Lululemon Athletica Inc. founder Chip Wilson and his wife and longtime business partner, Shannon “Summer” Wilson, are reportedly divorcing after more than two decades of marriage.

A family legal proceeding between the couple was filed in the Supreme Court of British Columbia in April, though the contents of the case are not publicly accessible, Bloomberg reported.

Bloomberg, citing a person familiar with the matter, also reported that there is no prenuptial agreement between the couple, though it remains unclear how the divorce could affect the division of their assets.

LAUREN SÁNCHEZ PLAYS MAJOR ROLE IN DEPLOYING BEZOS’ FULL $10 BILLION CLIMATE FUND BY END OF DECADE: REPORT

Chip Wilson, founder of Lululemon Athletica, and his wife, Shannon “Summer” Wilson, attend a news conference in Vancouver, British Columbia, on Sept. 15, 2022. (Taehoon Kim/Bloomberg via Getty Images)

Lululemon and Chip Wilson could not immediately be reached by FOX Business for comment.

Chip Wilson, 71, founded Vancouver-based Lululemon in 1998, according to Bloomberg.

He is widely credited with helping pioneer the athleisure apparel market.

According to the Bloomberg Billionaires Index, Chip Wilson has an estimated net worth of roughly $6.1 billion.

Summer Wilson, 52, served as the company’s founding lead designer, according to her website. Chip Wilson has previously credited her with playing a key role in building the brand during its early years, Bloomberg reported.

LULULEMON HALTS ONLINE SALES OF NEW LEGGINGS AFTER ‘SEE-THROUGH’ CLAIMS

Chip Wilson is widely credited with helping pioneer the athleisure apparel market. (Taehoon Kim/Bloomberg via Getty Images)

The couple married in 2002.

Though both left the company more than a decade ago, Chip Wilson remains one of Lululemon’s largest shareholders and has continued to publicly weigh in on the retailer’s direction, Bloomberg reported.

He owns roughly 8.6% of the company, a stake worth just under $1 billion, while Summer Wilson owns nearly 1%, valued at about $100 million, according to Bloomberg.

Under British Columbia law, assets owned before a marriage generally remain excluded from division, while any increase in their value during the marriage is generally considered family property and is typically divided equally.

“In British Columbia, the value of assets brought into the marriage is not shareable, but the gain is called family property and presumptively divided 50-50,” Lorne MacLean KC, founder of Vancouver-based MacLean Law, told The New York Post.

BILLIONAIRES AND BUSINESSES FUEL GROWING EXODUS FROM BLUE STATES

Chip Wilson remains one of Lululemon’s largest shareholders and has continued to publicly weigh in on the retailer’s direction.  (Isabella Falsetti/Bloomberg via Getty Images)

The Wilsons’ reported split joins a number of high-profile billionaire divorces in recent years.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Amazon founder Jeff Bezos and MacKenzie Scott finalized their divorce in 2019. Scott received a roughly 4% stake in Amazon, then valued at about $36 billion, BBC News reported at the time.

In 2021, Microsoft co-founder Bill Gates and Melinda French Gates divorced after 27 years. Following the announcement, Bill Gates transferred billions of dollars in stock to Melinda French Gates, according to Vanity Fair.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PINS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Foreign investors register companies in Thailand via structuring, name reservation, incorporation, and licensing, depending on activities and ownership limits, with options like BOI promotion or US-Thailand Treaty benefits.

Company Formation Process in Thailand

Foreign investors typically establish a company in Thailand by following steps such as company structuring, reserving a company name, registering with the Department of Business Development (DBD), and completing necessary tax, licensing, and employment registrations. The specific pathway depends on the company’s activities and the extent of foreign ownership, which influences licensing and regulatory requirements.

Foreign Ownership and Activity Restrictions

A Thai-incorporated company is generally considered foreign under the Foreign Business Act (FBA) if foreigners own at least 50% of its capital. Certain business activities are restricted for foreign investors, making the company’s intended operations vital for determining permissible ownership levels and licensing options.

Licensing and Special Routes for Foreign Investors

For restricted activities, a foreign-owned company may need a Foreign Business License (FBL). Alternatively, companies with BOI promotion can obtain a Foreign Business Certificate, while US investors might qualify under the US-Thailand Treaty of Amity, subject to specific criteria. Establishing directors, signing authorities, and reserving a compliant company name are essential steps before incorporation.

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

• Unlimited access to WA’s most trusted business journalism
• Data & Insights — detailed profiles of WA companies, people, projects and deals
• MyBN — a personalised feed based on the companies, people and sectors you follow
• Special publications and industry reports
• Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

• Look up detailed profiles of WA companies, including financials, directors and ownership
• Find decision-makers and track their career movements
• Research live and completed projects across WA industries
• Monitor deals, appointments and market activity
• Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

• Executives and directors tracking competitors, clients and market movements
• Investors and advisers researching companies, deals and industry trends
• Consultants and professionals staying across sectors relevant to their clients
• Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

We’re happy to help.
Get in touch
and our team will come back to you.

TELLURIDE, Colo. — A years-in-the-making documentary about disgraced Theranos founder Elizabeth Holmes, secretly filmed by comedian Nathan Fielder just weeks before she reported to federal prison, made its world premiere Sunday night at the Telluride Film Festival, revealed as the event’s long-rumored mystery screening.

The film, titled “You Can See Everything,” is co-directed by Fielder, best known for the comedic series “Nathan for You” and “The Rehearsal,” and Lance Oppenheim, the documentary filmmaker behind “Some Kind of Heaven” and the recent Robert Pattinson-starring film “Primetime.” The A24-backed project is set for release in theaters in October.

According to the film’s official logline, “thirty-four days before she’s sent to prison, notorious Silicon Valley founder Elizabeth Holmes invites a skeptical film crew to document her every move. What begins as an intimate portrait of an enigmatic felon becomes a mind-bending three-year journey into the abyss.”

Deadline reported that just 36 days before reporting to Federal Prison Camp in Bryan, Texas, Holmes, who had not given an interview in nearly a decade at that point, invited Fielder and his crew into the San Diego home she shared with her partner and the father of her two children, Billy Evans, under the understanding that “you can see everything.” The resulting hybrid documentary runs nearly three hours.

A24 shared a teaser trailer for the film Sunday night, featuring Holmes speaking to Fielder from her couch as she pushes back on suggestions she is being dishonest.

“I’m not that person, I can promise you that. I don’t have anything to deceive you on, of course I’m not deceiving you,” Holmes says in the clip. “I’m engaging with you as a human being. Why would I deceive you? There’s no reason for me to do that.”

Fielder presses her further in the exchange.

“Okay. Alright. Okay, good chat … You’re being real right now?” Fielder asks.

“I’m always being real,” Holmes replies, before the camera pulls back to reveal her infant daughter in a bouncer nearby.

Holmes and Evans welcomed their second child together, a daughter named Invicta, Latin for “invincible,” following the birth of their first child, son William Holmes Evans, in July 2021.

Sunday’s screening was staged with unusual secrecy. Festival organizers took away cell phones from every attendee at the Herzog Theatre before revealing the surprise film to a packed house, following days of speculation over what the mystery screening might turn out to be.

Speaking during a question-and-answer session following the premiere, Fielder described his own continued uncertainty about what he had captured over the course of the project, despite following Holmes and Evans for three years.

“What I am really excited about is for you to see the movie and tell me what I experienced,” Fielder said. “I don’t know why they wanted me there. Why am I there?”

Fielder elaborated further on that sense of confusion in comments reported by Rolling Stone, describing repeated conversations with Oppenheim and the rest of the crew as they tried and failed to reach consensus on what they were witnessing inside Holmes and Evans’ home.

“Lance and I would talk with the rest of the crew about what we thought happened or what we thought these moments meant, and no one could reach a consensus,” Fielder said. “And that’s when we really realized, ‘Oh, this is really interesting to follow this. We’re all smart and we’re really working at the top of our intelligence — why can’t we make sense of what’s happening in this house?’”

Fielder said that uncertainty has persisted even after the project’s completion.

“I really am struggling to this day to understand exactly what I experienced,” Fielder said. “And one of the things I’m genuinely excited about is for this movie to come out and for people to help me understand what I experienced. Truly, to this day, I don’t quite know what I went through.”

Variety’s review of the film, published following the Telluride premiere, described the documentary as a fascinating and shameless look at Holmes’ continued self-presentation, noting scenes in which Evans takes an active role in managing his partner’s public image, including allowing the iconic photograph of Holmes making an “OK” hand gesture to be used on billboards and striking a profit-sharing arrangement with A24 executives, a negotiation that reportedly appears within the film itself. According to the review, Holmes maintains throughout the documentary that she never cared about money, even as questions of the value tied to her name and image remain central to the story the film ultimately tells.

Holmes’ rise and fall as the founder of Theranos, the blood-testing startup that promised to revolutionize diagnostic health care before being exposed as fraudulent, has already been chronicled in Hulu’s 2022 miniseries “The Dropout,” starring Amanda Seyfried. Holmes has previously told People she found that dramatization “difficult” to watch.

Holmes began serving her prison sentence on May 30, 2023, following her conviction on multiple counts of fraud tied to Theranos’ collapse. She is now more than three years into an 11.25-year sentence, reduced to nine years for good behavior, and remains incarcerated at Federal Prison Camp Bryan in Texas, with an expected release date of Dec. 30, 2031.

In her most recent interview with People, conducted in February 2025, Holmes continued to maintain her innocence, describing the experience of being separated from her young children as something that “shatters her world.”

“It’s surreal. People who have never met me believe so strongly about me. They don’t understand who I am,” Holmes said at the time. “It forces you to spend a lot of time questioning belief and hoping the truth will prevail. I am walking by faith and, ultimately, the truth. But it’s been hell and torture to be here.”

With “You Can See Everything” set to expand into wider theatrical release in October, the film is expected to reignite public fascination with Holmes’ story, offering audiences an unusually intimate, if deliberately ambiguous, look at the weeks immediately preceding her imprisonment, filtered through the lens of two filmmakers who, by their own account, remain uncertain what to make of what they witnessed even years after the cameras stopped rolling.

This article was written by

Follow

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.