The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Lululemon Athletica founder Chip Wilson arrives for the annual meeting in Vancouver on June 11, 2014. Mr. Wilson is said to be considering buying out other shareholders and going private, or selling his 27-per-cent stake.
Lululemon Athletica founder Chip Wilson arrives for the annual meeting in Vancouver on June 11, 2014. Mr. Wilson is said to be considering buying out other shareholders and going private, or selling his 27-per-cent stake.
(BEN NELMS/REUTERS)

Wilson’s going-private idea may be Lululemon’s best option

Let’s be clear: Chip Wilson has become a nuisance. He’s a major distraction for the management of the company he founded, but no longer runs. He’s a risky wild card for the future of the yoga-wear retailer, where he’s still the biggest shareholder and is very publicly displeased. He’s an albatross around the neck of a stock that has enough problems without him.