Lululemon founder Chip Wilson files for divorce after 20 years, no prenup
Chip Wilson, founder of Lululemon, has filed for divorce from his wife and business partner, Shannon Wilson, after 20 years of marriage. The lack of a prenuptial agreement has raised questions regarding the division of their significant assets.
Why it matters
The high-profile nature of the couple and the lack of a prenup highlights the complexities of asset division for wealthy business founders.
Chip Wilson, the founder of popular athleticwear brand Lululemon, has filed for divorce from his wife and business partner, Shannon ‘Summer’ Wilson, after 20 years of marriage. The couple reportedly did not sign a prenuptial agreement, leaving the future division of their considerable assets unclear.Wilson, 71, filed a family legal proceeding in the Supreme Court of British Columbia in April, according to Bloomberg. The American-born entrepreneur, who was raised in Canada and continues to live there, has not publicly detailed the circumstances surrounding the couple’s separation.Those familiar with the matter told the publication that the Wilsons had discussed their separation with friends. The couple have yet to publicly comment on the divorce.Chip Wilson and Shannon Wilson’s connection to LululemonWilson stepped away from Lululemon more than a decade ago.
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