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-0.000184680733182474 -0.00281638118103322 -0.00530957107899721 -0.00327808301398947 -0.00415531649660652 -0.00683318712775285 -0.00683318712775285 -0.00683318712775285
Stock impact report

A Big Activist Investor Is Eyeing Lululemon's Turnaround. Its First Move: Suggesting a CEO [Yahoo! Finance]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Yahoo! Finance
The retailer hasn't commented on the idea, but investors appear to have embraced the suggestion. Lululemon needs a new CEO. One investor's preferred candidate might not be a a stretch. Less than a week has passed since Lululemon announced it was seeking a CEO , and one of its biggest stakeholders is already floating a candidate who—based on the market's reaction—seems to appeal to fellow investors: Jane Nielsen, who contributed to turnarounds at Ralph Lauren ( RL ) and Coach, now part of Tapestry ( TPR Activist investor Elliott Investment Management has put forward Nielsen, the notion which was first reported by The Wall Street Journal . Elliott has acquired a more than $1 billion stake in the retailer, according to a person familiar with the matter, giving it sway in a company with a market value of about $25 billion. Elliott Investment Management has a record of influencing companies, including working with PepsiCo to reduce some prices and shifting the board at Southwest A Show less Read more
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