Lululemon Founder Sells $160 Million of Stock in Amer Sports

Lululemon Athletica Inc. founder Chip Wilson sold $159.7 million worth of stock in Amer Sports Inc., his latest move to monetize his equity holdings.

Wilson sold just over 4 million shares in the maker of baseball bats and tennis rackets, equivalent to about 0.7% of Amer, on Aug. 25, according to a regulatory filing. It didn’t say how he plans to use the money.

Chip Wilson

Photographer: Taehoon Kim/Bloomberg

The transaction came just weeks after Wilson pledged Lululemon shares in return for cash for the third time in just over a year, freeing him to spend on other matters. He has access ...