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Activist investor Elliott builds over $1 billion stake in Lululemon, puts forth CEO candidate

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Activist investor Elliott builds over  billion stake in Lululemon, puts forth CEO candidate


The Lululemon logo can be seen on a store in Manhattan.

Sven Hoppe | Picture Alliance | Getty Images

Activist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon Athletica and is bringing a potential CEO candidate to the table, a person familiar with the matter told CNBC.

Lululemon’s stock rose 6% in early trading Thursday.

Last week, Lululemon announced CEO Calvin McDonald would step down effective Jan. 31, following a year-long performance slump for Lululemon.

Elliott has been working with former Ralph Lauren CFO and COO Jane Nielsen as a potential candidate, according to the person, who spoke on the condition of anonymity about confidential matters.

In a news release announcing McDonald’s departure, the company said its board of directors was working with a “leading executive search firm” to find its next CEO. The leadership change came as Lululemon’s founder Chip Wilson has been calling on the company to make a change, saying earlier this year that the company’s performance is “in a nosedive.”

The athletic apparel company has been facing an increasingly crowded landscape, with athleisure entrants like Vuori and Alo Yoga.

Nielsen served at Ralph Lauren from 2016 until April. Before that, she held roles at Coach and PepsiCo.

Elliott has taken a stake in a slate of other companies as well this year, including a more than $2 billion stake in Workday and a $4 billion stake in PepsiCo. The Wall Street Journal earlier reported Elliott’s Lululemon stake.



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At 6.7%, IIP growth hits over 2-year high – The Times of India

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At 6.7%, IIP growth hits over 2-year high – The Times of India


NEW DELHI: Industrial output growth surged to a 25-month high in Nov, led by a rebound in manufacturing and mining sectors offsetting the contraction in electricity.Data released by the National Statistical Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 6.7% in Nov, higher than the 0.5% recorded in Oct and above the 5% in Nov last year.

Gaining momentum

.The manufacturing sector rose by 8% in Nov, higher than 2% in Oct and above the 5.5% in Nov last year. The mining sector, which had been impacted by unseasonal rains, rebounded and rose by 5.4% in Nov, above the 1.8% contraction in Oct and higher than the 1.9% growth in Nov last year.The highlight for Nov was also the robust expansion in consumer durables and non durables sectors, which grew by 10.3% and 7.3% respectively. “On the demand front, the positive aspect was the improvement in the output of consumer durables and non-durables which grew by 10.3% and 7.3%, respectively, reversing the contraction seen in the previous months. Factors such as GST rationalisation, income tax relief, and easing inflation have boded well for the consumption scenario,” said Rajani Sinha, chief economist at ratings agency CareEdge.“On the investment front, there has been sustained healthy momentum in the growth of infrastructure/construction goods and capital goods output,” said Sinha.The capital goods sector, a key gauge of investment activity, rose an annual 10.4% higher than the 2.1% recorded last month and above the 8.9% expansion in the month of Nov last year.Aditi Nayar, chief economist at ratings agency Icra, said the impact of the US tariffs and penalties is likely to reflect across some of the manufacturing segments, partly offsetting the positive impact of the GST rate rejig. “However, electricity demand has expanded in Dec 2025 after a gap of two months, which should boost power generation in the month, auguring well for IIP growth in the month. We expect the IIP growth to ease to 3.5-5.0% in Dec, as the base effect normalises and the benefit from restocking wanes,” said Nayar.



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World’s Fastest Rail Network Can Take You From Delhi To Rishikesh In 45 Minutes Only – Discover Where This Marvel Is

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World’s Fastest Rail Network Can Take You From Delhi To Rishikesh In 45 Minutes Only – Discover Where This Marvel Is


World’s Fastest Train: Social media is buzzing with stories of the world’s fastest rail networks, but one line stands out for its sheer speed and efficiency. Recently inaugurated, China’s Xi’an–Yan’an high-speed railway is changing rail travel and showing how advanced infrastructure can be.

The new line connects northern Shaanxi province with lightning-fast convenience, reducing travel times and transforming daily commutes. A viral video shows the sleek trains gliding along the tracks, capturing the excitement of locals witnessing the future of rail transport.

In practical terms, imagine a journey in India: this high-speed line could cover the distance between Delhi and Rishikesh in only 45 minutes.

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According to AFP, the Xi’an–Yan’an route is part of the world’s largest high-speed rail network, stretching to nearly one-fifth of the earth’s circumference. The C9309 train on this line runs at an astonishing 350 kilometres per hour (217 miles per hour), surpassing Japan’s Shinkansen, whose maximum speed is 320 kilometres per hour (200 miles per hour).

Operations officially began on December 26, and the launch day saw locals lining up to experience the speed for themselves. For many passengers, the biggest benefit is time saved.

Journeys that once felt exhausting are now fast, smooth and far more accessible, giving travellers a glimpse of what modern and efficient rail travel can achieve.

With this network, China not only demonstrates its engineering prowess but also sets a new global benchmark in speed, efficiency and passenger convenience.



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RBI To Auction Govt Bonds Worth Rs 32,000 Crore On Jan 2

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RBI To Auction Govt Bonds Worth Rs 32,000 Crore On Jan 2


New Delhi: The government of India on Monday announced the sale (re-issue) of “6.48 per cent Government Security 2035” for a notified amount of Rs 32,000 crore through price-based auction using the multiple price method. The auction will be conducted by the Reserve Bank of India’s Mumbai Office on January 2.

The Government will have the option to retain additional subscription up to Rs 2,000 crore against the security, according to a Finance Ministry statement. Up to 5 per cent of the notified amount of the sale of the security will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities, the statement said.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber system) on January 2, 2026. The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m., and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m., the statement explained.

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The result of the auction will be announced on January 2, and payment by successful bidders will be on January 5. The Security will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central government Securities’ issued by the Reserve Bank of India vide circular dated July 24, 2018, as amended from time to time.

Governments sell bonds to borrow money from investors, essentially taking loans to fund public spending like infrastructure, social programs, and to cover budget deficits, acting as a low-risk way for citizens or institutions to lend to the government in exchange for regular interest and principal repayment, thus financing national needs without immediately raising taxes.

These bonds are considered low-risk investments since they are backed by the government and are considered safe because of their relatively low risk. Government bonds typically pay low interest rates.



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