business / news / / Financial Post
Lululemon Athletica Inc. named Heidi O’Neill its new chief executive on Wednesday.
Heidi O’Neill, former Nike president of consumer, product and brand, will become Lululemon CEO September 8.
KEY POINTS
- Elliott Investment Management has built a stake exceeding $1 billion and favored Jane Nielsen as CEO candidate.
- Lululemon reported its slowest sales growth last quarter since going public in 2007.
- Lululemon has lost athleisure market share to upstarts like Alo Yoga and Vuori.
COMPANIES
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