Lululemon considering sale of fitness equipment subsidiary - report
jentakespictures/iStock Editorial via Getty Images                 Lululemon Athletica (NASDAQ:LULU) is in talks to sell Mirror, the in-home fitness equipment manufacturer it purchased for $500M amidst the pandemic.Â   The Canadian athleisure leader is reportedly seeking a sale of the business amid a shift in focus toward its digital app-based services, per Bloomberg. The outlet added that the apparel manufacturer and retailer has enlisted the aid of an adviser to solicit interest in Mirror, citing sources close to the matter.
Read more on the initial deal for Mirror, which closed in July 2020.