February 5, 2026

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Lululemon founder launches a proxy fight to reshape apparel maker’s board

Lululemon founder launches a proxy fight to reshape apparel maker’s board

A hanging black sign is shown. It bears a red and white logo, and the words 'Lululemon' are printed in the bottom third of the sign.

Lululemon Athletica’s founder Chip Wilson said on Monday he had launched a proxy fight by nominating three independent directors to the company’s board, days after the Canadian apparel maker announced the exit of CEO Calvin McDonald.

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