Lululemon founder Chip Wilson launched a proxy fight to replace board members and gain more control over the company.

Lululemon founder Chip Wilson has initiated a proxy fight aiming to replace members of the company's board of directors, seeking greater influence over corporate governance. The move marks a significant escalation in tensions between Wilson and current leadership, though specific reasons for the push were not detailed in the announcement. The proxy battle could lead to major changes in the company’s direction and leadership structure.