Money

Lululemon buys fitness company Mirror for $500 million


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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