Elliott Management amasses $1B stake in Lululemon
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Lululemon is not waiting for a new CEO to enter new international markets. The company's international segment is booming, even as U.S. sales struggle. An activist investor has reportedly acquired a significant stake,
Discover why Lululemon stock is rated a strong buy with 21% upside. Explore growth drivers, share buybacks, and international expansion.
Elliott Management's $1 billion bet on Lululemon and a potential CEO candidate have sparked hopes for a quicker turnaround at the athleisure wear maker that is looking to revive its "cool factor" and draw shoppers back.
Lululemon plans a record six international market entries in 2026, expanding into Europe and India through franchise partnerships as part of its long-term global growth strategy.
Dec 17 (Reuters) - Activist investor Elliott Management has built a stake of over $1 billion in Lululemon Athletica and is bringing a potential CEO candidate to the struggling athletic apparel retailer it wants to help turn around, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Lululemon Athletica shares rose nearly eight per cent in premarket trading on Thursday after reports Elliott Management has built a US$1 billion stake in the athleisure wear maker
Stocks posted strong gains Thursday after U.S. inflation data showed price growth was much weaker than economists’ expectations in November.These stocks were moving:Micron Technology surged 12%. The memory-chip maker crushed Wall Street’s first-quarter earnings targets,
LULU's "Power of Three x2" strategy aims to double men's, digital and international revenues by FY26, but U.S. softness and margin pressure test execution.