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Advent International's ownership of Lululemon falls to 7.48%
By Lisa Kerner
Charlotte, N.C., June 26 - Advent International Corp. and its affiliates beneficially own 5,096,526 shares, or 7.48%, of Lululemon Athletica, Inc., it was reported in a schedule 13D filed with the Securities and Exchange Commission.
On June 18 the investors beneficially owned 6,036,265 shares, or 8.86%, of the Vancouver, B.C., athletic apparel manufacturer, a prior SEC filing said.
It was previously reported in February that Advent completed an in-kind distribution of 5 million shares of Lululemon Athletica common stock to some Advent partners and claimed ownership of 7,564,956 shares, or 11.20%, of Lululemon's outstanding stock.
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