Story perspectives

Elliott Management Buys $1B in Lululemon Shares, CEO Shakeup Ahead

12/18/2025

Summary

Story summary

Activist investor Elliott Management has acquired over $1 billion in Lululemon shares.
Elliott is considering Jane Nielsen, a former Ralph Lauren executive, as a CEO candidate.
Lululemon's CEO Calvin McDonald will step down in January.
The share decline has prompted Chip Wilson, founder of Lululemon, to call for an urgent CEO search.
The company faces competition from newer brands and lower-cost rivals, raising concerns about product execution and market share.

1 of 1

Story summary

Activist investor Elliott Management has acquired over $1 billion in Lululemon shares.
Elliott is considering Jane Nielsen, a former Ralph Lauren executive, as a CEO candidate.
Lululemon's CEO Calvin McDonald will step down in January.
The share decline has prompted Chip Wilson, founder of Lululemon, to call for an urgent CEO search.
The company faces competition from newer brands and lower-cost rivals, raising concerns about product execution and market share.