Entrepreneur

Lululemon Founder Chip Wilson Had a Falling Out With His Brand. Now He Wants Back In.

Entrepreneurs pour their hearts and souls into their businesses. Is there ever a good -- or easy -- time to walk away?
Source: Courtesy of V. Polite
Courtesy of V. Polite

Chip Wilson has a long, tangled history with athleisure brand Lululemon. He created the company in 1998 and stepped down as in 2005 after selling nearly half of it to . He has since held various roles and remains its largest individual shareholder (which makes him a ), but he’s been gone from its board since 2015, following an infamous misstep: In 2013, as the company dealt with a problem of its products pilling, Wilson told Bloomberg TV that “some women’s bodies” aren’t right for Lululemon. He later said he was talking specifically about how some women were incorrectly using the product as a compression garment instead of workout gear, comments that sparked a nationwide story about body image. Since then, Wilson has routinely and publicly criticized the company’s leadership from the sidelines -- and in October, he self-published athat lays out an argument for his return (and says he intends to become involved in the company once again). Here, Wilson and have a candid conversation about a founder’s role in a company, and how to know when that relationship should end.

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur3 min read
Small Packaging Changes Can Have a Big Impact on Consumer Perception and Help You Meet Your Sustainability Goals
Sometimes even the smallest change can go a long way in improving consumer perception and brand loyalty. Right now, one of the most immediately impactful things a brand can do is to switch plastic packaging materials for paper. And for good reason. A
Entrepreneur3 min read
The One Change Auto Services Giant Monro Made to Save Time and Gain Insight into Procurement
In today’s fast-paced retail landscape, having a great product is essential, of course. But smart business owners know at least two other things are crucial for success as well: efficient inventory management and streamlined distribution processes. W
Entrepreneur2 min read
Which Fridge Would You Eat From?
Will people buy cheap food to help save the planet? The answer is yes—and no. This was the idea behind Flashfood, an app-based marketplace that aims to divert food away from landfills, and to families in need. It collects food nearing its best-by dat

Related Books & Audiobooks