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Activist Investor Takes Over $1 Billion Stake in Lululemon

Elliott Management has acquired a stake of over $1 billion in the activewear brand and is lining up a potential CEO candidate to take over after Calvin McDonald’s departure.
Lululemon has struggled to grow sales as competition in the athleisure category intensifies.
The company, valued at $25 billion, now likely faces an expensive and drawn-out board dispute over the position of CEO. (Getty Images)

Activist investor Elliott Management has amassed a stake of more than $1 billion in

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