Lululemon Athletica Stock (LULU) Surges Into the Spotlight After Elliott’s $1B Stake: News, Forecasts, and What Comes Next
Elliott Management has taken a stake exceeding $1 billion in lululemon, Reuters reported Thursday, and is working with retail executive Jane Nielsen as a potential CEO candidate. Lululemon shares jumped in late trading, recently near $207.87. The move comes as CEO Calvin McDonald prepares to step down January 31, 2026, with interim co-CEOs named. The activist push raises the prospect of a board dispute over leadership and strategy.