Lululemon Founder and Wife Divorcing | Vancouver News

Chip Wilson and his wife Summer, co-founders of Lululemon with a combined net worth of $6.1 billion, are divorcing after 20 years — and no prenup in sight. Despite that, they may have a post-nup to divide assets, including Chip’s 18% stake in Amer Sports (worth nearly $3 billion) and massive real estate holdings. Summer, a key designer behind the groove pant and founder of Kit and Ace, is far from sidelined. The news sent Lululemon’s stock plummeting 20%, its worst drop since 2018. Together, they’ve also been major philanthropists, including funding muscular dystrophy research and establishing the Wilson 5 Foundation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0c2a2d9ed2946761