A $6BN Divorce With No Prenup + Kendall Jenner's Investing Playbook
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What is the main topic discussed in this episode?
Coming up in today's episode, we're talking about Lululemon. The update is the person who founded this business is going through a divorce with his wife, who was also the first and head designer. She only owns 1%, he owns 9%. Shocker, they didn't sign a prenup. So we're going to talk about the drama and what's going on there. And Kendall Jenner has just invested in my favorite non-alcoholic drink. What does this mean for the entire health and wellness industry? And why are we seeing so many celebrities buy into private companies? This is The Curve Weekly, where we read the finance news so that you don't have to. I'm Sophie Hall-Wright, ex-TV and radio producer, who is sick and tired of not understanding money, investing, the economy.
So we started this podcast. And today, Vic Karras is back in the hot seat. She's going to tell us everything that we need to know about today's finance news. But first, we've got a quick word from today's sponsor. If KiwiSaver has been on your, I should probably sort that out list, for years, this is your sign. Book a no-cost KiwiSaver advice session with a Generate advisor by using the link in our show notes.
What is the story behind Lululemon’s founder’s $6 bn divorce and the lack of a prenup?
And thank you so much to Generate for sponsoring this episode of the Curve Weekly.
So, Soph's got a new dress on. Oh God, this
is a disaster. If you can't see, you should... No, don't watch. Okay, this is so bad. So I got a new dress that I wore to dinner last night with no bra, thinking it was completely fine. Basically, for anyone that's not looking, it's like a see-through dress, but there's flowers... over all the important areas on the model so when i looked at the photo i thought perfect it's covering i love that there's something see-through where they've thought about the fact that it always ruins what it looks like when you have to wear a bra and underwear under it yeah so i bought it thinking stunning and i just came in and everyone's like i can see your nipples so so
she's gonna sit cross i'm gonna sit cross down
the entire
record sorry cross-legged
Yeah, it's so awkward. I'm just going to sit here the entire recording looking really upset like I want
to
leave. She's not, though.
I'm not. She's just trying to cover her
private
parts. I just
really would love to save you all from my nipples. So apologies.
Maybe you should have worn some active wear just for this next segment. Might have been a better idea. I mean,
like, I would have worn anything. Except
the
stress, if I'm being honest. I would have. I would definitely. I mean, I also side note. I'm seeing lots of people wear like Lululemon shorts or just hot pants as pants at the moment. Are you seeing that? No. Oh, okay. Maybe it's not cool. I was wanting to ask you. Is this like a cool trend that I need to- I love that you want to ask me. Yeah, I know. Because you're always ahead of the curve. Oh,
see what I did there. Well, there is a big divorce going on with the Lululemon founder, Chip Wilson. We've spoken about him before. Yeah, we have. There was a bit of an uproar on the board. He wanted to bring in a different CEO that's coming in and the board didn't. And there was a bit of a revolt going on. But he's now in the news again because he's divorcing his wife. And they've been together for over 20 years. So I would like to ask, the way you worded that, he is divorcing his wife. Sorry. They are separating. Right. They are divorcing. You stand corrected. Because I
was more... The way you said it made me think, it sounded like he wants to get a divorce and she wants nothing to do with it. And I'm sorry. That
is how it has been portrayed in the media. And I have... just parroted that. So you're right. We have no idea who's divorcing who, but they are divorcing. And the key issue here is, drumroll. Oh God, not a
bloody, someone didn't have a prenup. Yes. There is no prenup. There is no prenuptial agreement. No way. Okay, wait. So for context, he is 71. Yep. She's 52. Yep. They got married in 2002. Yes.
Okay.
What I will say, 2002, were people talking about prenups? I don't know. No.
Also, Lululemon had only just started. It was four years old.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:01–1:04
2
What is the story behind Lululemon’s founder’s $6 bn divorce and the lack of a prenup?
1:04–7:10
3
How might the $6 bn fortune be split under Canadian law without a prenup?
7:10–20:59
4
Why is Lululemon’s stock hitting an eight‑year low and what does the new CEO mean for the brand?
20:59–22:09
5
How is the new CEO (Heidi from Nike) expected to turn Lululemon around?
22:09–32:31
Speakers
2 identifiedMore from The Curve
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