Description: This past week, Lululemon founder Chip Wilson left the board of the popular clothing retailer. Wilson has joined the a competitor clothing company founded by Shannon, his wife, and J.J., his son. This new company, Kit and Ace, appears set to compete with Lululemon in the high-end clothing market.
Source: Globe and Mail.com
Date: Februray 2, 2015
1) Are you a fan of the Lululemon clothing line? Why?
2) Mr. Wilson still maintains 13.75 % of Lululemon’s shares. What potential conflict of interest issues might emerge given his family’s new business ?
3) What are some of the challenges business founders like Mr. Wilson face when their company reaches a more mature phase?