Founder Chip Wilson looking at sale of entire Lululemon stake: Reuters
Chip Wilson, who founded Lululemon Athletica Inc and left its board earlier this year after disagreements with fellow directors, is now looking to potentially sell his family's estimated US$1.3 billion stake in the yogawear maker, Reuters reported. The Vancouver-based Lululemon averted a proxy war last year when Wilson agreed to sell half his stake in the company to Advent International, a U.S. private equity firm.
12 June 2015•2 mins read
