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Lululemon to Acquire Fitness Company Mirror for $500 Million

By
Kate Clark
· · Source: The Information

Lululemon plans to pay $500 million for Mirror, a developer of at-home fitness equipment, the retailer announced on Monday. The deal represents a big step into the connected at-home fitness sector for Lululemon, which sells athletic apparel. Mirror, founded in 2016 by Brynn Putnam, has raised $72 million in venture capital funding to date, according to PitchBook, reaching a valuation of about...

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