Four Firms Contort to Lululemon Stake Sale

, The Am Law Daily


Choate Hall, DLA Piper, Weil and Vancouver's McCullough O'Connor Irwin are advising on an $845 million deal that sees Dennis "Chip" Wilson, the billionaire founder of Lululemon Athletica, sell half of his 27.7 percent stake in the yoga apparel retailer to private equity firm Advent International. The move averts a potential proxy fight at Lululemon and comes nine months after Wilson made controversial comments about the body size of the company's predominantly female customers.

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