Lululemon Founder Steps Down From Board After Resolving Feud

Lululemon Athletica Inc. founder Chip Wilson, who had feuded with the company’s management over strategy, is stepping down as a board member, saying the yogawear retailer is back on track.

Wilson, who has pushed for changes at the company since he returned from a sabbatical in Australia in 2013, said in a statement Monday that Lululemon has returned to its “core values.” The progress is reflected in the company’s share price, Wilson said. The stock is up about 70 percent in the past six months.