Lululemon proxy fight against founder Chip Wilson goes to shareholders

We can report that settlement talks between Lulu Lemon and founder Chip Wilson fell apart late last week. Now, that's according to materials viewed by CNBC. So, now the retailer is taking this proxy contest directly to shareholders.It plans to issue a letter to shareholders urging them to vote for its three board nominees at its annual meeting on June 25th. Now, this is the retailer's first major public response to Wilson since the proxy battle began in December. In the letter, Lululemon said Wilson has quo ...