Story perspectives

Chip Wilson Sparks Lululemon Leadership Crisis Amid Sales Decline

3/17/2026

47 4

Summary

Story summary

Lululemon Athletica Inc. faces a power struggle as Chip Wilson, founder, clashes with management and the board.
Calvin McDonald, former chief executive officer of Lululemon Athletica Inc., resigned in January.
Interim co-chief executives Meghan Frank and Andre Maestrini lead the company amid turmoil and oversee a $10 billion business.
North American sales decline due to competition and looser styles, requiring Lululemon to adapt to regain market share amid cheaper alternatives.

1 of 1

Story summary

Lululemon Athletica Inc. faces a power struggle as Chip Wilson, founder, clashes with management and the board.
Calvin McDonald, former chief executive officer of Lululemon Athletica Inc., resigned in January.
Interim co-chief executives Meghan Frank and Andre Maestrini lead the company amid turmoil and oversee a $10 billion business.
North American sales decline due to competition and looser styles, requiring Lululemon to adapt to regain market share amid cheaper alternatives.