Lululemon recently fired its CEO and announced its expansion into European markets.
Cristina Petrache
International
Foto Facebook/ lululemon
Always see our news on Google
Last week, Lululemon decided to fire its CEO, in the context of activist investor Elliott Management announcing that it has acquired a $1 billion stake in the athleisure brand. Elliott Management intends to appoint Jane Nielsen, former director of Ralph Lauren, as CEO. Lululemon is facing a slowdown in growth in the North American market and is losing market share to new competitors, having a significant loss in market value this year. Despite these challenges, the brand announced its expansion into the markets of Greece, Austria, Poland, Hungary, and Romania, collaborating with Arion Retail Group. Additionally, entry into the Indian market will take place through a partnership with Tata CLiQ.
Sources
Lululemon, retailerul care produce haine sport, își deschide magazine în România. Când vor fi inaugurate primele unități
lululemon își extinde prezența internațională în 2026, cu deschideri de magazine în șase piețe noi
Lululemon, un retailer care produce haine sport, se extinde în România
Latest News
21:54
Romania has sent the rescEU Black Hawk helicopter to support Serbia in combating the wildfires that have affected 3,500 hectares.
21:39
Unprecedented lows on the Jiu River. Hydrologists announce a historic minimum at the hydrometric stations in Filiași and Răcari.
21:22
A fragment of a drone was found near the southern dam of the Midia Port and recovered by military divers. The Ministry of National Defense confirmed that it does not present explosive charges.
21:02
The Kremlin dismissed speculation about a meeting between President Vladimir Putin and rapper Kanye West
20:48
The Constitutional Court of Romania has published the reasoning for the constitutionality decision of the "Fritz" amendment.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
