Activist investor Elliott reportedly takes $1 billion stake in Lululemon, eyes new CEO

Activist investor Elliott reportedly takes $1 billion stake in Lululemon, eyes new CEOListen(2 min)Listen(2 min)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.About the AuthorCopyright © 2025 MarketWatch, Inc. All rights reserved.