Lululemon Founder Hires Goldman As He Considers Shake-up: Report
According to the Wall Street Journal, Dennis Wilson, the founder of Lululemon Athletica, has hired Goldman Sachs as he seeks a shake-up of the board of directors and may consider options including a proxy fight or joining a private equity firm in a buyout. The company’s shares dropped sharply last week after it cut financial forecasts and warned that second-quarter sales were weak. Goldman declined to comment.
“Lululemon Founder Hires Goldman As He Considers Shake-up: Report” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.