The Globe and Mail reports:
"The Chip Wilson is talking with bankers at Goldman Sachs Group Inc. in considering a host of options, including teaming with a private-equity firm to mount a buyout or selling his holdings in the company, a source familiar with the situation said Sunday."
"With about a 28-per-cent stake in the company, Mr. Wilson tried unsuccessfully almost two weeks ago to remove two members from the board of directors, including the chairman who recently replaced him in that position."
"Mr. Wilson, who still sits on the board, says he wants the company to focus more on long-term objectives and product innovation rather than just short-term results."
"Mr. Wilson, in his attempt to refocus the retailer on product and innovation, is talking to Goldman Sachs about his options, the source said. “But we haven’t signed a deal with Goldman Sachs yet … There’s no signed deal with any financial institution … Nothing has been finalized.”"
"Retail analyst Jennifer Black said Lululemon customers are growing impatient with the “lack of newness” and “lack of depth” among the merchandise." [Preach it, sister. Of all the analysts who follow lululemon Jennifer Black is the one who best understands how we consumers relate to the brand. I think that's because she's also a customer.]