Lululemon Founder Blasts Board Again Amid Stock Collapse

Lululemon Founder Blasts Board Again Amid Stock Collapse Lululemon Athletica founder Chip Wilson blasted the board in a fiery message to shareholders earlier and ramped up calls for activism as the athletic apparel retailer is set for a lost year, lagging behind competitors, losing market share, and entangled in multiple see-through-leggings quality-control controversies with customers. The nearly 70% collapse in Lululemon's market capitalization from its late-2023 peak of $5...

By Tyler Durden