Lululemon Founder Chip Wilson Faces No-Prenup Divorce After Sales Cuts

Lululemon Athletica shares closed Friday at $100.61, down 17.38% in one session and about 80% below the December 2023 peak, as the retailer cut its sales forecast for the third time this year. According to BeInCrypto, founder Chip Wilson is now in divorce court with no prenuptial agreement, after reports confirmed he and Shannon “Summer” Wilson opened a family case in the Supreme Court of British Columbia in April. The company lowered its 2026 forecast to $10.35 billion from $11.35 billion in March, while second-quarter revenue fell 4% to $2.4 billion and comparable sales dropped 9%.