• Lululemon Athletica stock on the rise on 500 million dollars acquisition of Mirror

    12 days ago - By Fashion United

    ANALYSIS Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand's acquisition of Mirror, a home fitness business. The deal's price tag is 500 million dollars.
    The market sees this deal as a move by the fashion retailer to meet consumers where they are now (worldwide lockdowns have been a boon for all sorts of at-home entertainment, fitness and other activities.)
    MIRROR will operate as a stand-alone entity under Lululemon, with current
    CEO and founder continuing to serve as the company's CEO and report directly to Lululemon CEO Calvin...
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