Benzinga | Jan 6, 2022 05:13AM EST

Nike Sues Lululemon Over At-Home Mirror Gym

Nike Inc. (NYSE:NKE) has filed a lawsuit against Lululemon Athletica Inc. (NASDAQ:LULU), accusing the apparel company of patent infringement over its at-home Mirror fitness device and accompanying mobile apps.

What Happened Nike said in its lawsuit that it owns a robust portfolio of patents directed to its digital sport innovations for use in or with fitness equipment and apps, citing the Nike+ iPod system, the Nike+ SportWatch, and the Nike+ Running App, among others.

The company accused Lululemon of infringing several of these patents by making and selling the Mirror Home Gym, a wall-mounted mirror device that allows customers to participate in live and on-demand fitness classes.

Nike noted that, prior to filing the lawsuit, it had notified Lululemon of its infringement, but those claims were rejected by the apparel maker.

Why It Matters Lululemon acquired in-home fitness company Mirror in 2020, when the demand for at-home fitness products surged amid the COVID=19 pandemic.

Lululemon is also involved in a legal tussle with Peloton Interactive Inc. (NASDAQ:PTON).

The company filed a patent infringement lawsuit against Peloton in November last year, just days after the fitness company filed a pre-emptive lawsuit against Lululemon, as per a report by Bloomberg.

Price Action: Nike's shares closed 2.5% lower in Wednesday's trading at $162.25, while Lululemon Athletica's shares closed 4.8% lower at $362.48.

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