Lululemon’s board moves into open conflict with its billionaire founder, rejecting a proposed “peace plan” and escalating a dispute that could reshape the company’s leadership. Multiple reports say the founder has the power to influence the directors’ future at an upcoming shareholder meeting next month. The board’s refusal of the plan signals that the disagreement is not resolved through the proposed settlement framework, and instead has moved to a direct test of shareholder support. The articles describe the situation as a public standoff between the company’s directors and the founder, with potential consequences for who remains on the board. While the reporting characterizes the conflict as an ongoing “war,” the common theme across sources is the timing: the shareholder meeting is imminent, and the founder’s position gives the dispute immediate corporate governance stakes. Overall, the coverage indicates that the rejected peace plan heightens the likelihood of a vote determining board composition and related outcomes.