insert_link Fashion Lululemon acquires Mirror interactive home fitness Lululemon Athletica is expanding. The athletic apparel and accessories maker said Monday it has entered into a definitive agreement to buy the interactive home fitness system Mirror for $500 million. “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. The acquisition of Mirror is an exciting opportunity to build upon that vision, enhance our […] todayJuly 2, 2020
insert_link Fashion Lululemon Execs Take Salary Cuts to Help Keep Employees Paid During Coronavirus Crisis Lululemon’s top executives are pitching in to help employees facing coronavirus-related hardships. In a release yesterday, the athletic apparel retailer announced that members of its senior leadership team will see 20% reductions in their salaries for the next three months, while board directors will also forgo their retainers. This cash reservoir, it shared, would go to the company’s new “We Stand Together” Fund to assist workers who might have been […] todayApril 10, 2020
insert_link Fashion Coronavirus Will Have Long-Term Effects On The Fashion Industry Despite already seeing significant effects, the fashion industry has yet to feel the brunt of the repercussions — financial and otherwise — caused by the global outbreak of COVID-19. The arrival of coronavirus in Italy on February 21 coincided directly with Milan Fashion Week, which ran from the 18th to the 24th, causing some attendees to cancel their trips and head home early, while some designers — including, notably, Giorgio […] todayMarch 16, 2020
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