Elliott Management Acquires Over $1 Billion Stake in Lululemon and Proposes CEO Candidate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: CNBC
Elliott Investment Management's Stake: Elliott Investment Management has acquired a stake of over $1 billion in Lululemon Athletica and is proposing former Ralph Lauren CFO Jane Nielsen as a potential CEO candidate.
Leadership Change: Lululemon's CEO Calvin McDonald will step down on January 31 following a year of poor performance, prompting the board to seek a new leader with the help of an executive search firm.
Market Challenges: The company is facing increased competition in the athleisure market from brands like Vuori and Alo Yoga, which has raised concerns about its performance.
Elliott's Broader Investments: In addition to Lululemon, Elliott has also invested in other companies this year, including significant stakes in Workday and PepsiCo.
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Analyst Views on WDAY
Wall Street analysts forecast WDAY stock price to rise
31 Analyst Rating
22 Buy
9 Hold
0 Sell
Moderate Buy
Current: 137.990
Low
235.00
Averages
275.19
High
325.00
Current: 137.990
Low
235.00
Averages
275.19
High
325.00
About WDAY
Workday, Inc. is an enterprise artificial intelligence (AI) platform for managing people, money, and agents. The Company provides organizations with cloud solutions powered by artificial intelligence (AI) to solve business challenges, including supporting and empowering the workforce, managing finances and spending. It offers a suite of cloud-based enterprise solutions that address the needs of the C-suite on a platform designed to be open, extensible, and configurable, allowing integration with other applications and the ability for customers and partners to build custom applications. It offers Workday Build, which is an open developer platform that provides customers and partners with the ability to create and share AI-powered solutions. It serves financial services, government, healthcare, higher education, hospitality, manufacturing, professional and business services, retail, technology and media, and transportation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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