US EditionElliott Takes over $1 Billion Stake in Lululemon, Source Says
Elliott Investment Management aims to boost Lululemon's value by proposing Jane Nielsen as CEO amid product and sales challenges; international sales rose 33%, reports show.
- Dec 18, 2025: Elliott Investment Management has acquired an over $1 billion stake in Lululemon Athletica and is positioning Jane Nielsen as a potential CEO candidate after months of collaboration.
- After Calvin McDonald’s January resignation, Lululemon left no named successor while losing market share to Alo Yoga and private-label competitors amid product and design criticisms; its share price dropped about 60% from its peak two years ago.
- Financials are mixed as Lululemon beat Q3 expectations and raised its outlook despite sluggish North American sales; Elliott is known for pushing cost cuts and board changes, while Benzinga's Edge Rankings show mixed metrics.
- With Elliott now a top investor, its sizable stake in the about $25 billion company raises the prospect of an expensive board dispute as Chip Wilson urges an urgent CEO search.
- Elliott’s activity this year signals potential for broad strategic pressure, with over $1 billion in stakes and working with Jane Nielsen as a possible CEO candidate, according to Reuters.
21 Articles
21 Articles
Lululemon shares up after Elliott Management builds US$1B stake, seeks CEO change
TORONTO — Activist investor Elliott Management has built a stake of more than US$1 billion in Lululemon Athletica Inc. and is pushing for the struggling retailer to name former Ralph Lauren executive Jane Nielsen as its next chief executive. A source familiar with the situation confirmed media reports that Elliott has been working with Nielsen, […]
Why Lululemon Stock Popped Today
Key PointsLululemon stock beat earnings last week.Activist investor Elliott Management has bought $1 billion in Lululemon stock, and supports a turnaround in the business.Investment bank Jefferies is modestly optimistic about the stock.10 stocks we like better than Lululemon Athletica Inc. › Lululemon Athletica (NASDAQ: LULU) stock jumped 6.4% through 10:20 a.m. ET Thursday. You can thank Jefferies in part, as the investment banker raised its pr…
Elliott Builds $1 Billion-Plus Stake in Lululemon, WSJ Reports
Activist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon Athletica Inc., according to a person familiar with the matter, as the struggling retailer faces a strategic overhaul amid its chief executive officer’s exit.
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