My Account My Account. Free Shipping. The COVID-19 pandemic has severely limited workout options for many across the world, and the continued closure of gyms has prolonged the problem. Here's how the LULU charts look. The deal is … Fitness and athletic apparel firm Lululemon will acquire at-home fitness tech firm Mirror in a deal worth around US$500m (€446m, £407m). Shop Women's We Made Too Much . The purchase will be paid from Lululemon’s primary sources of liquidity, including … The free space that isn't already occupied by our bed is now a designated yoga spot, the empty few feet between our couch and TV now exists as a cardio zone, and streaming virtual classes are our new workout routines. lululemon athletica's (NASDAQ:LULU) $500 million acquisition of the MIRROR home interactive fitness brand made some waves in the athletic world when it was announced on June 29. Here's how the LULU charts look. Even when they begin to reopen in different locales, it seems many will be wary of returning to a potentially high-risk enclosed space, so long as the virus continues to spread. For the quarter, the company missed on revenue estimates. The all-cash deal lands Lululemon an up-and-coming workout company that enables customers to participate in live classes from the comfort of their homes. Lululemon Athletica  (LULU) - Get Report shares are off the highs of the day, but still up about 6%, after the athleisure-apparel company agreed to buy at-home fitness company Mirror for $500 million. The company came out of stealth. Lululemon im Portrait. The deal comes at a time when home workout solutions are in high demand. Karlie Kloss and Creative Agency founder Kevin Huvane are also investors. Shop Men's We Made Too Much. Mirror has been viewed by many as an alternative to Peloton’s wildly popular connected machines. Fitness and athletic apparel firm Lululemon will acquire at-home fitness tech firm Mirror in a deal worth around US$500m (€446m, £407m). Summary. See All Slides. It also cleared downtrend resistance. It follows a $1 million investment that the yoga-inspired athletic and athleisure brand made in Mirror last year. Comparing Mirror and Peloton, we can see Mirror’s edge when it comes to pricing and options. Image courtesy of MIRROR “In 2019, we detailed our vision to be the experiential brand that ignites a community of people living the sweatlife through sweat, grow and connect. Now they're jumping, and let’s see what the charts look like. The free space that isn't already occupied by our bed is now a designated yoga spot, the empty few feet between our couch and TV now exists as a cardio zone, and streaming virtual classes are our new workout routines. In mid-June, Lululemon stock corrected lower on earnings. Lululemon is buying at-home fitness company Mirror for $500 million, a deal that aims to capitalize on pandemic-fueled upheaval in the fitness and retail industries. While the 20-day initially acted as support, it failed to buoy the share price later in the month. Lululemon stock is jumping after the company's $500 million deal for Mirror. Subject to customary closing conditions, the deal is expected to close in the next several weeks. Lululemon, Mirror, & ALL The 2021 Deals On Fitness Favorites. With the use of a companion app, it streams live and on-demand fitness classes directly onto its reflective surface. This provides a high-level perspective on where they see Lululemon going in the long term and why the Mirror deal made sense. A brand now owned by the fitness apparel company, lululemon, Mirror sells a $1,500 smart workout machine that aims to bring the advantages of a brick-and-mortar fitness studio into the comfort of your home. Mirror Combo is LuluLemon in Peloton’s Eye. Lululemon Athletica has announced that it has entered into a definitive agreement to acquire Mirror, an in-home fitness startup that sells a wall-mounted device that streams live and pre-recorded classes.. This is constructive price action for the bulls, particularly as the stock gaps higher on Tuesday and reclaims the 20-day moving average. Here's a little mood boost whilst you wait for the next big event. After climbing toward $320, though, the shares were rejected. (Mirror/Twitter) Lululemon has announced that it has acquired Mirror, an in-home fitness company, for a purchase price of $500 million. forbes.com Lululemon Promo Codes | 50% Off In December 2020 | Forbes. Lululemon successfully … The free space that isn't already … Shop Girls' We Made Too Much. Near this level, Lululemon stock will find the 161.8% extension. (Mirror’s founder, Brynn Putnam, is a former Lululemon … Vincent Plana | Jul 3 2020, 4:49 pm. The company offers a mirror that turns into an interactive home gym. 3 min read. LULU's deal with Mirror provides a catalyst for both entities to execute their existing long-term growth plans. Lululemon acquires in-home fitness company Mirror in $500M deal. In short, watch $320 to $325 on the upside and the 20-day moving average on the downside. Jamel Toppin for Forbes. Should that nut be cracked, the bulls need to see Lululemon rotate over and close above the monthly high, which sits at $324.76. This marks Lululemon's first acquisition. The company came out of stealth onstage at TechCrunch Disrupt in 2018. However, $290 filled the role, acting as support on two different occasions during June after acting as resistance in late May. lululemon athletica inc. (NASDAQ:LULU) today announced that it has entered into a definitive agreement to acquire MIRROR, a leading in-home fitness co Alexandra Polk. “The acquisition of MIRROR is an exciting opportunity to build upon that vision, enhance our digital and interactive capabilities, and deepen our roots in the sweatlife. The shares had surged to records ahead of the print. Shares of Lululemon were working off the impact of a somewhat disappointing earnings report. Lululemon will fund the acquisition from existing liquidity. Mirror will operate as a standalone company within Lululemon and retain its chief executive following completion of the deal, the companies said Monday in a statement. There’s stiff competition in the category of connected fitness slabs, including Tonal and Tempo, but Mirror continues to be the biggest name of the bunch. Or at least it could be. My Shop Preferences. The Mirror deal fits in with Lululemon’s expansion into experiences, and continues the company’s long-time marketing playbook that promotes the brand by giving product to “global ambassadors” — usually local athletes and yoga instructors. Mirror; Sign In; 0; lululemon. © 2021 TheStreet, Inc. All rights reserved. The fitness apparel company noted its plans by way of a press release, noting that it hopes to close the sale by the end of the second fiscal quarter of this year. There’s stiff competition in the category of connected fitness slabs, including Tonal and Tempo, but Mirror continues to be the biggest name of the bunch. Shop Accessories We Made Too Much. In a way, it’s not unlike Peloton  (PTON) - Get Report, the stock of which has flourished as investors flock to stay-at-home businesses. With gyms closed in many areas during the pandemic, Peloton continues to do well. The acquisition, when completed, will be the first for Lululemon. Mirror founder Brynn Putnam, as seen in our Forbes magazine feature on the startup. So far, so good, if we’re basing those observations on the stock price alone. In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for an impressive $500 million.. Mirror founder Brynn Putnam was a Lululemon ambassador. Lululemon said that the move would allow it to bring more content to consumers via brand ambassadors for both companies. Lululemon stock is jumping after the company's $500 million deal for Mirror. Women's; Men's; Accessories; Shop We Made Too Much. The $34 million Series B-1 brought in $34 million for the New York startup’s $1,495 reflective guided workout machine, valuing the startup at around $300 million. Lululemon investors are hoping that the Vancouver company can ride a similar wave of momentum with Mirror. Below that figure puts $290 back in play, followed by the 50-day moving average and possibly the $260 breakout level. Bevor ich auf den jüngsten Deal eingehe, möchte ich Ihnen die US-Firma Lululemon gerne näher vorstellen. Paragon of yoga wear Lululemon Athletica has agreed to acquire up-and-coming exercise company Mirror in an all-cash deal. The company has raised a total of $74.8 million from investors, including Point72 Ventures, Spark Capital, First Round Capital, Lerer Hippeau and BoxGroup. The acquisition of Mirror was an extremely smart business strategy for Lululemon. Lululemon is acquiring the in-home fitness company Mirror for $500 million, the retailer announced Monday. Less stress, more sweat. Yoga-pants retailer Lululemon Athletica Inc. agreed to buy Mirror, a maker of in-home fitness equipment, for $500 million, broadening a partnership that began last year as … Mirror is an interactive workout platform which provides live and on-demand fitness classes – as well as personal training – in a variety of workout genres. Begin Slideshow. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. lululemon sale. We look forward to learning from and working with Brynn Putnam and the team at Mirror to accelerate the growth of personalized in-home fitness.”. The past year saved us major $$$ in monthly membership fees by forcing us to take our fitness journies into our hands. Lululemon Athletica Inc. has entered into an agreement to acquire in-home fitness company Mirror. Fitness startup Mirror nears $300M valuation with fresh funding, “In 2019, we detailed our vision to be the experiential brand that ignites a community of people living the sweatlife through sweat, grow and connect,” CEO Calvin McDonald said in a press release tied to the news. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Lululemon today announced plans to acquire home exercise startup Mirror for $500 million. Lululemon said it expected Mirror, founded by a former professional ballet dancer four years ago, to turn a “modest” profit next year, excluding expenses related to the acquisition. Lululemon today announced plans to acquire home exercise startup Mirror for $500 million. On the downside, see that Lululemon holds the 20-day moving average. The two companies have a relationship dating back to late last year, when Lululemon become an investor in Mirror. While home gyms and workouts have been on the rise for a while now, they have been more popular than ever due to COVID-19 shutting down gyms for nearly four months. This level served as resistance ahead of earnings and will be a tough nut to crack for the bulls. If that happens, the stock may find itself in a new bullish uptrend, potentially putting the $350 mark in play. Sign In; … Mirror has been viewed by many as an alternative to Peloton’s wildly popular connected machines. Mirror is an interactive workout platform which provides live and on-demand fitness classes – as well as personal training – in a variety of workout genres. Mirror, an interactive in-home fitness experience. Lululemon Buys Interactive Home Fitness System Mirror for $500 Million The deal is expected to close in the second quarter of fiscal year 2020 with Mirror … Past year saved us major $ $ in monthly membership fees by forcing us to take our journies... 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