Activist investor Elliott builds over $1 billion stake in Lululemon, puts forth CEO candidate

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Elliott Management, an activist investor, has acquired a stake of over $1 billion in Lululemon and is proposing a new CEO candidate, potentially signaling a significant shift in the company's leadership and direction.

Market Impact

Market impact analysis based on bearish sentiment with 72% confidence.

Sentiment
Bearish
AI Confidence
72%

Article Context

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The activist investor is bringing a CEO candidate to the struggling retailer after it announced last week Calvin McDonald would step down in January.

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Original article published by CNBC on December 18, 2025.
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