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Stock impact report

Norda Secures Second Round of Investment From Ermenegildo Zegna Group [Yahoo! Finance]

Ermenegildo Zegna N.V. (ZGN) 
Company Research Source: Yahoo! Finance
The Ermenegildo Zegna Group initially approached Norda in 2021 — when the brand had just launched its first shoe, the 001 — and made its first investment in 2023. Norda now has five shoes on the market, as well as several offshoots of its 001, as well as a range of apparel and accessories. More from WWD Gildo Zegna on Generational Shift at Ermenegildo Zegna Group Zegna Group Reveals Succession Plan Marcolin Posts Top-, Bottom-line Gains in 9 Months Ahead of VSP Vision Acquisition “We've seen continued, unprecedented growth since we first came to market — the brand is doubling in size every year — and substantial capital is required to sustain that rapid progression,” Norda cofounder and CEO Nick Martire told Footwear News. “This investment simply enables us to continue doing what we do best, and do it at an even larger scale.” Although it hasn't strayed from performance, Norda has found its footwear embraced in fashion circles and stocked in boutiques including Dover Stree Show less Read more
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