Feb. 27 at 6:37 PM
Lululemon Athletica founder Chip Wilson escalated his fight with the company’s board, accusing it of weak governance and strategic drift as he pushes for major changes.
In a letter to shareholders, Wilson—former chairman and the company’s largest shareholder—said months of private outreach have yielded little progress. He argued the board has been slow to engage with his proposals and lacks the brand and creative expertise needed to restore Lululemon’s long-term momentum.
The dispute centers on what Wilson views as a growing disconnect between Lululemon’s creative strengths and the board’s ability to translate them into sustained financial and strategic success, intensifying tensions at the athletic apparel maker.
$LULU