Lululemon founder offloads Amer shares worth $160M
Chip Wilson, Lululemon founder, sold $159.7 million worth of Amer Sports stock last week, offloading over 4 million shares. The move follows his recent decision to pledge Lululemon shares to banks for liquidity. Wilson first invested in Amer in 2019 alongside China’s Anta Sports. Since Amer’s New York listing in early 2024, its stock has more than tripled, making Wilson’s 18% stake roughly half of his $8 billion fortune. Wilson still holds significant firepower with over $500 million in bank-backed liquidity and no Amer shares pledged as collateral. Whether the sale signals strategic shift or profit-taking remains unclear.