Lulu's Fashion Lounge Holdings, Inc. (Nasdaq: LVLU) announced that its Board of Directors has formed a special committee of independent directors to evaluate strategic alternatives, which may include a possible transaction involving the company or continuation of its standalone strategic plan.

The special committee has retained Solomon Partners as its financial advisor and Willkie Farr & Gallagher LLP as its legal advisor to assist with the review process, according to a press release issued July 13, 2026.

The company stated there is no assurance the review will result in any strategic transaction. Lulus and the special committee said they do not intend to provide updates unless a specific course of action is approved and further disclosure is deemed appropriate.