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00:00:00
we've goals are the most critical shift wilson the founder of lululemon looking to potentially sell his family's entire remaining stake in the yoga wear maker worth one point three billion dollars lululemon disclose the news in a regulator a filing thursday reuters correspondent so the reno who says the money could go towards his families next retail venture gibson essentially , on and they're also expanding into our london australia and %HESITATION japan this year as well lucent resigned from lou lemons board earlier this year after busting heads with the directors if he decides to sell his stake wilson would essentially be cutting all ties with the company he founded seventeen years ago under his leadership the vancouver based brand froze to cult status , has been struggling to win back customers following a series of snafus including penske , fiasco involving sheer yoga pants , resulted in a high profile recall in march two thousand thirteen wilson's remarks made matters worse subsequent from that %HESITATION you know chip has made comments like , you know not all women's bodies are suited to a little lemon hands on he made comments about you know the way on some women's thighs rub together and and created peddling that kind of thing so i created armor a backlash with customers a spokesman for wilson said thursday's filing doesn't mean he intends to sell immediately it's merely gets and the ability to do so in the future