Elliott Acquires Billion-Dollar Stake in Lululemon

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Elliott Acquires Billion-Dollar Stake in Lululemon

dealbreaker

6 months ago

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Elliott Management has amassed a stake of more than $1 billion in Lululemon Athletica. The hedge fund is now reportedly lining up Jane Nielsen, former chief financial officer and chief operations officer at Ralph Lauren, as a potential CEO candidate. Elliott is now one of Lululemon's biggest investors.Elliott takes over $1 billion stake in Lululemon, source says [Reuters] For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partners...

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