Seeking Alpha·2025-12-18 11:28Company Overview - Elliott Investment Management has acquired a stake exceeding $1 billion in lululemon Athletica (LULU), making it one of the company's largest shareholders [3][4]. - lululemon's current market value is approximately $25 billion [5]. Leadership Changes - Elliott is advocating for leadership changes at lululemon, including proposing Jane Nielsen, a former CFO and COO at Ralph Lauren, as a potential new CEO [4]. - The current CEO is set to exit in January 2026, following criticism regarding product execution and market share losses to competitors like Alo Yoga, alongside a 60% decline in share price from its peak [4]. Market Reaction - Following the news of Elliott's investment, lululemon's shares rose by 4% in premarket trading [5].