Published: Dec. 17, 2025 at 9:03 p.m. ET
Activist investor Elliott Management has taken a sizeable stake in Lululemon Athletica and has a potential CEO candidate in hopes of turning around the company’s fortunes, according to a new report.
The Wall Street Journal reported Wednesday night, citing sources familiar with the matter, that Elliott has accumulated a stake worth more than $1 billion, which would make it among the company’s largest shareholders. Lululemon has a market cap of around $25.3 billion.
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