Lululemon founder Chip Wilson is at odds with the athleisure company. Getty ImagesCanadian billionaire Chip Wilson has been at odds of late with Lululemon, the athletic apparel brand he founded in 1998. Wilson’s board appointee, Kathryn Henry, will continue to serve on the board, but will no longer be his designee. The price is up over 40% since the start of 2019, and up nearly 170% percent since Wilson resigned from the company’s board in February 2015. Reports of Wilson’s board banishment surfaced Wednesday; the stock was up about 0.7% that day, adding $17 million to Wilson’s net worth.

Source: Forbes May 08, 2019 22:18 UTC