Nordstrom Canada operated six Nordstrom stores and seven Nordstrom Rack stores, as well as the Nordstrom.ca website, and employed approximately 2,500 people.

Jamieson Wellness is one of the world’s leading VMS (vitamins, minerals, and supplements) companies and the owner of Canada’s top consumer health brand.

Dani Reiss, Canada Goose Chairman and CEO, said:“We are confident that the brand has regained its original momentum.”

Norda not only fills the niche market targeted by Zegna Group but also fits the Group’s high-end positioning. 

Following completion of the Investment, Right Season holds 4,811,508 Common Shares and 4,811,508 Common Share purchase warrants representing approximately 20.73% of the issued and outstanding Common Shares.

After this news was sent out, as of the close on January 9, lululemon’s share price fell 9.29% to $298.66 from the previous trading day, and the current company’s market value is about $38.084 billion.