After months of quiet and stalled deals, 2020 closed in a flurry of M&A (mergers and acquisitions) activity, setting a pace that is likely to continue in 2021. That’s the view of analysts across the luxury sector. “Covid has added to the pressure from demand going to a very concentrated number of winning brands,” says Francesca Di Pasquantonio, head of luxury goods, equity research at Deutsche Bank. “This creates the conditions that are favourable to selling to others, mergin

The athleisure company’s first acquisition is a bet on the future of fitness and a way to further tie into the lives of its customers. Lululemon, the purveyor of expensive athleisure and activewear, is betting on the future of personalized remote exercise as a way to reach customers by acquiring Mirror, a home fitness start-up that sells a $1,495 wall-mounted machine for streaming workout classes. The $500 million purchase, which Lululemon announced on Monday, is the company’