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.