business / news / / Reuters
Lululemon's stock price has tumbled 38% in the last 12 months.
Lululemon's stock has dropped 38% in 12 months, now valued at $18.8 billion.
KEY POINTS
- 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
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