Net income tumbled 32% to $792 million from $1,163 million in the fiscal second quarter ended Nov. 30 as revenues inched up 1% to $12,427 million from $12,354 million, nearly mirroring the top- and bottom-line deltas from the first quarter.

Net income was up 79% to €93,867,000 ($109.8 mm) from €52,465,000 for the fiscal fourth quarter ended Sep. 30 on a 15% revenue gain (+20% CC) to €526,338,000 ($615.8 mm) from €455,764,000, with constant currency results beating guidance while the reported figure faced a 420 b.p. drag from U.S. dollar depreciation.

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 Hong Kong-based apparel maker is acquiring certain activewear, swimwear, and outerwear assets from Active Apparel Group, adding to its denim, soft tailoring, and knitwear capabilities.

The Korean parent company of Fila and Acushnet canceled all of its treasury shares, totaling approximately KRW 268.2 billion ($182.0 mm), and also acquired additional treasury shares worth KRW 10 billion.

The high-velocity sports training equipment maker has been acquired by PE firm Sound Growth Partners, along with co-investors, for undisclosed terms.