Lululemon Athletica Inc. has headed off a showdown at its upcoming meeting by signing an agreement with its estranged founder who was hell-bent on spurring change at the retailer.

Lululemon has reached an agreement with founder Chip Wilson, adding two of his handpicked board candidates, while he agrees to 18 month pause in public criticism.

Secondo Reuters, l’intesa prevederebbe l’ingresso nel board di due candidati indicati dal manager, oltre alla nomina di un terzo profilo condiviso. In cambio, l’azionista di…

Lululemon has been battling with founder Chip Wilson since December, as he says the company has lost its strategic vision and needs a new board of directors.

The athletic apparel company agreed to add two of Wilson's board nominees and a third director with apparel expertise by October

Lululemon Athletica Inc. has headed off a showdown at its upcoming meeting by signing an agreement with its estranged founder who was hell-bent on spurring change at the retailer.

Lululemon shares rise as it ends Chip Wilson feud, appoints his board nominees and settles long-running proxy battle.

Lululemon has settled its proxy fight with founder Chip Wilson, ending one of the year's top proxy battles, according to Reuters.

Lululemon has settled its feud with founder Chip Wilson, which includes a clause that he stops bad-mouthing the company for an extended period of time.

Lululemon athletica inc. has reached an agreement with its founder Chip Wilson, ending a proxy battle he launched last year. Read here now

Pelo acordo, a Lululemon adicionará ao seu conselho de administração dois indicados por Wilson, entre outros pontos

As part of the settlement, Chip Wilson—the 71-year-old founder of Lululemon—has agreed not to disparage the company for roughly 18 months.