Wall Street Breakfast Activist Elliott loads up on lululemon
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Dec 18, 2025 An activist investor makes waves with a staggering $1 billion investment in Lululemon, pushing for leadership changes. Meanwhile, Micron predicts a booming $100 billion market for high-bandwidth memory by 2028 as supply tightness continues. In another twist, talks intensify around the potential sale of Warner Bros. TV assets, possibly impacting CNN. Other hot topics include a significant arms deal with Taiwan and Instacart facing an FTC probe. Stay tuned for insights on these dynamic market movements!
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Elliott's Large Lululemon Stake
- Elliott has taken a stake exceeding $1 billion and is now one of Lululemon's largest shareholders.
- The activist is pushing for leadership changes including lining up potential CEO candidates like Jane Nielsen.
Potential CEO Push At Lululemon
- Elliott is reportedly lining up CEO candidates and has proposed Jane Nielsen as a potential CEO.
- Nielsen said she would welcome discussing the opportunity with Lululemon's board amid the current CEO's planned exit.
Leadership And Share Price Pressure
- Lululemon's CEO plans to exit in January after criticism over product execution and market share losses.
- The company's shares have dropped about 60% from their peak and market value sits near $25 billion.