Lululemon reached a cooperation agreement with founder Chip Wilson, adding two of his handpicked candidates to the board. In exchange, Wilson will pause public criticism of the company for 18 months. The deal eases governance conflict and may reduce near-term activist pressure on the stock.
Lululemon reached a cooperation agreement with founder Chip Wilson, adding two of his handpicked candidates to the board. In exchange, Wilson will pause public criticism of the company for 18 months. The deal eases governance conflict and may reduce near-term activist pressure on the stock.
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mildly positive
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0.15
