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Lululemon shareholders back board slate after truce with founder

Management & GovernanceShort Interest & ActivismCompany FundamentalsConsumer Demand & Retail

Lululemon shareholders elected three management-backed directors, including former Levi Strauss CEO Chip Bergh, ending a bruising proxy fight with the company’s founder. The settlement clears the way for the incoming CEO to focus on reviving the athleisure brand, but the article contains no operating or financial metrics.

Analysis

Lululemon shareholders elected three management-backed directors, including former Levi Strauss CEO Chip Bergh, ending a bruising proxy fight with the company’s founder. The settlement clears the way for the incoming CEO to focus on reviving the athleisure brand, but the article contains no operating or financial metrics.

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