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Lululemon opens way for founder Chip Wilson to sell stake New York
New York — Chip Wilson, the controversial founder of Lululemon Athletic Inc., may well be on the verge of selling his stake in the company, according to numerous reports. Lululemon, based in Vancouver, British Columbia, filed a 20.1 million share offering with the U.S. Securities and Exchange Commission, allowing Wilson and his wife to exit their roughly 14% stake. The couple's stake in the company was worth about $1.34 billion, Reuters reported. -
New Zealand approves Staples-Office Depot merger
Framingham, Mass. – The proposed $6.3 billion merger of Staples Inc. and Office Depot Inc. has cleared a global regulatory hurdle. Staples has received clearance from the Commerce Commission of New Zealand to acquire all the outstanding shares of Office Depot, which trades in New Zealand as OfficeMax.

