Briefing

    Lululemon ends founder’s right to board seat

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    Chip Wilson will no longer be able to nominate one of the directors of the athleisure company he started. He owns 9.4 per cent of the firm. Lululemon said Wilson had failed to abide by the terms of his shareholder support agreement, but did not specify how. In October 2018, Wilson suggested he was considering a return to the company’s board this year, after leaving it in 2015.(Bloomberg)   

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