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Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:25 EDTLULUlululemon issues statement in response to Chip Wilson
lululemon athletica issued the following statement in response to a press release issued by Chip Wilson: "The lululemon Board of Directors and management team have been consistently focused on enhancing shareholder value and will continue to take actions to achieve this objective. The Boardís commitment to the value and reputation of the lululemon brand and the constant focus by the Board and management on the Companyís mission and core values is critical to enhancing long-term shareholder value. The Board is overseeing lululemonís strategy to strengthen the Companyís foundation, focus its product engine on innovation, and accelerate sustainable and controlled global expansion. By leveraging its design-led roots, strengthening its supply chain and providing an exceptional guest experience, we are confident that lululemon, under new CEO Laurent Potdevinís leadership, will provide guests with the high-quality, technical products they know and love and create value for shareholders. Contrary to Mr. Wilson's assertions, lululemonís Board members are aligned with the Companyís core values and possess the necessary expertise to successfully lead lululemon forward."
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August 18, 2014
15:18 EDTLULUAdvent International reports 14.82% stake in lululemon
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August 12, 2014
07:48 EDTLULUlululemon outright sale unlikley imminent, says Oppenheimer
Oppenheimer says it doubts an outright sale of lululemon is imminent after founder Chip Wilson sold half his stake. However, the firm believes Advent's involvement should help provide support to the shares. Opco expects Q2 comps to be down 4%, the low end of guidance, due to continued lack of product innovation. It keeps an Outperform rating on lululemon with a $53 price target.
05:51 EDTLULUKinder Morgan Energy lululemon
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