May 18 (Reuters) – Lululemon Athletica founder Chip Wilson said on Monday he is ready to reach an agreement on the principal terms provided by the athleisure maker. The company tried but failed to settle its bitter proxy fight with Wilson as recently as last week, when the apparel retailer said its founder made escalating […]
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Lululemon founder Wilson ready to reach agreement amid proxy battle
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May 18 (Reuters) – Lululemon Athletica founder Chip Wilson said on Monday he is ready to reach an agreement on the principal terms provided by the athleisure maker.
The company tried but failed to settle its bitter proxy fight with Wilson as recently as last week, when the apparel retailer said its founder made escalating demands, according to a Monday regulatory filing.
“The Board has not provided me with detail on where our disagreements lie right now, but as of Friday last week, we seemed to be in full agreement on the principal terms,” Wilson said in a statement.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Shinjini Ganguli)