Elliott Management builds $1B stake in Lululemon, eyes CEO shake-up: report

Core Viewpoint - Activist hedge fund Elliott Management has acquired a stake exceeding $1 billion in Lululemon Athletica, making it one of the largest shareholders of the athletic apparel company as it advocates for strategic changes [1] Group 1 - Elliott Management's investment positions it as a significant player in Lululemon's shareholder base, indicating potential influence over company decisions [1] - The hedge fund's involvement suggests a push for operational or strategic improvements within Lululemon, reflecting a trend of activist investors seeking to enhance shareholder value [1]