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Dec 18, 2025 4:30 AM

Elliott Management Takes $1 Billion Stake In Lululemon, Proposes Former Ralph Lauren Executive As New CEO: Report

Activist investor Elliott Investment Management has reportedly acquired an over $1 billion stake in Lululemon Athletica (NASDAQ:LULU) and is proposing a new CEO to help the athletic apparel retailer recover from its recent struggles.

Lululemon Faces Leadership Shakeup

Elliott is collaborating with seasoned retail executive Jane Nielsen, a former CFO and COO at Ralph Lauren (NYSE:RL), who is being considered as a potential CEO for Lululemon, The Wall Street Journal reported on Wednesday.

Lululemon and Elliott did not immediately respond to Benzinga‘s requests for comment.

Elliott would now be one of the largest investors in the company, which has a market value of about $25 billion.

Neilson, also a former finance chief at handbag-maker Coach, joined Ralph Lauren in 2016 and departed in March. She contributed to enhancing the fashion label’s e-commerce and direct-to-consumer performance.

Lululemon recently announced the resignation of CEO Calvin ...