"My passion for the Lululemon Athletica muse has never changed, but I know this campaign for change cannot be about me. It is about recommitting Lululemon to genuine creative leadership that will re-establish a brand of enduring strength."
"Mr. Wilson has not been involved with the company for a decade, and since his departure, Lululemon has continued to adapt to the marketplace and lead the industry, building one of the most compelling growth stories in retail."
Chip Wilson founded Lululemon in 1998 and left the company in 2013 after a series of controversial remarks. He remains a 70-year-old billionaire holding an 8% stake, keeping significant financial exposure to Lululemon's performance. Shares have underperformed peers over the past two years, and CEO Calvin McDonald is set to leave at the end of January 2026. Lululemon named CFO Meghan Frank and CCO André Maestrini as interim co-CEOs while searching for a permanent replacement. Wilson nominated three board candidates and launched a proxy contest seeking renewed creative leadership. Lululemon said Wilson has not been involved for a decade and highlighted its growth.
Read at Business Insider
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