Lululemon’s billionaire founder Chip Wilson is divorcing his wife of 20 years — without a prenuptial agreement in place, according to a report.
Wilson, whose net worth is valued at $6.1 billion, and his wife Shannon “Summer” Wilson are calling it quits, Bloomberg reported, citing two people familiar with their conversations who shared that the couple has no prenup.
There is ongoing family litigation between the Canadian couple in the British Columbia Supreme Court, but the files, first filed in April, are sealed, according to the outlet.
The two wed in 2002 and were longtime business collaborators. Shannon, 52, was one of the athleisure brand’s first hires and served as its founding lead designer. Chip, 71, credited his wife for playing a huge part in growing the brand into an $11 billion company.
Both left Lululemon more than a decade ago, but Chip remains one of its biggest shareholders, owning 8.6% of its shares — worth nearly $1 billion.
Chip, who was born in the United States but was raised in Canada, stepped down as chairman of the board at Lululemon Athletica in 2013 after a string of public gaffes.
He once notoriously blamed overweight customers for having to recall pants at his store that were so sheer that women’s rears were visible through them.
“Quite frankly, some women’s bodies just actually don’t work for [the pants],” Chip said at the time.
He also slammed Lululemon’s “whole diversity and inclusion thing” and said that the brand had become bland in the years after he left.
The founder said in a 2024 Forbes interview that the chain had “become like the Gap, everything to everybody.”
“I think the definition of a brand is that you’re not everything to everybody. You’ve got to be clear that you don’t want certain customers coming in,” he added.
He went on to blast the company’s choice to have “unhealthy” and “sickly” people in ads, who he said are “not inspirational.”
Despite no longer working at Lululemon, Chip has exerted his power as one of the top shareholders to try to influence the company’s direction.
He engaged in a proxy battle against the company’s leadership in December 2025, slamming them as “complacent” amid declining sales.
Shannon, who went on to found the luxury retail brand Kit and Ace, owns a 1% stake in the clothing chain worth approximately $100 million.