FILE PHOTO: A logo is displayed outside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

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Lululemon ends proxy battle with founder Chip Wilson

by ReutersMay 27, 2026May 27, 2026

By Svea Herbst-Bayliss

NEW YORK, May 27 (Reuters) – Lululemon Athletica has settled its proxy fight with Chip Wilson, giving the athletic apparel maker’s founder board seats in exchange for a pledge that he will give the company peace as a new chief executive takes over the helm.

The agreement confirms the story Reuters first reported on Tuesday.

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(Reporting by Svea Herbst-Bayliss; Editing by Pooja Desai)

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Lululemon ends proxy battle with founder Chip Wilson

Reuters

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