Lululemon fails to find buyer for failing Mirror fitness gadget
June 22, 2023
Popular athletic apparel company Lululemon can’t find a buyer for fitness product Mirror — despite slashing the value it paid for the device by nearly 90%, insiders told On The Money.
Lululemon paid $500 million for the low-tech gadget during the height of the pandemic-induced exercise craze in 2020. However, a recent filing showed the company wrote down Mirror’s value to just $58 million. NY Post
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