UPDATE 1-Lululemon averts proxy war; founder to sell half his stake – Reuters

Reuters
(Recasts lead with sale of part of founder’s stake; adds adviser, details). By Nadia Damouni. NEW YORK Aug 7 (Reuters) – Lululemon Athletica Inc founder Chip Wilson will sell half of his 27 percent stake in the yoga apparel maker to private equity firm Advent …
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