Business
Friedland Enterprises Discloses 5% Stake in Lulu's Fashion Lounge Holdings, Calls for Governance Reforms and Strategic Review
Founder and former CEO of Build.com Proposes Eight-Point Plan to Complete Operational TurnaroundMIAMI BEACH, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Friedland Enterprises disclosed in a Schedule 13D filing with the Securities and Exchange Commission that it has acquired approximately 5% of the outstanding common stock of Lulu's Fashion Lounge Holdings, Inc. (Nasdaq: LVLU) and is calling for immediate governance reforms to unlock shareholder value. Mr. Christian Friedland, founder of Friedland En
About this update from Lulu's Fashion Lounge Holdings, Inc.
[{"type":"image","alt":"Friedland Enterprises","displaySize":"","headline":null,"caption":"Friedland Enterprises","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":163,"url":"https://media.zenfs.com/en/globenewswire.com/5c40851ae98a264387ec0e0ed4cf64bd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MxvaZpzROApHTV_JbzOSig--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/5c40851ae98a264387ec0e0ed4cf64bd","width":300,"height":163}},"lazy":false},{"type":"text","content":"Founder and former CEO of Build.com Proposes Eight-Point Plan to Complete Operational Turnaround","length":96,"tagName":"p"},{"type":"text","content":"MIAMI BEACH, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Friedland Enterprises disclosed in a Schedule 13D filing with the Securities and Exchange Commission that it has acquired approximately 5% of the outstanding common stock of Lulu's Fashion Lounge Holdings, Inc. (Nasdaq: LVLU) and is calling for immediate governance reforms to unlock shareholder value.","length":359,"tagName":"p"},{"type":"text","content":"Mr. Christian Friedland, founder of Friedland Enterprises and former CEO of Build.com for 17 years, believes LVLU shares are significantly undervalued despite the company achieving two consecutive quarters of positive Adjusted EBITDA and expanding gross margins by over 450 basis points. The stock currently trades at approximately 0.05x trailing revenue versus comparable company REVOLVE Group at 1.35x revenue—a 27x valuation gap.","length":432,"tagName":"p"},{"type":"text","content":""Management has been working through an operational turnaround, achieving positive EBITDA, improved margins, and balance sheet improvements," said Mr. Friedland. "What remains is governance reform, transparency, and strategic direction."","length":257,"tagName":"p"},{"type":"text","content":"EIGHT-POINT VALUE CREATION PLAN","length":31,"tagName":"p"},{"type":"text","content":"Mr. Friedland's proposals include:","length":38,"tagName":"p"},{"type":"text","content":"IMMEDIATE GOVERNANCE REFORMS:","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reduce authorized shares from 250 million to 10 million, eliminating the 88x dilution overhang created by the July 2024 reverse stock split governance failure.","length":159,...