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Lululemon CEO Transition Sparks Founder Concerns Amid Stock Decline

Lululemon CEO Transition Sparks Founder Concerns Amid Stock Decline

Author:

Global Cryptocurrency

Published:

2025-12-12 19:21:02

17

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BTCCSquare news:

Lululemon Athletica announced the departure of CEO Calvin McDonald, marking the end of his eight-year tenure. The company has initiated a search for a successor, a MOVE that has drawn public criticism from founder Chip Wilson, who holds over 8% of the company's shares. Wilson lambasted the board for what he called a failure in succession planning and a misunderstanding of the brand's core customer base.

The athleisure giant's stock has struggled this year, eroding its premium brand value. Analysts and Wilson alike see an opportunity for fresh leadership to steer the company through its recovery phase. Lululemon did not respond to requests for comment on the transition process or Wilson's remarks.

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