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An update from Lulu’s Fashion Lounge Holdings ( (LVLU) ) is now available.
In a strategic move to reduce costs and optimize operations, Lulu’s Fashion Lounge Holdings, Inc. has announced a reduction of its Board of Directors from eleven to six members, following the voluntary resignations of five directors. The company emphasized that the departures were amicable, with no disagreements over company operations, policies, or practices. The remaining board now consists of four independent and two non-independent directors, with the resigned members to continue providing strategic advice. As part of the cost-cutting measures, the Board has also suspended director retainer payments and dissolved the Technology and Innovation Committee.
Find detailed analytics on LVLU stock on TipRanks’ Stock Analysis page.
