Lululemon is shopping for train {hardware} startup Mirror for half a billion {dollars}


Mirror

Lululemon, the corporate behind fashionable health attire, is moving into the {hardware} enterprise with Mirror. The health way of life firm introduced on Monday it could spend $500 million to accumulate the startup, which sells a $1,495 reflective show so subscribers can train whereas concurrently streaming exercises and watching themselves.

The attire firm’s CEO Calvin McDonald tells The New York Times the acquisition is about “strengthening our neighborhood and our loyalty and our relationship with our company and memberships.” He additionally famous that Mirror comes with its personal income mannequin, which he and the staff are “enthusiastic about.”

The Occasions says Mirror expects to usher in over…

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