Elliott Investment Management Takes Stake in Lululemon
Update: 2025-12-18
Description
Elliott Investment Management, a prominent activist investor, has acquired a significant stake in Lululemon, following the announcement of CEO Calvin McDonalds departure. The investment, valued at over one billion dollars, comes as Lululemon faces declining performance and increased competition in the athletic wear market. Elliott is reportedly proposing its own candidate for the CEO position, potentially marking a major shift for the company.
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