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
-
News BriefJudge reinstates fired CPSC commissioners in latest battle over government cuts
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
-
PremiumUK’s Failure to Prevent Fraud law may expose firms to unlimited fines and prosecution, says Moody’s compliance risk expert
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
-
ArticleCrypto firms brace for tighter UK oversight as FCA plots integration with financial markets
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned ...