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Failed merger drifts have message in scrap heap

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Lululemon may be mulling a sale of Mirror three years after buying it. Peloton has had a similar problem. Bold acquisitions that stray from a company’s knitting are exciting when funding is cheap but come at a high price when markets turn, says sharonlam_

 

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Lululemon reportedly looking to sell Mirror, 3 years after buying it for $500 millionMirror's revenue has never matched Lululemon's expectations and has been weighing on the company's bottom line. Lol. Mirror is trash
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