Lululemon founder could take stake in Amer Sport - sportstextiles: Lea SportsTextiles

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Lululemon founder could take stake in Amer Sports

05/12/2018
Chip Wilson, the founder of Canada-based yogawear brand Lululemon, is close to joining a consortium bidding to acquire Finish sportswear group Amer Sports, according to Bloomberg.

The Chinese consortium is led by sports group Anta and also includes Hong Kong-based private investment group FountainVest Partners. Internet giant Tencent Holdings is also said to be interested in joining the negotiations.

Quoting people familiar with the matter, Bloomberg said Mr Wilson is in talks to take around a 20% stake as part of his involvement. 

He founded Lululemon in 1998 but left the company’s board in February 2015 after disagreements with fellow directors. 

Related stories:

Lululemon puts the ‘Power of Three’ into action 14/06/2019
Lululemon unveils ambitious five-year growth plan 24/04/2019
Lululemon reports one of ‘strongest years yet’ 28/03/2019
Amer directors cleared to sell their shares to Anta-led consortium 24/01/2019
Anta-led consortium makes offer for Amer Sports 07/12/2018
Amer Sports still focused on organic growth despite Chinese bid 20/09/2018
Amer Sports confirms interest from potential Chinese buyers 13/09/2018

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