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#Lululemon buys fitness company Mirror for $500 million
“#Lululemon buys fitness company Mirror for $500 million”
June 29, 2020 | 7:41pm
Lululemon Athletica said on Monday it would buy home fitness content maker Mirror for $500 million, as the high-end yogawear company looks to cash in on booming demand for at-home fitness classes spurred by coronavirus lockdowns.
Mirror launched in 2018 and offers weekly live classes, as well as on-demand workouts.
Lululemon shares rose 1.7 percent Monday, closing at $294.35.
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