The Vancouver-based athleisure giant and its founder, a shareholder who no longer has an active role with the company, entered into a co-operation agreement that will see two of Wilson’s nominees join the company’s board of directors after its annual general meeting next month. (The Logic)

Talking point: Wilson, who owns about 8.7 per cent of Lululemon’s outstanding common stock, had been waging a campaign against the floundering retailer, targeting a leadership change after then-CEO Calvin McDonald stepped down at the end of January. Wilson had launched a proxy battle, asking shareholders to vote Marc Maurer, Laura Gentile and Eric Hirshberg onto the board at the annual meeting on June 25. Only with a refreshed board could Lululemon choose a suitable next CEO, he argued. The company, however, appointed ex-Nike exec Heidi O’Neill as CEO, starting Sept. 8—a choice Wilson did not support. Under the agreement, Maurer and Gentile will join the board; and Wilson has agreed to non-disparagement and other provisions for 18 months until 30 days before the deadline for nominations for the 2028 meeting.