The Financial Post reports in its Saturday, Aug. 30, edition that Lululemon founder Chip Wilson sold $159.7-million (U.S.) worth of stock in Amer Sports, his latest move to monetize his equity holdings. A Bloomberg dispatch to the Post reports that Mr. Wilson sold a little more than four million shares in the maker of baseball bats and tennis rackets, equivalent to about 0.7 per cent of Amer, on Monday, according to a regulatory filing. It did not say how he plans to use the money. The transaction came just weeks after Mr. 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 $500-million (U.S.) from different banks. There is no indication that he has pledged any of his shares in Amer. Mr. Wilson was part of a consortium led by China's largest athletic-apparel producer Anta Sports Products that acquired Amer, in 2019, aiming to bring high-end athletic equipment to China's increasingly wealthy middle class. Amer, based in Helsinki, went public on the New York Stock Exchange last year, with shares tripling since. Mr. Wilson's 18-per-cent interest in the company constitutes about half of his $8-billion (U.S.) fortune.