Lululemon
Elliott Management Takes $1 Billion Stake in Lululemon Amid CEO Departure Crisis
The athleisure market was sent into a frenzy this week as Elliott Investment Management disclosed a massive $1 billion activist stake in Lululemon Athletica Inc. (NASDAQ: LULU). The move comes at a moment of extreme vulnerability for the Vancouver-based apparel giant, which is currently reeling from a 45% share price