Agenda-setting intelligence, analysis and advice for the global fashion community.
The yoga-pant maker plunged 16 percent after the company cut its full-year earnings forecast last week. That decline added to the $5.5 billion already wiped out in the last year amid a product recall and management shakeup, leaving Lululemon trading near its lowest earnings multiple since 2009. While the $5.6 billion retailer may not want to sell at this level, the drop could encourage an opportunistic buyer to make an approach, said Scott Rostan of Training The Street.
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