Lululemon founder makes noise over gaining more control


Lululemon (LULU) founder Chip Wilson is in talks with Goldman Sachs over constructing a strategy to gain more control at the company, according to The Wall Street Journal.

Options for Wilson include starting a proxy fight to gain more board seats or finding a P-E partner for a buyout.

LULU +1.9% premarket

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Comments (2)
  • Tap16Lesiew
    , contributor
    Comments (384) | Send Message
     
    What do shorts do here -- cover?

     

    I think longs stay the course and hope any potential buyout price is not too low.
    23 Jun 2014, 07:16 AM Reply Like
  • Greg2333
    , contributor
    Comments (26) | Send Message
     
    Shorts clearly don't understand the value of the brand. Now that Chip has hired the smartest guys in the room they can smooth out the amateurish execution issues and little league board of directors.
    23 Jun 2014, 07:40 AM Reply Like
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