Lululemon stock rises as founder Chip Wilson launches board proxy fight — what investors watch next
Lululemon shares rose 1.7% to $212.54 after founder Chip Wilson nominated three directors ahead of the 2026 annual meeting, setting up a possible proxy fight. CEO Calvin McDonald will step down Jan. 31, with two executives named interim co-CEOs. The board said it will review Wilson’s nominees. Lululemon shares remain down about 45% for 2025.