Chip Wilson news and archive

Lululemon founder Chip Wilson stirs controversy over diversity remarks

Lululemon Athletica Inc. (LULU) founder Chip Wilson's remark over the brand's diversity approach has created a controversy. In a recent Forbes interview, Wilson stated, "Lululemon is trying to be everything to everybody. But you've got to be clear that you don't want certain customers coming in." The athletic clothing company, founded by Wilson...

Business

Lululemon still at odds with founder

Lululemon is still at odds with their billionaire founder, Chip Wilson. Wilson recently lost his right to designate a board nominee after he "failed to observe the requirements of the support agreement relating to certain contesting stockholder actions." The news was reported by Business of Fashion. Wilson has a very long and messy history with...

BusinessFeatured

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

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...