Wednesday, August 13, 2014

Lululemon and Founder Wilson Call It Truce

Following the see-through pants debacle of 2013, founder Chip Wilson resigned as CEO, but remained on the board. Now, he has agreed to sell half of his ownership in lululemon to Advent International for $845 million – forgoing the pursuit of a buyout for at least year and ending his feud with the board.



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