Lululemon and Founder Chip Wilson Agree to End Public Feud
Lululemon Athletica (NASDAQ:LULU) has reached an agreement with its founder, Chip Wilson, allowing him board picks in exchange for ceasing public criticism of the company. Despite this resolution, Lululemon's stock struggles are attributed more to slowing growth and declining profits than internal conflicts.
Tickers: $LULU
Topics: board agreement CEO transition Chip Wilson Lululemon