Lululemon facing probe in Canada over greenwashing complaints
By 
Adrianne Appel2024-05-09T20:36:00
Athletic apparel company Lululemon is under investigation by the Canadian Competition Bureau (CCB) regarding whether it made misleading claims about environmental aspects of its business.
The CCB launched an investigation into alleged deceptive marketing practices at Lululemon after receiving an official complaint by six Canadian residents, Marianne Blondin, a senior CCB spokesperson, confirmed.
“There is no conclusion of wrongdoing at this time,” Blondin said. The bureau did not provide a date by which the investigation would be complete.
Related articles
-
News BriefDOJ orders apparel importer Alexis to pay $7.7M over underpaid customs duties
Women’s apparel importer Alexis agreed to pay nearly $7.7 million to settle allegations, first raised by a whistleblower, that it intentionally underpaid customs duties, according to the Department of Justice.
-
News BriefESMA guidelines tackle greenwashing via fund names
The European Securities and Markets Authority published its final report containing guidance for the use of environmental, social, and governance- and sustainability-related terminology in fund names.
-
News BriefFCA publishes guidance on anti-greenwashing rule
The U.K. Financial Conduct Authority issued new guidance on how to comply with its upcoming anti-greenwashing rule, which is set to take effect May 31.
More from Regulatory Enforcement
-
PremiumAssessing the impact of the DOJ’s monitorship policy six months in
It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.
-
News BriefBinance’s Changpeng Zhao receives presidential pardon from Trump
The founder of crypto exchange Binance, Changpeng Zhao, received a pardon from President Donald Trump. This pardon comes almost two years after Zhao signed a plea agreement and was sentenced to a four-month prison sentence.
-
ArticleOCC drops $10M fine against former Wells Fargo risk officer fingered in “fake accounts” scandal
A former Wells Fargo risk officer previously ordered to pay $10 million by the Department of the Treasury’s Office of the Comptroller of the Currency (OCC) for her alleged role in the bank’s “fake accounts” scandal is completely off the hook, according to an OCC consent order issued Tuesday.