Bulletin
Investor Alert

Market Pulse Archives

June 29, 2020, 4:25 p.m. EDT

Lululemon to acquire interactive fitness company Mirror for $500 million

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    lululemon athletica inc. (LULU)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Jon Swartz

Shares of sports retailer Lululemon Athletica Inc. /zigman2/quotes/204011506/composite LULU -0.07% rose 3% in after-hours trading Monday following its announcement that it has agreed to acquire Mirror, an in-home fitness company that created an interactive workout platform, for $500 million. Mirror has developed weekly live classes and thousands of on-demand workouts as well as immersive one-on-one personal training. In a statement, Lululemon Chief Executive Calvin McDonald said the acquisition of Mirror will "accelerate the growth of personalized in-home fitness." The deal builds on a business relationship that began in mid-2019, with an initial investment in Mirror by Lululemon. Shares of Lululemon are up 27% in 2020. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.60% is up 3% this year.

/zigman2/quotes/204011506/composite
US : U.S.: Nasdaq
$ 315.35
-0.23 -0.07%
Volume: 1.79M
Sept. 25, 2020 4:00p
P/E Ratio
76.50
Dividend Yield
N/A
Market Cap
$41.12 billion
Rev. per Employee
$227,587
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.