Lululemon Feud Strips Billionaire Founder of Right to Board Seat.

Chip Wilson founded clothing company in 1998 and still owns 9% Wilson, meanwhile, has sold into the rally, disposing of about $725 million of the company's shares in 2019, according to calculations by Bloomberg. After a November 2013 interview with Bloomberg, in which he said Lululemon's pants "don't work for some women's bodies", Wilson apologized, stepped down as chairman a month later, then threatened a boardroom fight. [Extracted from the article]