Elliott Investment in Lululemon: New CEO in the Works?
Update: 2025-12-18
Description
Elliott Investment Management, led by activist investor, has acquired a significant stake in Lululemon Athletica, valued over one billion dollars. This move coincides with Lululemons strategic overhaul, as CEO Calvin McDonald prepares to step down. Elliott, collaborating with retail executive Jane Nielsen, is reportedly considering her as a potential successor. Lululemons shares have surged since the announcement, but the company faces slowing growth and intense competition. This situation presents a critical juncture for Lululemon, with a major investor involved and a leadership change imminent.
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