Elliott builds over $1 billion stake in Lululemon, plans to bring new CEO, WSJ reports

Dec 17 (Reuters) – Activist investor Elliott Management has built a stake of over $1 billion in Lululemon Athletica and is bringing a potential CEO candidate to the struggling athletic apparel retailer it wants to help turn around, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report (Reporting by Shivani Tanna in Bengaluru; Editing by Alan Barona)

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