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: 124.120
Low
235.00
Averages
275.19
High
325.00
Current: 124.120
Low
235.00
Averages
275.19
High
325.00
About WDAY
Workday, Inc. is a provider of an artificial intelligence (AI) platform to help organizations manage their people, money, and agents. The Company provides over 11,000 organizations with cloud solutions powered by AI to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. It offers Financial Management, Spend Management, Human Capital Management (HCM), Planning, and Analytics applications. The Company sells its solutions worldwide primarily through direct sales. It also offers professional services, both directly and through its Workday Services Partners, to help customers deploy its solutions. It offers businesses flexible solutions to help them adapt to their industry-specific needs and respond to change. It serves various industries, including professional and business services, financial services, healthcare, education, government, and others.
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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