LULU news and archive

Lululemon Athletica stock on the rise on 500 million dollar acquisition of Mirror

Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand’s acquisition of Mirror, a home fitness business. The deal’s price tag is 500 million dollars. The market sees this deal as a move by the fashion retailer to meet consumers where they are now (worldwide lockdowns have been a boon for all...

Business|ANALYSIS FeaturedMember

Lululemon’s CEO reassures the market: “Our financial health is strong”

New York – In a recent earnings, Calvin McDonald, CEO at Lululemon, discussed the company’s fourth-quarter results, as well as the near future of the company in the light of the coronavirus pandemic. The yoga apparel brand’s leadership is confident in their results in the short and middle term. “The safety and well-being of our people and our...