(Il Sole 24 Ore Radiocor) - Milano, 18 mag - Lululemon Athletica has recommended its shareholders vote against the slate of directors nominated by founder Chip Wilson.

"Mr. Wilson has outdated perspectives about how to position lululemon and the future of the company, as well as troubling conflicts of interest," the company said in a statement.

"His actions have been damaging to the brand and harming the very stakeholders he claims to represent: shareholders, guests, and employees." Earlier this month Wilson stepped up his proxy fight against the company, outlining a series of issues he claims its board has neglected.Wilson, who is also Lululemon's biggest active investor, previously nominated three directors for Lululemon's board.

"Electing any of Mr. Wilson's nominees would endorse his misguided perspectives, significantly downgrade the Board's skills and expertise, and jeopardize the ability of the leadership team and our incoming CEO to effectively build on and accelerate lululemon's ongoing action plan at a critical.

time for the business."

(RADIOCOR) 18-05-26 19:50:25 (0594) 5 NNNN