Lululemon generally takeover target Lululemon athletica, the yoga wear retailer that got a new ceo this year, forecast profit that trailed analysts’ estimations.Andrew bell informs us. Bnn videoif lululemon were found to be in play, likely strategic buyers would come with vf or sporting wear titan adidas ag, camilo lyon, managing director of equity study at canaccord genuity in new york, said in a report unveiled monday. However, industry sources not unused to lululemon said it is not for sale nor involved in talks to divest the company. “Any time the lululemon stock sets, abruptly all the sharks go out and want to go hunting, said one supply. Lululemon shares sank in 2013 after the retailer struggled with a crisis of having to pull its signature black yoga pants if they were too sheer, raising queries about the premium retailer’s high quality image.It replaced its ceo in january with laurent potdevin, a global footwear and snowboard professional, and is perfecting expanding overseas and into new categories as it tries to woo back customers. Vf spokesman lance allega said company doesn’t comment”On accurate brands, a lululemon speaker said it doesn’t comment on speculation.Company has a well oiled supply chain and could help the canadian based chain bolster its submitting network.Yoga wear equivalent to lululemon, not forgetting such labels as wrangler jeans and vans shoes. As being”Private equity finance company on steroids, vf ralph lauren mens pony polo is wise at”Checking, acquiring and building way of living brands, isi group analyst omar saad in big apple said in a note last month. He said he expects the company to continue adding one or two meaningful Ralph Lauren Polo http://www.sfwp.com.au/ purchases about every other year, and lululemon could be especially. Having said that, mister.Lyon of canaccord said in a discussion monday he doesn’t think a takeover of lululemon is imminent despite the rumours. “Vf is always a suitor for some retailers or vendors, he was quoted saying. “They’re always on buying prowl.But it doesn’t mean they may act, He said adidas is to focus on buyer because it already has significant retail operations, much more than rival nike inc, generally a wholesaler although it is improving its retail business. Luluelemon is trading at just below 13 times ebitda, that is a depressed 2014 estimate, he explained.When lululemon balances its business and bolsters its critical same store sales,”Its many different should re rate higher, he was quoted saying.
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