Lululemon Athletica Inc. shares fell as much as 4.5% on Monday. Texas Attorney General Ken Paxton is investigating whether the company’s apparel contains PFAS. The probe examines if Lululemon misled consumers about product safety while marketing itself as a health-conscious brand. PFAS, also known as forever chemicals, are linked to various health problems. This investigation adds to challenges for the company as it manages slowing sales growth.
Lululemon shares tumble, Texas probes forever chemicals in apparel