Mirror news and archive

Lululemon names Michael Aragon as CEO of Mirror

Lululemon Athletica Inc. has announced the appointment of Michael Aragon as CEO of Mirror and Lululemon Digital Fitness, effective January 17, 2022. In this role, the company said, Aragon will oversee the development and expansion of the Mirror in-home digital platform, and will report directly to chief executive officer, Calvin McDonald. “Mike...

Business

Lululemon expects Q4 revenues and earnings at high end of outlook

Lululemon Athletica Inc. now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31, 2021. Commenting on the updated outlook, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “We’re pleased with the momentum over the holiday period...

Business |ANALYSIS Featured

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

Lululemon acquires minority stake in fitness tech startup Mirror

New York – Lululemon has participated in the latest fundraising round for Mirror, a fitness startup that brings boutique fitness classes home with high-tech mirrors. The new funding totalled about 34 million dollars in a new funding round led by Point72 Ventures. Lululemon partook with an undisclosed amount and became one of Mirror’s minority...