News Brief: Elliott Builds $1B+ Stake in Lululemon, Proposes CEO Candidate
Summary
Activist investor Elliott Investment Management has acquired a stake worth over $1 billion in Lululemon Athletica. Following the announced departure of CEO Calvin McDonald, Elliott is putting forward a potential CEO candidate, former Ralph Lauren executive Jane Nielsen, as the athleisure retailer faces increased competition and performance challenges.
Key Points
- Major Stake: Elliott Investment Management holds a stake exceeding $1 billion in Lululemon.
- Leadership Shakeup: This move comes after Lululemon announced CEO Calvin McDonald will step down on January 31.
- CEO Candidate: Elliott is proposing Jane Nielsen, former CFO/COO of Ralph Lauren, as a potential new CEO candidate.
- Market Context: Lululemon’s stock rose 6% on the news, amid a year-long performance slump and growing competition from brands like Vuori and Alo Yoga.
- Activist Pressure: Founder Chip Wilson has publicly criticized the company’s direction, calling its performance a “nosedive.”
- Elliott’s Activity: The firm has made several other major investments this year, including in Workday and PepsiCo.
新闻简报：Elliott斥资超10亿美元入股Lululemon，提名CEO候选人
摘要
激进投资机构Elliott Investment Management已收购运动休闲品牌Lululemon价值超过10亿美元的股份。在Lululemon宣布首席执行官Calvin McDonald即将离职后，Elliott提名了前拉夫·劳伦高管Jane Nielsen作为潜在的CEO候选人。此举正值Lululemon面临日益激烈的竞争和业绩挑战之际。
关键要点
- 重大持股： Elliott Investment Management已持有Lululemon超过10亿美元的股份。
- 领导层变动： 此前Lululemon宣布其首席执行官Calvin McDonald将于1月31日离职。
- CEO候选人： Elliott提名拉夫·劳伦前首席财务官兼首席运营官Jane Nielsen作为潜在的新CEO人选。
- 市场背景： 受此消息影响，Lululemon股价上涨6%。该公司正面临长达一年的业绩低迷以及来自Vuori、Alo Yoga等品牌的激烈竞争。
- 激进投资者压力： 公司创始人Chip Wilson公开批评公司发展方向，称其业绩正在“急剧下滑”。
- Elliott近期活动： 该机构今年已进行多项重大投资，包括入股Workday和百事公司。
Original Article Link: https://www.cnbc.com/2025/12/18/activist-investor-elliott-lululemon-stake-ceo-candidate.html