Elliott Management, Paul Singer’s activist investment fund, has amassed over $1 billion, or about 4%, of Lululemon shares and has proposed a CEO candidate to succeed departing CEO Calvin McDonald, according to multiple reports. The firm is no stranger to the sporting goods industry. A decade ago, it acquired an 11% stake in Cabela’s and pressured it to pursue strategic alternatives, ultimately leading to its acquisition by Bass Pro Shops. Elliott’s current projects include recent investments in PepsiCo and Starbucks, as well as a proxy fight at Phillips 66 that began ... Log in to view full article.