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Lululemon Calls Truce With Founder Chip Wilson After Stock Collapse, Leggings Quality Implosion

Lululemon Calls Truce With Founder Chip Wilson After Stock Collapse, Leggings Quality Implosion Lululemon has settled its proxy fight with founder Chip Wilson, ending one of the year's top proxy battles, according to Reuters. This follows a fiery letter to shareholders from Wilson earlier this year, calling for activism, as the athletic apparel retailer has seen its shares collapse, lost market share in the leggings market, and become entangled in multiple see-through leggings quality-control issues with customers. Reuters first reported Tuesday evening that Lululemon and Wilson were nearing a settlement that...
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