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BUSINESS NEWS · GLOBAL ·

Lululemon settles proxy battle with founder Chip Wilson, agrees to two board nominees

As reported by Business News
Lululemon has been battling with founder Chip Wilson since December, as he says the company has lost its strategic vision and needs a new board of directors.
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Lululemon has officially settled its ongoing proxy battle with founder Chip Wilson, a dispute that originated in December over concerns about the company's strategic direction. Wilson advocated for a revitalized board of directors to address these issues. Under the terms of the…

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