Posted by & filed under Corporate Governance, Ethics.

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

Link: http://www.theglobeandmail.com/report-on-business/lululemon-founder-chip-wilson-steps-down-from-board/article22743668/

Discussion Points:

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?

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