According to people familiar with the matter, the radical investment agency Elliott Investment Management Company has accumulated more than 1 billion US dollars in shares in Lululemon, and is also recommending a potential CEO candidate for this struggling sportswear retailer that is in urgent need of reversing its decline. After this shareholding, Elliott Investment Management became one of Lululemon's largest investors. Currently, Lululemon's market capitalization is around $25 billion. Lululemon is currently in a turbulent period. The company announced last week that CEO Calvin McDonald will step down in January next year. At the same time, the company is facing multiple pressures to reverse a series of decision-making mistakes, from product quality issues to “fading brand attributes.” According to people familiar with the matter, Elliott Investment Management is working closely with senior retail industry executive Jane Nielsen. The latter was Raf Lauren's chief financial officer and chief operating officer and was viewed by Elliott as a potential candidate for the position of CEO of Lululemon.

According to people familiar with the matter, the radical investment agency Elliott Investment Management Company has accumulated more than 1 billion US dollars in shares in Lululemon, and is also recommending a potential CEO candidate for this struggling sportswear retailer that is in urgent need of reversing its decline. After this shareholding, Elliott Investment Management became one of Lululemon's largest investors. Currently, Lululemon's market capitalization is around $25 billion. Lululemon is currently in a turbulent period. The company announced last week that CEO Calvin McDonald will step down in January next year. At the same time, the company is facing multiple pressures to reverse a series of decision-making mistakes, from product quality issues to “fading brand attributes.” According to people familiar with the matter, Elliott Investment Management is working closely with senior retail industry executive Jane Nielsen. The latter was Raf Lauren's chief financial officer and chief operating officer and was viewed by Elliott as a potential candidate for the position of CEO of Lululemon.