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The athleisure brand is accusing Costco of selling knockoffs of several of its signature designs and offering them at a lower price under the wholesale club giant's Kirkland Signature brand.

Vancouver-based Lululemon asserts that Costco sells apparel that mimics the look and feel of its products.

Lululemon has filed a lawsuit against Costco accusing the chain of selling knockoff versions of its athleisure wear for discounted prices.