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

13 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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