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International Business Times
International Business Times
Business

Struggling Lululemon Faces Proxy Battle as Founder Pushes for Board Overhaul

Lululemon Chip Wilson Board Elliott NY POST
Canada's Competition Bureau is investigating Lululemon for potential greenwashing, following allegations of misleading environmental claims.

Lululemon Athletica is in the midst of a leadership shake-up as founder Chip Wilson launches a proxy fight to revamp the company's board amid falling sales and stiff competition.

The yoga apparel retailer has been searching for a new CEO following Calvin McDonald's announcement that he will step down in January.

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