Chip Wilson news and archive

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...

Business

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...

Business

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...