Agenda-setting intelligence, analysis and advice for the global fashion community.

Chip Wilson Keeps Lululemon’s Proxy Battle Going

The proxy battle at Lululemon continues as founder and ousted former CEO Chip Wilson pushes investors to vote for his preferred candidates in the company’s annual shareholder meeting.

Lululemon’s CEO is stepping down amid slowing growth — Lululemon announced Heidi O'Neill as its next chief executive. (Shutterstock)

Mike Sykes

01 May 2026

Good morning, friends! Welcome back to The Kicks You Wear. Thanks so much for reading today. I appreciate you giving me a bit of your time. Happy Friday! Cheers to the weekend. It’s kind of a big one for sports and fashion — we’ve got the Kentucky Derby and the Miami Grand Prix this weekend. Lots of racing and big hats.

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Lululemon Founder Chip Wilson Is Starting Athletic-Brand Venture

The business will include new brands as well as existing small brands.

Lululemon Keeps Giving Chip Wilson Things To Talk About

Lululemon’s latest mishap has become the newest blunder for Chip Wilson to pin on its board of directors as he tries to reassert himself with the company.

Lululemon Founder Chip Wilson Sells Half His Stake for $845M

Lululemon Athletica Inc. founder Chip Wilson will sell half his stake in the yogawear company to private equity firm Advent International for about $845 million.

About the author

Mike Sykes

Mike Sykes is the Sports and Fashion Correspondent at the Business of Fashion. He is based in Washington, D.C. and is laser-focused on covering the sportswear world where it intersects with fashion, tech and more.

In This Article

Topics

Sports

For Adidas, Making Marathon History Worked Well

Adidas’ performance at the London Marathon established it as a leader in the running category.

Opinion: Lululemon’s CEO Choice Is a Missed Chance to Pacify Elliott

It’s difficult to see why the company didn’t select investor Elliott’s preferred candidate, Ralph Lauren Corp.’s Jane Nielsen, writes Andrea Felsted.

Heidi O’Neill Deserves a Chance to Succeed at Lululemon

The Nike veteran’s appointment as Lululemon’s CEO doesn’t seem to be going over well with investors.

Don’t Blame Basketball for Nike’s Slowdown

An NBA reporter’s analysis of Nike’s basketball business has sparked a new conversation about how much the category and the stars that drive it are to blame for the company’s recent struggles.

Adwoa Beauty to Enter Liquidation

A Texas court ruled that the hair-care label’s bankruptcy filing be converted to Chapter 7.

How Chanel Became the Hottest Brand in Fashion

As the French couture giant cruised into Biarritz this week, surging interest in its revamp under designer Matthieu Blazy scored it the top spot on the Lyst Index. But could Blazymania go too far?

Building Connection Through Luxury’s Sensory Evolution

Luxury fragrance house Amouage, together with The Business of Fashion, convened leading creatives for an evening of open dialogue on the evolution of the luxury industry — from visual symbol to deeper emotional connection.

The BoF Podcast | Inside Dries Van Noten’s Venice Manifesto

After stepping back from his namesake brand, Dries Van Noten has opened a foundation in a Venetian palazzo dedicated to craft, beauty, and the things made by hand and soul. BoF's Tim Blanks speaks with the designer about why, in ugly times, making something beautiful is the only real form of protest.

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