Lululemon Founder Initiates Proxy Fight for Board Reshuffle
TL;DR Summary
Lululemon's founder Chip Wilson is challenging the company's current leadership by nominating new board members, criticizing the company's recent struggles and leadership changes, amid a broader battle for control involving activist investors and rival companies, as the brand faces increased competition and market challenges.
- The barbarians are at Lululemon’s gate CNN
- Lululemon Founder Chip Wilson Launches Proxy Fight to Overhaul Board The Wall Street Journal
- Lululemon Founder Nominates Three New Board Candidates Bloomberg.com
- Lululemon founder launches a proxy fight to reshape apparel maker's board CBC
- Lululemon founder Chip Wilson launches proxy fight for board shakeup CNBC
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