Lululemon founder sells off high amount of shares in Amphenol Sports and cashes out nearly $160 million.

Intelligent Finance APP learned that Lululemon Athletica (LULU.US) founder Chip Wilson realized $159.7 million by selling shares of AS Americas Inc. (AS.US), which is his latest move in cashing out his equity. Regulatory filings show that Wilson reduced his holdings in the Finnish sports equipment manufacturer by approximately 4 million shares on August 25, accounting for 0.7% of the company's total share capital, but did not disclose the purpose of the funds.