Chip Wilson was part of a consortium led by China’s largest athletic-apparel producer Anta Sports Products Ltd. that acquired Amer, in 2019. Photo by Francis Georgian / PNG staff photographer

Lululemon Athletica Inc. founder Chip Wilson sold US$159.7 million worth of stock in Amer Sports Inc., his latest move to monetize his equity holdings.

Wilson sold just over 4 million shares in the maker of baseball bats and tennis rackets, equivalent to about 0.7 per cent of Amer, on Aug. 25, according to a regulatory filing. It didn’t say how he plans to use the money.

The transaction came just weeks after Wilson pledged Lululemon shares in return for cash for the third time in just over a year, freeing him to spend on other matters. He has access to more than US$500 million from different ban

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