Lululemon proxy war with Chip Wilson goes public, sets annual meeting

Lululemon proxy war with Chip Wilson goes public, sets annual meeting

Lululemon is showing its teeth.  The Vancouver, British Columbia-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show.  The letter, Lululemon’s first major public…

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Bahrain-led UN resolution on Strait of Hormuz gains support of 112 nations | US-Israel war on Iran News

Bahrain-led UN resolution on Strait of Hormuz gains support of 112 nations | US-Israel war on Iran News

A draft United Nations Security Council resolution calling for freedom of navigation through the Strait of Hormuz has gained 112 co-sponsors, according to diplomatic sources, underscoring the breadth of global concern over the closure of one of the world’s most critical shipping lanes. The resolution, tabled by Bahrain and the United States, seeks to protect…

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