NasdaqGS:LULULuxury
Chip Wilson’s Activist Campaign Puts Lululemon Governance And Quality Under Scrutiny
Founder Chip Wilson has launched an activist campaign targeting Lululemon athletica's (NasdaqGS:LULU) board.
The move follows quality control concerns, including the recall of the "Get Low" leggings over product issues.
Wilson is preparing a proxy contest aimed at replacing certain board members.
The campaign highlights internal tension around how the company manages product, operations and governance.
Lululemon athletica, known for its premium athletic and lifestyle apparel, now faces a...