Lululemon Founder Sold Shares Days Before CEO’s Exit

Mani

Published onJune 13, 2013

Updated on May 13, 2021

Lululemon Athletica Inc. (NASDAQ:LULU) (TSE:LLL) Chairman Dennis “Chip” Wilson sold $50 million worth of stock in the company four days before the shares plummeted on the chief executive officer’s sudden departure.

Shares of yoga-apparel retailer Lululemon Athletica Inc. (NASDAQ:LULU) (TSE:LLL) plunged after CEO Christine Day quit. Some of the biggest fans of Lululemon Athletica have been demanding the CEO’s resignation since the yoga gear maker’s most popular pants styles tanked in the fashion market because they were too sheer.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Lululemon Founder Sold Shares Days Before CEO’s Exit

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