Lululemon billionaire founder Chip Wilson files – Business News
Lululemon’s billionaire founder Chip Wilson is divorcing his spouse of 20 years — with out a prenuptial settlement in place, in accordance with a report.
Wilson, whose web value is valued at $6.1 billion, and his spouse Shannon “Summer” Wilson are calling it quits, Bloomberg reported, citing two people acquainted with their conversations who shared that the couple has no prenup.
There is ongoing household litigation between the Canadian couple within the British Columbia Supreme Court, however the files, first filed in April, are sealed, in accordance with the outlet.
Lululemon founder Chip Wilson and his spouse Shannon “Summer” Wilson are divorcing, in accordance with a report. summerwilsondesign/Instagram
The two wed in 2002 and had been longtime business collaborators. Shannon, 52, was one of the athleisure model’s first hires and served as its founding lead designer. Chip, 71, credited his spouse for taking part in a enormous half in growing the model into an $11 billion company.
Both left Lululemon more than a decade in the past, however Chip stays one of its largest shareholders, proudly owning 8.6% of its shares — value practically $1 billion.
Chip, who was born within the United States however was raised in Canada, stepped down as chairman of the board at Lululemon Athletica in 2013 after a string of public gaffes.
He as soon as notoriously blamed obese clients for having to recall pants at his store that had been so sheer that girls’s rears had been seen by means of them.
“Quite frankly, some women’s bodies just actually don’t work for [the pants],” Chip mentioned on the time.
Chip Wilson and his spouse Shannon “Summer” Wilson wed in 2002. summerwilsondesign/Instagram
The two had been longtime business companions. Getty Images
He additionally slammed Lululemon’s “whole diversity and inclusion thing” and mentioned that the model had change into bland within the years after he left.
The founder mentioned in a 2024 Forbes interview that the chain had “become like the Gap, everything to everybody.”
“I think the definition of a brand is that you’re not everything to everybody. You’ve got to be clear that you don’t want certain customers coming in,” he added.
He went on to blast the company’s option to have “unhealthy” and “sickly” people in advertisements, who he mentioned are “not inspirational.”
Chip Wilson stepped down as chairman of the board at Lululemon Athletica in 2013. REUTERS
Despite no longer working at Lululemon, Chip has exerted his energy as one of the highest shareholders to attempt to affect the company’s direction.
He engaged in a proxy battle towards the company’s management in December 2025, slamming them as “complacent” amid declining gross sales.
Shannon, who went on to discovered the luxurious retail model Kit and Ace, owns a 1% stake within the clothes chain value roughly $100 million.
