Nike is searching for triple damages from Lululemon in a lawsuit, accusing its smaller rival of infringing six of Nike's patents.
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Nike on Wednesday filed a lawsuit accusing Lululemon of patent infringement for making and promoting the Mirror Residence Gymnasium and associated cellular apps with out authorization.
In a criticism filed in US District Court docket in Manhattan, Nike accused its smaller rival of infringing six patents, together with by expertise that permits customers to focus on particular ranges of exertion, compete with different customers, and report their very own efficiency.
Nike, primarily based in Beaverton, Oregon, is searching for triple damages for Lululemon’s alleged willful infringement, and a wide range of different cures.
Mirror gyms begin at $1,195, based on Lululemon’s web site.
Lululemon mentioned in an announcement: “The patents in query are overly broad and invalid. We're assured in our place and sit up for defending it in courtroom.”
In a Dec. 10, 2021 letter to Nike, a lawyer for Lululemon mentioned the Vancouver, British Columbia-based firm “respects mental property” even because it rejected Nike’s claims.
Lululemon purchased Mirror, an at-home health firm with an interactive exercise platform that includes dwell and on-demand courses, for about $453 million in July 2020.
Athletic attire makers have benefited throughout the pandemic as individuals compelled to work or spend extra time residence ditched dressier clothes for hoodies, leggings and different informal put on.
However Lululemon warned final month that the unfold of the Omicron coronavirus variant might scale back gross sales of its attire due to provide chain points and potential retailer closures.
It additionally halved its fiscal yr gross sales forecast for Mirror to a spread of $125 million to $130 million.
Shares of Lululemon closed down 4.8% at $362.48, whereas Nike ended the day down 2.5% at $162.25.
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