Tag:

Elliott

Lululemon shares slide as Nike veteran’s CEO appointment fails to quiet activists and founder

Lululemon Athletica's (LULU.O), opens new tab shares fell 4% in premarket trade on Thursday, after the struggling retailer announced former top Nike executive Heidi O'Neill as its next CEO, ending a months-long search marked by pressure from ‌an activist investor and the company's founder.

23 Apr 2026-15:54
Severe wildfires devastate Southeast as drought and winds fuel destruction

Huge plumes of smoke blanketed swaths of the Southeast on Wednesday as crews battled rapidly growing wildfires that destroyed more than 50 homes in Georgia and forced hundreds to flee the drought- and wind-fueled flames.

23 Apr 2026-12:29
Nike's shares slide amid China weakness

Nike (NKE) posted better-than-expected results for its fiscal third quarter, reflecting progress in its turnaround under CEO Elliott Hill, though challenges in China weighed on overall performance.

01 Apr 2026-12:57
Lululemon faces investor pressure as CEO search drags on

Lululemon is facing growing investor concern as its search for a permanent CEO continues, even after appointing a seasoned retail executive to its board.

18 Mar 2026-14:56
Elliott builds major stake in Mitsui OSK

18 Mar 2026-09:59
Activist pressure drives Japanese firms to end cross-shareholdings

Japanese companies are accelerating governance reforms, driven by activist pressure and the fear of being targeted, as they unwind cross-shareholdings that have linked firms for decades.

09 Mar 2026-10:42
Elliott boosts Pinterest stake by $1 billion, shares surge

Activist hedge fund Elliott Investment Management is buying $1 billion in new shares of Pinterest, making it likely the company’s largest shareholder, the image-sharing platform announced Tuesday.

03 Mar 2026-17:18
Toyota’s buyout favors Elliott, raises governance questions

Toyota’s decision to raise its offer for group company Toyota Industries (TICO) has favored activist fund Elliott Investment Management, but concerns remain over minority shareholder rights and corporate governance.

03 Mar 2026-13:10
Elliott backs LSEG buyback, urges more value actions

Elliott Management Corp on Friday welcomed the London Stock Exchange Group’s (London Stock Exchange Group) £3 billion ($4.04 billion) share buyback, calling it a “positive first start,” but urged additional value-enhancing actions.

27 Feb 2026-11:56
Japan business lobby delays meeting with Elliott

Keidanren, Japan’s largest business lobby, has postponed a private meeting planned for next month with activist investor Elliott Investment Management, a Keidanren official said on Tuesday.

24 Feb 2026-14:30