Yesterday Lululemon founder Chip Wilson stepped down as Chief Innovation and Branding Officer and handed over the reins of the $5.5 Billion business to CEO Christine Day. Wilson will remain the Chairman of the Board.
But Wilson is in the news for another reason as well and it’s local. One year after the Kitsilano-born company purchased the 130,000 square foot building at 1818 Cornwall Avenue and made it their Global Store Support Centre, Wilson’s personal residence is in the headlines.
If you head west from Lululemon’s offices along Cornwall Avenue you’ll eventually find yourself on Point Grey Road. Continue along until your find 3085 Point Grey Road (pictured under construction) and you’ll be in front of the most expensive home in Vancouver. According to BC Assessment rolls, the mansion was assessed at $37.2 million and is registered to a numbered company with Chip Wilson listed as the sole director.
Even as a billionaire, Wilson can’t shake his Kitsilano roots.
Photo: Nick Procaylo, PNG
Last modified: January 8, 2012