Chip Wilson ready to reach agreement with Lululemon
Lululemon founder Chip Wilson says he is ready to settle with the board. He claims both parties reached an agreement on principal terms as of late last week.
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LULULEMON ATHLETICA INC founder Chip Wilson said on Monday he is ready to finalize principal terms to end a proxy battle. The announcement follows a failed settlement attempt last week after the retailer cited escalating demands from its founder. Resolving the governance dispute would remove a primary distraction for the board as it manages global expansion.
