Lululemon (LULU.US) reaches agreement with founder Wilson to restructure the board of directors, resolving the proxy dispute.

According to the Securities Times app, yoga apparel brand Lululemon Athletica (LULU.US) announced on Thursday that it has reached a cooperation agreement with company founder Chip Wilson, who currently holds 8.7% of the company's shares. This also means that the dispute over the proxy rights between the two parties has temporarily come to an end.