Norda Takes on Another Round of Outside Investment

Kate Robertson for Shop Eat Surf X Outdoor:

The Ermenegildo Zegna Group has made a second round of investment in the Canadian footwear brand Norda.
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“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 co-founder and CEO Nick Martire told WWD. “This investment simply enables us to continue doing what we do best, and do it at an even larger scale.”

The Ermenegildo Zegna Group is an Italian brand owning several luxury fashion labels including Tom Ford and Zegna. Zegna shoes sell for $1,000 – $2,000 dollars a pair.