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Story summary
- Chip Wilson, founder of Lululemon Athletica, blasted the board over the 'Get Low' leggings recall as a total operational failure.
- He argued that the board is inexperienced and focused on short-term gains.
- The Breezethrough recall occurred in 2024 due to customer complaints.
- Analysts question the brand's innovation and market position as stock has fallen over 50% in the past year.
- Wilson, a major shareholder, pushes for leadership changes amid issues.
