Lululemon Founder Criticizes Board's Response to Proposed Changes

Chip Wilson, the founder of Lululemon Athletica, has intensified his efforts to implement changes within the yogawear company. Bloomberg posted on X that Wilson expressed dissatisfaction with the current board's reaction to his proposals, describing them as 'weak and insufficient' in a letter addressed to shareholders. Wilson's campaign aims to influence the company's direction and governance, highlighting his concerns over the board's handling of strategic decisions. The founder's letter underscores his commitment to driving improvements and ensuring the brand's continued success in the competitive market.