Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, April 28, 2023

Article Excerpt

LULULEMON ATHLETICA, $379.93, symbol LULU on Nasdaq, is a designer and retailer of yoga-inspired athletic clothing and accessories, including pants, shorts, tops, jackets and footwear. The company caters to women and men.  Lululemon also sells fitness hardware and services through its “Lululemon Studio.” The company sells under the lululemon athletica and ivivva athletica brand names. It sells its products online and through its retail stores (655 locations in Canada, the U.S., Mainland China, Hong Kong, Australia, the U.K., Singapore, South Korea, and 11 other countries in Europe and Asia). In July 2020, lululemon acquired at-home fitness company Mirror for $500 million. Its primary offering is also called Mirror—a $995 piece of equipment that includes a camera, speakers and a reflective screen. This lets users see both a remote trainer and their own form. Like Peloton, whose exercise bikes go for a much more expensive $1,845, Mirror charges a monthly fee for a library of exercise classes and live workouts, and an additional…