Chip Wilson news and archive

Lululemon enters cooperation agreement with Chip Wilson

Lululemon Athletica inc. has entered into a cooperation agreement with founder Dennis J. “Chip” Wilson, who holds approximately 8.7 percent of the outstanding common stock of the Canada-based company. As part of the agreement, Laura Gentile, former chief marketing officer of ESPN, and Marc Maurer, former co-chief executive officer of On, will...

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Lululemon founder expresses readiness for constructive board resolution

Chip Wilson, founder of Canadian brand Lululemon Athletica (Lululemon) and one of the largest shareholders of the company, has released a statement regarding ongoing settlement discussions with the board of directors. Wilson expressed optimism about reaching a swift conclusion to the public dispute, highlighting that both parties appeared to be...

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Lululemon board defends strategic turnaround plan amidst growth deceleration

US athletic apparel company Lululemon Athletica Inc. has filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming annual meeting of shareholders scheduled for June 25, 2026. In an accompanying letter mailed to investors, the board of directors defended its strategic turnaround plan and strongly...

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Chip Wilson launches proxy contest to restore Lululemon brand focus

The founder and largest active shareholder of Canadian athletic apparel brand Lululemon, Chip Wilson, has issued an open letter to shareholders calling for a significant overhaul of the board of directors. Wilson has nominated three independent directors to be elected at the 2026 annual meeting of shareholders. The timing of this proxy contest...

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Lululemon founder Wilson challenges board composition ahead of executive search

The Canadian athletic apparel brand Lululemon founder Dennis J. ‘Chip’ Wilson has issued an open letter to prospective candidates for the role of chief executive officer, warning of significant structural issues within the company board of directors. Wilson, who remains one of the largest shareholders of the firm, expressed concern that the...

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Chip Wilson heightens pressure on Lululemon board with campaign website

Chip Wilson is accelerating his campaign calling for a leadership overhaul at Lululemon. The founder of the Canadian athleisure brand has launched a new website detailing the changes he believes are needed in order to unlock value for shareholders. The platform further spotlights the candidates Wilson’s put forth for election as independent...

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Lululemon founder Chip Wilson seeks board reform amid shareholder value concerns

Chip Wilson, the founder and a significant shareholder of Canadian athletic apparel company Lululemon, has launched a public campaign to reform the company board of directors. In a letter addressed to shareholders on February 27, 2026, Wilson expressed dissatisfaction with the current strategic oversight and the performance of the brand, citing...

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Lululemon founder Chip Wilson stirs controversy over diversity remarks

Lululemon Athletica Inc. (LULU) founder Chip Wilson's remark over the brand's diversity approach has created a controversy. In a recent Forbes interview, Wilson stated, "Lululemon is trying to be everything to everybody. But you've got to be clear that you don't want certain customers coming in." The athletic clothing company, founded by Wilson...

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Lululemon still at odds with founder

Lululemon is still at odds with their billionaire founder, Chip Wilson. Wilson recently lost his right to designate a board nominee after he "failed to observe the requirements of the support agreement relating to certain contesting stockholder actions." The news was reported by Business of Fashion. Wilson has a very long and messy history with...

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Lululemon founder believes the company 'has lost its way'

London - Dennis 'Chip' Wilson, founder of Lululemon Athletica is not pleased with the path the sporting goods company has taken, stating that it "has lost its way" and needs "a call to action." In an open letter penned to company shareholders on Wednesday, Wilson voiced his growing concerns for the direction the brand he founded in 1998 is going...

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Chip Wilson to sell remaining stake in Lululemon

Chip Wilson, one of the founders of Lululemon Athletica Inc., will be selling his remaining stake in the company according to a Securities and Exchange Commission Report filing from today. The shelf registration indicates that 20.1 million shares, or 14.1 percent stake, will be sold. Both Wilson and his wife own the shares. Wilson is currently...

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Lululemon Athletica founder Chip Wilson resigns from Board

Lululemon Athletica said its Founder Chip Wilson is stepping down from the company's Board of Directors. Wilson, who founded Lululemon in 1998, led the company through many business cycles as he expanded it from a small storefront in Vancouver to an international brand with over 250 stores. In January 2012, Wilson left his position as Chief...