Lululemon’s founder promises not to trash the brand for 18 months
Summary Lululemon founder Chip Wilson has agreed to stop publicly criticizing the athleisure company for 18 months. The settlement ends a five-month proxy fight and adds three directors to the board. The agreement clears obstacles for incoming CEO Heidi O’Neill as shares have fallen more than 30% this year. AI-generated summary was reviewed by a…
