Lululemon founder takes stake in Anta Sports - sportstextiles: Lea SportsTextiles

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Lululemon founder takes stake in Anta Sports

03/07/2019
The founder of yogawear brand Lululemon, Chip Wilson, has invested $100 million in Chinese sportswear group Anta. The investment gives him a 0.6% stake in the company, Forbes has reported.

Anta has said the sale of shares to Mr Wilson “represents a valuable opportunity for the company to bring in a renowned investor with strong financial resources and an extensive business network.”  

He is best known for launching Lululemon in 1998. He stepped down as chairman of the company in 2013 after disagreements with fellow directors and has since been a vocal commentator about its activities. 

Earlier this year, Mr Wilson’s investment company, Anamered Investments, was part of a consortium led by Anta that acquired Finnish group Amer Sports, owner of brands such as Atomic, Salomon and Wilson. 

Related stories:

Lululemon teams up with UN to help aid workers 09/10/2019
Lululemon adds financial expertise 12/07/2019
Anta-led consortium targets full control of Amer Sports 12/03/2019
Anta shareholders approve Amer acquisition 22/02/2019
Lululemon founder reduces his stake in the company 22/02/2018
Kit and Ace may have tried to expand too fast 27/09/2016
Founder says Lululemon is missing out 03/06/2016
Chip Wilson rocks the boat at Lululemon with board appointment 04/02/2016
Chip Wilson steps down from Lululemon’s board 03/02/2015

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