Fashion > People

Lululemon acquires home fitness provider Mirror

6 days ago   |   By Fashion United

Home fitness has become increasingly important to consumers in the
U.S. after three months of stay-at-home mandates and closures of fitness studios. And Lululemon has decided to grow its business to cater to this trend.
The athleticwear brand has acquired Mirror, an innovator in the home fitness sphere, for a purchase price of 500 million dollars.
The company expects the purchase price of Mirror to come from its primary sources of liquidity, which include over 800 million dollars in cash, its existing 400-million-dollar revolving credit facility, and a new one-year, 300-million-dollar...
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Lululemon to acquire home fitness startup

Lululemon to acquire home fitness startup

6 days ago   |   By Drapers

Canadian activewear giant Lululemon has announced plans to acquire home exercise startup Mirror for $500m .
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