Berkeley’s Haas Faculty of Enterprise.
Inexperienced’s appointment as CEO is anticipated “to herald a brand new period of accelerated development for Past Yoga,” in line with a press launch.
“That is an thrilling time for Past Yoga, which has thrived underneath the LS&Co. umbrella,” mentioned Michelle Gass, LS&Co. president and incoming CEO.
“We’ve arrived at a pure inflection level for this unimaginable model, and as we pursue the subsequent stage of development, we imagine Nancy has the expertise to completely unlock the potential of Past Yoga by leveraging her spectacular retail experience and LS&Co.’s in depth international sources and capabilities.”
LS&Co. acquired Past Yoga in 2021. The premium athleisure model offered the proprietor of Levi’s with entry into the activewear section, contributing almost $100 million to web income in FY22. Past Yoga opened its first retailer in 2022, in Santa Monica, Calif., and now has six shops.
