Lululemon reassures investors after founder steps up pressure New york city lululemon athletica inc, pressurized from founder dennis wilson to look beyond short term results, is working to create value for shareholders in part by enhancing the product line. The yoga clothing maker board and managers are on further fortifying the company product engine and relentlessly innovating to drive global expansion and create value for lululemon shareholders, a lululemon spokesman said in an announcement sunday. Wilson, who at that moment owned 27 per cent of the vancouver based company, said on june 11 he voted unsuccessfully through the re election of michael casey, his heir as chairman.Wilson is using goldman sachs group inc.On plans that might include shaking up the board, selling his stake or working with private equity finance firms on a buyout, the wall street journal known sunday, citing guys it didn name. Lululemon has been seeking to regain shoppers trust after recalling a popular line of black luon yoga pants for being too sheer last year.Investors pushed shares to the minimum level in three years after the company cut its full year forecast on june 12. The decline left lululemon trading near its lowest earnings quantity since 2009, which may encourage an opportunistic buyer to make a technique, said scott rostan to train the street.Rostan new york based firm teaches new hires at investment banks how to structure mergers and purchases. Vf corp, the $27 billion who owns the vans and the north face brands, is the most likely candidates to consider acquiring lululemon, said canaccord genuity ensemble inc.Adidas ag also would make sense as a buyer because the $22 billion sports maker could use its international expertise to help guide lululemon overseas expansion, wedbush corporation.Cited. Lululemon may be a good fit for vf your larger company already has a presence in athletic apparel, replied camilo lyon, a big apple based analyst at canaccord, earlier this year.Vf, which traces its selling roots back to 1899, may use its expertise to remedy lululemon supply chain challenges and cut costs, lyon replied. Omar saad of global strategy ralph lauren flag polo investment group llc highlighted lululemon as a potential takeover target for vf last month.A takeover at $50 a share could be accretive for producer of wrangler denim and ella moss dresses, he authored. Agents for greensboro, nc based vf and adidas, which may based in herzogenaurach, philippines, have rejected to comment. Nike corporation.May also consider adding lululemon tank tops and yoga pants to its athletic lineup, in sfwp order to jennifer black, ceo at lake oswego, oregon based jennifer black representatives llc, who said recently that the company takeover prospects will increase if it continues to struggle this year.A associated with beaverton, oregon based nike has decreased to comment.
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