On the Multi Commodity Exchange (MCX), gold futures (April 2) were trading around 1 per cent, or Rs 1,313, lower at Rs 1,51,712, hitting an intraday low at around 10:22 am. Similarly, silver futures (May 5) declined to Rs 2,43,083, down 2 per cent or Rs 5,111.On the Multi Commodity Exchange (MCX)
Oil and gas prices have risen sharply after fresh strikes hit energy infrastructure in the Middle East, including Qatar's main gas facility. Gas prices jumped by about 25% on wholesale markets in the UK and Europe in early trading, before easing slightly
So far in 2026, more than 35,000 job cuts have been reported across over 50 companies, according to layoffs tracker Layoffs.fyi. HSBC Holdings Plc is evaluating a fresh round of deep job cuts that could impact as many as 20,000 roles over the coming years
GATE Result 2026 declared at gate2026.iitg.ac.in, direct link to check here Published on: Mar 19, 2026 3:06 PM IST By HT Education Desk | Edited by Papri Chanda Prefer HTon Google Quick Read Share via Copy link Indian Institute of Technology, Guwahati has declared GATE Result 2026
The Ministry of Petroleum and Natural Gas has said only those who haven’t completed the eKYC process need to act; existing compliant users, especially under the PM Ujjwala Yojana, are not required to update their KYC frequently. LPG consumers may need to complete the Aadhaar-based authentication
For Gudi Padwa 2026, actress Isha Koppikar has shared that she is focusing on teaching her daughter, Rianna, the core values behind the festival rather than just the rituals. New Delhi: As the country celebrates Gudi Padwa today, actress Isha Koppikar reflected on how she marks the festival
IMD issued a widespread alert for rain and thunderstorms across Delhi-NCR, Rajasthan, and Central India starting today, March 18, 2026. Heavy snowfall is predicted for Jammu & Kashmir and Himachal Pradesh. A much-needed respite from the rising March temperatures is on the horizon
Ishan Kishan has been appointed stand-in captain of Sunrisers Hyderabad ahead of IPL 2026, with opener Abhishek Sharma named his deputy. The India wicketkeeper-batter will lead the side in the absence of regular skipper Pat Cummins, who is currently recovering from a back injury that also ruled him
Lululemon founder Chip Wilson launches proxy fight for board shakeup
Lululemon founder Chip Wilson has launched a proxy fight by nominating three independent directors to the company's board, days after the athleisure maker announced the exit of CEO Calvin McDonald. Wilson said the board had failed on oversight and succession planning, arguing that shareholders would not trust a new CEO chosen by the current board.
Lululemon Athletica's founder Chip Wilson said on Monday he had launched a proxy fight by nominating three independent directors to the company's board, days after the apparel maker announced the exit of CEO Calvin McDonald.
Lululemon shares have shed nearly half their value this year as the company struggles to find its footing with younger and affluent shoppers, while battling stiff competition from fast-growing newer rivals such as Alo Yoga and Vuori, as well as pressure from activist investor Elliott Management.
Wilson has nominated three director candidates to Lululemon's board, including former On Running co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg.
"The recent CEO change announcement was the third total failure of board oversight with no clear succession plan in place. Shareholders have no faith that this board can select and support the next CEO without input from a board with stronger product experience," Wilson said in a statement.
Earlier this month, the company said CEO McDonald would step down in January, joining a long list of leadership shake-ups across global consumer companies and retailers.
Elliott Management also disclosed a $1 billion stake in the company earlier this month, and Reuters reported citing sources that the activist investor had been working closely for months with former Ralph Lauren executive Jane Nielsen for a potential CEO role.
Wilson had spoken to Nielsen, but believed Lululemon shareholders would not trust any CEO who is picked by the current board, and thus wanted to change the board first, the Wall Street Journal reported earlier in the day.
Lululemon did not immediately respond to a Reuters request for comment.
Wilson is one of the biggest independent shareholders of the company, with a 4.27% stake as of December 2025, according to LSEG data.
The yogawear maker's founder had previously called for an urgent search for a CEO to replace McDonald, led by new, independent directors with a deep knowledge of the company to restore a "product-first" mindset at the company.
Vancouver-based Lululemon had named its finance chief Meghan Frank and chief commercial officer Andre Maestrini as co-interim CEOs, while board chair Marti Morfitt was named executive chair in December.
This is not the first time Wilson has pushed for changes at Lululemon's board.
After founding the apparel company in 1998, Wilson withdrew from daily operations in 2012 and later resigned as chairman in late 2013 following a recall of see-through yoga pants that led to departures of top executives amid a public-relations storm.
He also quit the director post in 2015 after clashing with the board over strategy. However, a proxy fight was averted after Wilson agreed to sell about half of his 27% stake to private equity firm Advent International for $845 million in return for two additional director positions.
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: Why nominating at ET AI Awards 2025 are the real game-changers Lululemon squeezed by tariffs and weaker sales Pak condemns US strike on Iran day after nominating Trump for Nobel Peace Prize A'ja Wilson has 31 and 11 rebounds Tech YouTuber Lamarr Wilson’s cause of death revealed by Los Angeles authorities Led by A'ja Wilson Chiefs hand a shock to Russell Wilson with Justin Fields move Sterling & Wilson Urges SEBI Action Susie Wilson-Rowe Cancer Diagnosis Sends Shockwaves Through Women’s Cricket Purbayan Chatterjee And Steven Wilson Create A Historic ‘Raga Meets Prog Rock’ Moment In Mumbai
rajresults-nic-in, Rajasthan Board RBSE Class 10th Results 2026 Date And Time Live: The Rajasthan Board of Secondary Education (RBSE) is expected to declare the results for the class 10th board examination soon. According to media reports, the results could be released on March 20, 2026
1 days ago
Chhattisgarh tables anti-conversion bill, life term for mass conversionsChhattisgarh govt tables anti-conversion Bill with life term for mass conversion, defines allurement, coercion, and mandates prior declaration Published on: Mar 19, 2026 5:51 PM IST By Ritesh Mishra
1 days ago
Dhurandhar The Revenge actor Danish Iqbal says he didn’t know he was Bade Sahab: ‘Aditya Dhar was so secretive’Danish Iqbal, who plays Bade Sahab in Dhurandhar: The Revenge, revealed that he was initially unaware of his character's identity. Mar 19, 2026
1 days ago
The funding aims to provide direct price support to cotton farmers across the country. New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved minimum support price (MSP) funding of Rs 1,718
1 days ago
Rajasthan Royals skipper Riyan Parag stated Sanju Samson's departure cannot be filled. Parag, now captain, emphasized better planning and finishing close games for the upcoming season. He thanked the franchise for their support. Director of Cricket Kumar Sangakkara backed Parag
1 days ago
Kerala Chief Minister Pinarayi Vijayan has declared assets exceeding one crore rupees. His nomination papers reveal movable and immovable properties. His wife also declared significant assets. Vijayan faces six cases, including one under the Prevention of Corruption Act and an Enforcement
1 days ago
Ukraine’s embassy in Delhi on Thursday expressed concern about the arrest of six Ukrainians in the country under the Unlawful Activities Prevention Act, claiming that the circumstances in the case suggest that it may be “orchestrated and politically motivated”
1 days ago
Manchester United's fans won't have a chance to see JJ Gabriel in Premier League action at Old Trafford this season, so a good proportion of the 2,516 who saw him feature in the 3-2 FA Youth Cup win over Sunderland made sure they got their selfies
1 days ago
For the first time since the league's inception in 2008, Kohli enters the IPL as a one format international player. Batting maestro Virat Kohli has arrived in Bengaluru to join the Royal Challengers Bengaluru (RCB) camp, marking the beginning of a unique chapter in his storied career
1 days ago
The Bharatiya Janata Party in Assam released its list of candidates on Thursday for the upcoming Assembly elections in the state. The party has fielded Chief Minister Himanta Biswa Sarma from the Jalukbari seat, which he has represented since 2001. Nagaon MP Pradyut Bordoloi
1 days ago
With seven medals, including five golds, at the recent Open Masters Games Abu Dhabi, it is hard to believe Kurian Jacob took up swimming seriously at 70. “I might have started swimming before I started walking,” says Kurian who competed in the 75-79 years old category.With seven medals
1 days ago
The liver is a remarkably resilient organ. It absorbs stress quietly, adapts silently, and continues to function, even when damage has already begun. This is precisely why liver diseases are often detected late. Sometimes, liver care doctors come across patients whose blood tests look normal
1 days ago
The Bharatiya Janata Party (BJP) on Thursday released its second list of 39 candidates for the upcoming Kerala Assembly Elections. With this, the party has so far announced the names of a total of 86 candidates. The party has fielded former state BJP president and former Mizoram governor Kummanam
1 days ago
Chaitra Navratri 2026 day 2 wishes: Share these heartfelt wishes, messages, images, and quotes with your loved ones on the second day of Chaitra Navratri. Om Brahmacharinyai Namah! Chaitra Navratri 2026 day 2 wishes: The second day of Chaitra Navratri is dedicated to Maa Brahmacharini
1 days ago
If there’s one thing Indian television never shies away from, it’s going all in—on drama, imagination, and moments that blur the line between the unexpected and the unforgettable. And now, a scene from Naagin 7 has taken that reputation to a whole new level
1 days ago
West Bengal Chief Minister Mamata Banerjee has expressed alarm over the "arbitrary removal of more than 50 senior officials" in the poll-bound state, calling it "political interference of the highest order." She alleged the Election Commission's actions amounted to "systematic politicisation of
1 days ago
The decision to strip Senegal of the 2025 Africa Cup of Nations title is "abject" and "we have to denounce it", a senior figure at African football's governing body has said. Senegal beat Morocco 1-0 in January's final but the Confederation of African Football (Caf) overturned the result on Tuesday
1 days ago
Most factories in Morbi, India's ceramics hub in the western state of Gujarat, have shut down for nearly a month due to gas shortages triggered by the Iran war, according to the local manufacturers' association. Morbi produces about 80% of India's ceramics - mainly tiles and sanitaryware - and
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Best oven toaster grills for Indian homes: Top 7 OTG picks for baking, grilling, toasting and moreOven toaster grills are a versatile kitchen appliance that can be used for baking
1 days ago
Delhi Capitals revealed their new jersey for the upcoming IPL 2026 season. The design reflects the team's tiger spirit. For the first time, both men's and women's team captains are featured together. The franchise also appointed John Mooney as its new fielding coach
1 days ago
AFCON final controversy: CAF chief defends Morocco title decision amid Senegal corruption probe call Published on: Mar 19, 2026 6:10 PM IST Written by Neelav Chakravarti Share via Copy link CAF President Patrice Motsepe stands next to Senegal's Sadio Mane with the Man of the Competition award after
1 days ago
Why Did Share Market Fall Today? Benchmark equity indices Sensex and Nifty fell sharply by over 3 percent on Thursday, snapping a three-day rally, as rising crude oil prices and weak global cues weighed on sentiment. The Sensex dropped 2,496.89 points, or 3.26 percent, to close at 74,207.24
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Ceiling fans for home: Top 7 options that fit different room needsPlanning to upgrade cooling this summer 2026? These ceiling fans for the home offer steady airflow, lower power use
1 days ago
US President Donald Trump has threatened to blow up a major gas field in Iran if it attacks the US's Gulf Arab ally Qatar again. Trump's threat came after a day in which Israel hit Iran's South Pars - part of the world's largest natural gas field
1 days ago
U.S. Democratic lawmakers on Wednesday (March 18, 2026) stormed out of a closed-door briefing on the Jeffrey Epstein files by the U.S. Justice Department leaders, and said they would push to force Attorney General Pam Bondi to answer questions under oath about the case that has plagued the Trump
1 days ago
The Centre has requested all state governments to take all necessary steps to prevent black marketing and hoarding, and to take action under the law wherever violations are found. New Delhi: Amid concerns over LPG shortage, the government on Thursday said that India is diversifying LPG procurement
1 days ago
Prime Minister Narendra Modi has reached out to key partners to ramp up efforts to establish peace in West Asia and ensure unhindered energy supplies to India. With the Iran war escalating, the global energy crisis, India is on a diplomatic blitz to ensure a regular supply to ensure its energy
1 days ago
