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Latest / At the Brink with Erica Brinker

Unplugged: When Lulu Gives You Lemons, J.Law Launches, Snickers Snatches and Candy Corn Crashes

Pockets. That’s all Sara wants from her leggings, and it turns out Lululemon has bigger problems. Founder Chip Wilson started the Vancouver yoga brand in 1998, left the board in 2015 and is still one of its largest shareholders. After a long proxy fight, the company settled in May by seating two of his nominees, and this week it added a third director with his blessing: Tara Poseley, Lululemon’s chief product officer from 2013 to 2015. The stock has lost about half its value this year, former Nike executive Heidi O’Neill took over as CEO in September and Wilson is divorcing Shannon “Summer”…

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