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Stock impact report

Lululemon founder launches proxy fight for board changes, WSJ reports [BNN Bloomberg (Canada)]

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: BNN Bloomberg
The athleisure pioneer, known for its premium yoga apparel, has struggled over the last couple of years to attract younger and affluent shoppers as many shift to fast-growing newer rivals like Alo Yoga and Vuori. The company said earlier this month CEO McDonald would step down in January. Its shares are down nearly 45 per cent so far this year. Wilson has nominated three director candidates to Lululemon's board, including former On Running co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg, the report added, citing the people. Lululemon did not immediately respond to a Reuters request for comment, while Wilson could not immediately be reached. Wilson is not trying to put himself back on the board, the report said. Wilson is one of the largest independent shareholders in the company owing about 4.79 million shares, or about 4.27 per cent stake, as of December 2025, according to LSEG data. The yogawear maker's founde Show less Read more
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