Nike filed a lawsuit on Wednesday, accusing Lululemon of infringing on the fitness apparel manufacturer’s patents for home Mirror fitness equipment and related mobile applications.
Nike claims that in 1983, it invented and filed a patent application for certain equipment.
The runner’s speed, distance traveled, time elapsed, and calories burned. Since then, it has also launched many popular mobile applications, such as Nike Run Club and Nike Training Club.
The company stated that it holds a number of other fitness equipment patents that Lululemon has infringed on through the sale of Mirror, a wall-mounted device that can guide users in various high-intensity aerobic exercise classes and other exercises.
In 2020, as consumers were eager to exercise at home during the Covid pandemic, Lululemon acquired Mirror for US$500 million.
Nike stated that it had notified Lululemon of the alleged infringement on November 3 before filing the lawsuit, and the tights manufacturer rejected Nike’s claim. The lawsuit was filed in Manhattan Federal Court.
A spokesperson for Lululemon did not immediately respond to CNBC’s request for comment.
Lululemon’s stock price fell about 4% on Wednesday afternoon. In the broader market sell-off, Nike stock finally fell by about 2%.
This story is developing. Please check for updates.
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