• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

Nike sues Lululemon over Mirror Home Gym

Mark White by Mark White
January 5, 2022
in Supply Chain
0


NEW YORK, Jan 5 (Reuters) – Nike Inc on Wednesday filed a lawsuit accusing Lululemon Athletica Inc (LULU.O) of patent infringement for making and selling the Mirror Home Gym and related mobile apps without authorization.

In a complaint filed in U.S. District Court in Manhattan, Nike accused its smaller rival of infringing six patents, including through technology that enables users to target specific levels of exertion, compete with other users, and record their own performance.

Nike, based in Beaverton, Oregon, is seeking triple damages for Lululemon’s alleged willful infringement, and a variety of other remedies.

Register now for FREE unlimited access to Reuters.com

Mirror gyms start at $1,195, according to Lululemon’s website.

Lululemon said in a statement: “The patents in question are overly broad and invalid. We are confident in our position and look forward to defending it in court.”

In a Dec. 10, 2021 letter to Nike, a lawyer for Lululemon said the Vancouver, British Columbia-based company “respects intellectual property” even as it rejected Nike’s claims.

Lululemon bought Mirror, an at-home fitness company with an interactive workout platform featuring live and on-demand classes, for about $453 million in July 2020.

Athletic apparel makers have benefited during the pandemic as people forced to work or spend more time home ditched dressier clothing for hoodies, leggings and other casual wear.

But Lululemon warned last month that the spread of the Omicron coronavirus variant could reduce sales of its apparel because of supply chain issues and potential store closures.

It also halved its fiscal year sales forecast for Mirror to a range of $125 million to $130 million.

In late afternoon trading in New York, shares of Lululemon were down 4.5% at $363.62, while Nike was down 2.1% at $162.91.

The case is Nike Inc v Lululemon Athletica Inc et al, U.S. District Court, Southern District of New York, No. 22-00082.

Register now for FREE unlimited access to Reuters.com

Reporting by Jonathan Stempel in New York and Blake Brittain in Washington; editing by Jonathan Oatis and Lisa Shumaker

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Supply Chain Problems Show Signs of Easing: GXO Logistics CIO – Bloomberg

Next Post

Ford posts 7% fall in 2021 U.S. auto sales

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post
Ford poaches Apple’s car project chief Doug Field

Ford posts 7% fall in 2021 U.S. auto sales

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News