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Market Chatter: Lululemon Athletica to Buy Mexican Franchise for Undisclosed Sum
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Market Chatter: Lululemon Athletica to Buy Mexican Franchise for Undisclosed Sum
May 16, 2024 5:05 AM

07:44 AM EDT, 05/16/2024 (MT Newswires) -- Lululemon Athletica ( LULU ) has agreed to acquire the operations and retail locations of its franchise partner in Mexico, Bloomberg News reported, citing the company.

Financial terms of the deal were not disclosed. The Canadian-based yoga and athleticwear brand will directly own the 15 stores in the country, with employees reporting to the corporate headquarters.

Lululemon did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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