Lululemon founder to leave board, keep stake in yogawear chain: Reuters
Lululemon Athletica Inc founder Chip Wilson said he is quitting the board of directors of the yogawear retailer, hit nearly two years ago by a major recall, because the company was back on track with a strong management team, Reuters reported. In 2014, Wilson sold about half of his interest in the Vancouver-based company to U.S. private equity firm Advent International for US$845 million. A spokesman for Wilson said he has no plans to trim his remaining 13.75 percent stake.
3 February 2015•2 mins read
