Lululemon billionaire Chip Wilson and wife divorce after 20 years

Chip Wilson, founder of Lululemon Athletica, and his wife Shannon "Summer" Wilson are divorcing after more than two decades of marriage. The legal proceedings were filed in British Columbia, where assets brought into the marriage are typically excluded from division, but any increase in value is generally split equally. Wilson remains a major shareholder, owning about 8.6% of the company, while Summer owns nearly 1%.

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