# Lululemon's stock price has tumbled 38% in the last 12 months.

*business · news · 2026-04-22 · Reuters*

## Key points

- Lululemon's stock has dropped 38% in 12 months, now valued at $18.8 billion.
- Activist investor Elliott Investment Management has built a $1 billion stake, pushing for board changes.
- Founder Chip Wilson, owning 4.3%, is actively seeking to install three director candidates this year.
- Chip Bergh, ex-CEO of Levi Strauss, recently joined Lululemon's 10-person board amidst leadership turmoil.
- Served by interim co-CEOs, Lululemon is awaiting new permanent CEO O'Neill, formerly with Nike.

**Companies:** Lululemon, Elliott Investment Management, Nike, Ralph Lauren, Levi Strauss & Co
**Countries:** Canada, United States, India

[Read the full story on Reuters](https://www.reuters.com/sustainability/sustainable-finance-reporting/lululemon-says-it-picks-former-nike-executive-next-ceo-2026-04-22/)

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