Lululemon
Lululemon Can’t Find Buyer for Mirror, Even at Cut-Rate Price, Per Report
Lululemon acquired Mirror for $500 million in June 2020 amid the at-home fitness boom, but the deal has proved to be a flop.
Lululemon CEO Defends Firing Employees Who Intervened in Robbery: ‘It’s Only Merchandise’
Lululemon CEO Calvin McDonald said the employees failed to abide by the company’s zero-tolerance policy for engaging thieves during a robbery.
Lululemon’s New Deal With Xponential Signals Move Away From Mirror
Lululemon and Xponential Fitness are partnering to bring more digital workouts to Lululemon Studio, the athleisure company's app.
Lululemon Sees Sales Jump 24%, Fueled By China Growth
Lululemon reported particularly strong sales growth internationally, including greater China, where the brand is increasing its marketing.
Lululemon Expanding Vancouver HQ, Creating 2,600 New Jobs
Lululemon has promised to create thousands of jobs in Canada after receiving an important designation from the federal government.
Lululemon Invests in Recycling Startup To Boost Eco-Friendly Garment Goals
The collaboration will aid Lululemon in its textile recycling ambitions as it works to develop more sustainable nylon 6,6 and polyester.
Forme Goes Public With Connected Fitness Mirror, but Shares Tumble
FORME, a connected fitness company, had a tough first day on Wall Street, with its shares falling 17% after the launch of a $12 million IPO.
Lululemon Fights Climate Change With Plant-Based Nylon
The Lululemon journey to achieve net zero status by 2030 gets a significant boost with the brand's new line of plant-based nylon tees.
Lululemon Exploring Sale of Mirror Less Than 3 Years After $500M Acquisition
Lululemon is reportedly working with an advisor on a potential sale of Mirror, the athleisure brand's underperforming at-home fitness device.
Tonal Could See Valuation Fall 90% As Post-Pandemic Market Takes Toll
The struggling home gym company could agree to a funding round that values it at $200 to $300 million, a far cry from the $1.6 billion valuation Tonal was looking at two years ago.
