Lulu's Fashion Lounge Discloses Board Size Almost Halved to 'Reduce Costs'-February 2024-www.financetom.com

Lulu's Fashion Lounge Discloses Board Size Almost Halved to 'Reduce Costs'

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Lulu's Fashion Lounge Discloses Board Size Almost Halved to 'Reduce Costs'

Sep 6, 2024 7:33 AM

05:05 AM EDT, 09/06/2024 (MT Newswires) -- Lulu's Fashion Lounge (LVLU) disclosed late Thursday a reduction in the size of its board to six members from 11.

The move is "part of a calculated effort to reduce costs and streamline operations across the company," it said.

The company said the board has suspended payment of retainers to directors "until further notice."

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