# Lululemon is taking its battle with activist founder Chip Wilson public.

*business · news · 2026-05-18 · CNBC*

## Key points

- Lululemon publicly accused founder Chip Wilson of 'conflicts of interest' with direct competitors Alo Yoga and Vuori.
- Settlement talks broke down after Lululemon offered two board seats plus an advisory council, but Wilson demanded more rights and reimbursement.
- Lululemon claims Wilson's nominees lack public company board and apparel retail experience, especially Marc Maurer with a major On stake.
- Shareholders will vote between Lululemon's leadership slate and Wilson's three new nominees at the June 25 annual meeting.
- Lululemon attributed its ongoing struggles and proxy fight with Wilson as reasons for recent weak earnings guidance.

**Companies:** Lululemon, Vuori, Alo Yoga, On
**Countries:** Canada, United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/18/lululemon-proxy-war-with-chip-wilson-goes-public-sets-annual-meeting.html)

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