Lululemon founder sells half his shares after turbulent year
08/08/2014
The founder of Canada-based yogawear brand Lululemon has agreed to sell 50% of his share – or 14% of the overall company - to private equity firm Advent. The deal, worth $845 million, comes on the back of fraught discussion that included Chip Wilson stating that he did not have faith in the new management and voting against them at a board...
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