Lululemon Athletica ($LULU) shares fell in New York trading after Texas Attorney General Ken Paxton announced an investigation into whether the company’s athletic apparel contains PFAS, or “forever chemicals,” which have been linked to health risks.
- Shares declined as much as 4.5% following the announcement.
- The probe will examine whether Lululemon apparel contains PFAS compounds not expected by consumers.
- PFAS are used in stain-resistant and non-stick materials and have been linked to cancer and immune system effects.
- The company did not immediately respond to a request for comment.
- The investigation adds to existing pressures including slowing sales growth, product quality concerns, and an ongoing CEO search.
- The action is part of broader Texas investigations into consumer products, including WK Kellogg ($KLG) and Procter & Gamble ($PG).
Relevant Companies
- Lululemon Athletica ($LULU) — Subject of the PFAS investigation.
- WK Kellogg ($KLG) — Previously targeted in related Texas consumer product probes.
- Procter & Gamble ($PG) — Adjusted product marketing following a Texas investigation.
Editor’s Note: This is a developing story. This article may be updated as more detail
