Jun 30, 2020
Lululemon buys at-home exercise startup for $500 million
This news has been received from: wtop.com
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The deal is part of Lululemon’s plan to expand beyond just selling yoga tights and other workout clothing.
“The acquisition of Mirror is an exciting opportunity to build upon that vision, enhance our digital and interactive capabilities, and deepen our roots in the sweat life,” Lululemon CEO Calvin McDonald said in a statement.
The move also comes as Americans have been forced by gym closures to work out at home during the pandemic. And even as some gyms have reopened with new safety protocols, many customers are still not willing to go back because of worries about catching the virus.
Mirror, which launched in 2018, sells a $1,500 interactive mirror that streams workout classes, offers weekly live classes and thousands of on-demand workouts, as well as immersive one-on-one personal training.
The deal builds on a partnership between the two companies that began in mid-2019 when Lululemon made an initial investment in Mirror.
It also marks Lululemon’s first acquisition. Once the deal closes, Mirror will operate as a standalone company within Lululemon, which is based in Vancouver, British Columbia.
Brynn Putnam will continue as Mirror’s CEO, reporting to McDonald.
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News Source: wtop.com
Only known jointly signed pic of Vladimir Putin and Donald Trump costs $32,500
Proving that even an international crisis can prove profitable for some opportunists — a rare picture of President Donald Trump and Russian premier Vladimir Putin shaking hands at the Helsinki summit in 2018, and signed by both world leaders, is for sale at a price $32,500.
The pair look pally at the summit, after which Trump reportedly sided with Russia over the FBI, contradicting US intelligence agencies by saying there had been no reason for Russia to interfere in the 2016 presidential election. Trump said at the time, “President Putin says it’s not Russia. I don’t see any reason why it would be.”
Well, evidence gathered by special counsel Robert Mueller told a different story. The photo was first signed by Putin for a Russian government employee shortly after the summit. Then, through an intermediary, the Russian sent it to a US Republican insider who asked Trump to sign it at an event last year. It is the only known jointly signed photo of the two leaders, and is for sale at MomentsInTime.com.
The picture is particularly pertinent given the current Russia-Taliban bounty intelligence fiasco, which has prompted Democrats to bash Trump. “I believe that the president is not close to tough enough on Vladimir Putin,” Senate Minority Leader Chuck Schumer said. And CNN has described calls between Putin and Trump as “two guys in a steam bath.”Filed under donald trump , vladimir putin , 7/6/20 Share this article: Share this:
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