Friday, January 6, 2012
Chip Wilson Stepping Down From Lulu
Just announced widely today - Chip Wilson, Lululemon's founder, will be stepping down from management of the company, effective January 29th. He'll remain on the board of directors. Interesting. I know lululemon has made him a billionaire and one of the richest men in Canada so is he semi-retiring or is there something more to this announcement? The statement to the public was quite brief so I wonder if there is an interesting back story.
Posted by LuluAddict at 2:37 PM