Lululemon to Acquire Mexico Franchisee, Retail Locations

Lululemon Athletica Inc. has agreed to acquire the operations and retail locations of its franchise partner in Mexico.

The local franchisee, Lululemon Mexico, runs 15 stores in the country and has been in business since the Vancouver-based athletic-wear brand entered the market in 2017. All its employees will migrate over to Lululemon, the company confirmed in an email. It didn’t disclose financial terms.