This advertisement has not loaded yet, but your article continues below. The Vancouver-based company, which went public in. Net income was reported as $34.2 million, up 113% from the $16.1 million a year earlier. Rather hes charging forward with a major expansion, including a number of stateside openings. Hill owns 100% of the multiple voting shares. VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) Aritzia Inc. (Aritzia or the Company) (TSX: ATZ), a vertically integrated, innovative design house of exclusive fashion brands offering Everyday Luxury in its boutiques and online, today announced that certain entities owned and/or controlled, directly or indirectly, by Brian Hill, Founder, Chief Executive Officer and Chairman of Aritzia, or Brian Hill and his immediate family (collectively, the Selling Shareholders), have entered into an agreement with CIBC Capital Markets (the Underwriter), pursuant to which the Underwriter has agreed to purchase on a bought deal basis an aggregate of 3,040,700 subordinate voting shares of the Company (Shares) held by the Selling Shareholders at an offering price of $30.00 per Share (the Offering Price) for total gross proceeds to the Selling Shareholders of $91,221,000 (the Offering). Eclectic playlists curated by our in-house music director. Brian Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. "Each multiple voting share represents ten votes on all matters upon which holders of shares in the capital of Aritzia are entitled to vote and is convertible into one subordinate voting share at any time at the sole option of the holder," Aritzia said in a June 1 news release, which updated Hill's multiple voting and subordinate voting share ownership following the closing of a secondary offering. ADVERTISEMENT The Vancouver-based company says that Hill will transition to the executive chair on May 21, and current president and chief operating officer Jennifer Wong will take over as CEO. |, Click to View our Accessibility Statement. [2]. Brian Hill, founder and CEO of Aritzia, joins BNN Bloomberg to talk about the company's third quarter, which saw online sales surge, as well as the impact of recent lockdowns in Ontario and Quebec. Aritzias head office is located at 611 Alexander St., Suite 118, Vancouver, BC, Canada, V6A 1E1. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. [1], Brian Hill was raised in Vancouver, British Columbia, Canada by his father Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. Read more about cookies here. Listing: All of the 2008 EOY winnersBrian Hill accepts the award Brian Hill, interviewed, Though his day-to-day involvement with the company is primarily focused on the expansion of Aritzia, Hill waxes maudlin about his origins in the fashion industry. Environmental and Social Committee, Chair. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares, Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Apr 2014 - Mar 20162 years. Brian Hill, courtesy of Aritzia By Imran Amed 25 August 2009 VANCOUVER, Canada Vancouver may be far away from the traditional centres of the fashion world, but in recent years this laid-back Canadian city has produced two fashion success stories that are taking the North American market by storm. Chalk it up to a lifetime in the fashion industry, but the mans obviously got a knack Aritzias revenue per square foot is four times the industry average. Charlie Smith was editor of the Georgia Straight from 2005 until September 2022. The idea was simple: offer beautiful clothes in aspirational . The management information circular states that he also has more than $2.5 million in the value of unexercised stock options. On this Wikipedia the language links are at the top of the page across from the article title. Want good news asap? [2] Brian worked at his father's retail store through his adolescence, often doing simple maintenance tasks, such as folding, and window washing. It is evident that our tremendous success is a result of Jennifers contributions. The Vancouver-based company says that Hill will transition to the executive chair on May 21, and current president and chief operating officer Jennifer Wong will take over as CEO. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. The Selling Shareholders have granted the Underwriter an over-allotment option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 10% of the Offering to cover over-allotments, if any, and for market stabilization purposes. Your browser's Javascript functionality is turned off. He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. Aritzia announces purchase of Vancouver athleticwear company Reigning Champ, The Year in Review: Many fashion retailers say goodbye, but Aritzia continues to thrive, Vancouver-based Aritzia CEO Brian Hill only collected a $1 salary and $1 bonus in last fiscal year, Aritzia warehouse sale creates huge lineups near Vancouver Convention Centre, Photos: Inside the madness of this year's Aritzia warehouse sale, Georgia Straight guide to the 34th annual Dancing on the Edge festival, Education: Upgrade your skills for a dramatically new world. The son of Jim Hill, who started (and still runs) Hills of Kerrisdale, Brian spent his youth sorting hangers, washing windows and absorbing his dads business tutelage. Please turn it on so that you can experience the full capabilities of this site. EXCELLENCEWe relentlessly pursue world-class results. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. Aritzia marketing calls and texts may use an automatic telephone dialing system. You can book a personal shopping appointment right now in any of our boutiques. Get this delivered to your inbox, and more info about our products and services. We don't do cookie-cutter. See, Click to View our Accessibility Statement. Rather he's charging forward with a major expansion, including a number of stateside openings. INTEGRITYWe always do what we believe is right. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. Capitalizing on the lacklustre fashion retail landscape of the times, he began targeting the emerging teen and young adult market an affluent demographic that had little on which to spend its disposable income. Equity-based compensation awards will give him an "annualcompensation target" of$3 million. We ask you to keep your comments relevant and respectful. To date, weve contributed more than $40 million in product donations, financial support and volunteer hours to non-profits and Aritzia CommunityTM partners that share our values. A preliminary short form prospectus relating to the Offering will be filed by no later than May 19, 2021 with the Canadian securities regulatory authorities and closing of the Offering is expected to occur on or about June 1, 2021. [1], In 2007, Brian's wife, Andrea Thomas Hill founded the organization Cause We Care, a foundation designed to provide support to single mothers in the Vancouver area who may be struggling to provide for their children. Postmedia may earn an affiliate commission from purchases made through links on this page. By the time he reached university, he had a clear grasp of the retail world, but that didnt prevent him from being kicked out of the commerce program at Queens University for poor grades an experience that makes him laugh, since the university often requests his presence to speak to MBA and commerce students. 27. place. Brian Hill is Chairman at Aritzia Inc. See Brian Hill's compensation, career history, education, & memberships. We fill our boutiques with original paintings, sculpture and prints. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzia's CEO, Brian Hill, had other ideas. Sign up for free newsletters and get more CNBC delivered to your inbox. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. [1] Unlike most comparable retailers such as H&M, Aritzia designs and produces many in house brands including: TNA, Talula, Babaton, Wilfred, Wilfred Free, Community, Le Fou, La Notte, Sunday Best, Paradise Mine, The Castings, SIXELEVEN and Auxiliary. Brian Hill sells shares for estate planning, investment diversifica Please try again. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. news and opinions delivered straight to your inbox, Start your day with Sunrise, delivered straight to your inbox, Aritzia names new CEO to succeed founder Brian Hill, Suspected money launderer won't be charged, special prosecutor rules, UBC professor says not masking is racist, ableist and classist, Three arrested after B.C. Brian Hill Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. Following the Offering, Mr. Hill will remain the Companys largest shareholder with an approximately 20% equity interest. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. Now, a public Company and household name with over 100 stores across North America and a global eCommerce platform, Aritzia continues to serve Everyday Luxury to communities near andfar. I think there is a real, tangible pleasure to a customer coming in and needing something and you deliver it for them and theyre happy. There is no better time and no one better to lead Aritzia into the future than Jennifer Wong, Hill said in the news release of Wong, who previously held the position of president and chief operating officer at the company. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Learn more about us and our exclusive brands. Calls may be live or prerecorded. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. Vancouver park board staff were only able to assess the full damage at Kits Pool a few weeks ago after the pool could be fully drained. [4] Figuring out how to expand into California and Florida brought some challenges due to the warm nature of the fall and winter clothing lines. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. Aritzia Inc. (OTCPK:ATZAF) Q3 2022 Earnings Conference Call January 12, 2022 4:30 PM ETCompany ParticipantsCarly Bishop - Executive Manager Office of the Chief Executive OfficerBrian Hill -. When search suggestions are available use up and down arrows to review and enter to select. Unauthorized distribution, transmission or republication strictly prohibited. The first, of course, is Lululemon. A few decades later, that idea hasn't changed. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . These days, Brian Hill doesnt spend much time on the floor of any of his Aritzia clothing stores, which he leaves in the hands of some 1,131 employees. Under his leadership, Aritzia has become one of the most successful fashion retailers in North America. Brian Hill Email Address Found 2 email address listings: @aritzia.com @gmail.com Brian Hill Phone Number Found 2 phone numbers: 604251XXXX 604215XXXX View Brian's Email & Phone (It's Free) 5 free lookups per month. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. Pursuant to the Offering, the Selling Shareholders will be selling a total of 3,040,700 Shares (assuming no exercise of the over-allotment option). We sweat the small stuff. All Rights Reserved. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. NOT FOR DISTRIBUTION IN THE UNITED STATES. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. Aritzia is an innovative design house and fashion boutique. Aritzia Inc. founder Brian Hill caused a ripple in his company's share price on Tuesday after the company's chairman and former CEO announced that he was selling $70 million in shares. daughter of the late Michael . Just Dropped: Episode 1 of Sunday Musing with Emma. VANCOUVER - Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. The leadership change comes as the Vancouver-based company is expanding into the United States. Subscribe now to read the latest news in your city and across Canada. As of this writing, the shares are trading at $35.10. Your browser's Javascript functionality is turned off. He also forfeited stock options in recent years to help the company thrive. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. The change in leadership comes as the company continues its expansion plans into the U.S., which helped boost its net revenue growth in its last quarter by 66.1 per cent from a year earlier. But your remark yesterday made me realize how completely wrong I was. We fill our boutiques with original paintings, sculpture and prints. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. Box 500 Station A Toronto, ON Canada, M5W 1E6. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). And we really like helping you zero in on your personal style. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases. This has positively impacted more than 445,000women. Remains Aritzia's largest shareholder with approximately 18.7% equity interest . Mr. Hill will continue to hold 220,913 Options following closing of the Offering. For more information: When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . A love of art runs deep at Aritzia. Or call us anytime to get styling help, to track down an item or just to sayhi. Adjusted EBITDA was . Chairman of the Board. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. For just $3.50 per week, you can get unlimited, ad-lite access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites. 2023 CNBC LLC. We pride ourselves on creating immersive, human and highly personal shopping experiences, both in our boutiques and on aritzia.com with a focus on delivering Everyday Luxury. Following his graduation from high school, attended the commerce program at Queen's University. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. The change in leadership comes as the company continues its expansion plans into the U.S., which helped boost its net revenue growth in its last quarter by 66.1% from a year earlier. Going forward, he says he's not worried, and expects meaningful growth post-pandemic. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. Formerly backed by Berkshire Partners, Aritzia completed its $400 million IPO on TSX in October 2016 by way of a secondary offering by Berkshire and Hill at $16 per share. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. Wong got her start as a part-time sales associate in 1987. The head office of each of AHI Holdings Inc., Sven Holdings Inc. and the ARON Charitable Foundation is located at 611 Alexander St., Suite 408, Vancouver, BC, Canada, V6A 1E1. Aritzia says net revenue in its fourth quarter came in at $444.3 million, up from $267.5 million for the same quarter last year. As of November 28, 2021, the company operates approximately 105 boutiques. Who we are is reflected in our values. Search is currently unavailable. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. If you don't see it, please check your junk folder. According to BC business, young Hill spent his days sorting hangers and washing windows at the store while learning about business from his father. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. We don't do cookie-cutter. Founded in Vancouver in 1984, Aritzia has more than 100 locations in select cities across North America, including Vancouver, Toronto, Montreal, New York, Los Angeles, San Francisco and Chicago. Prior to that, he was the news editor. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Arnault tightens family grip on LVMH as daughter becomes Dior CEO: RE. Its a far cry from the upscale department store environment in which Hill got his start, but its a world he knows well. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Remains Aritzia's largest shareholder with approximately 20% equity interest NOT FOR DISTRIBUTION IN THE UNITED STATES VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) -- Aritzia Inc. ("Aritzia" or the "Company") (TSX: ATZ), a vertically integrated, innovative design house of . Helen Kelly He is intimately involved in all aspects of our business. Unconfirmed subscriptions will be removed within 24 hours. Not the Brian Hill you were looking for? Please turn it on so that you can experience the full capabilities of this site. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. Aritzia CEO Brian Hill steps down after leading retailer for 38 years | CBC News Loaded. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. Dont worry you can unsubscribe whenever you like. INTEGRITYWe always do what we believe is right. Aritzias net revenue growth has increased more than 66 per cent from last year, according to the release. They've rocketed up 40 percent from the start of this year. Aritzia Inc. founder Brian Hill said he will step aside as chief executive after 38 years at the helm of the clothing chain, initiating a leadership transition that will see president and COO Jennifer Wong elevated to CEO later this month. be tied to a person's income? No securities regulatory authority has either approved or disapproved of the contents of this news release. Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. We like getting to know you. If you are a Home delivery print subscriber, unlimited online access is. Don't worry, you can unsubscribe from our mailing list at any time. Shortly after graduating from the faculty of economics at Queens University, Hill opened the first Aritzia boutique with his brother Ross. "It also ensures further alignment of Mr. Hills interests to those of our shareholders, while being designed to reward substantial and sustained stock price growth.". Create an account or sign in to continue with your reading experience. The change in leadership comes as Aritzia continues its expansion into the US. It's why we consider (and reconsider) every last seam, pleat and button. [2] Upon graduation, Hill moved back home to Vancouver. We just thought that we knew more about what consumers wanted, and the suppliers out there werent giving it. Throughout the 90s and into the millennium, the vertically integrated womens fashion retail firm built its empire, which now includes 25 locations across the country, two more in the U.S. and three more set to open south of the border. Get the good stuff, right to your inbox. Questions? In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Private Capital Journal is a publication of CPE News, Canadas leading all private capital and public financing news, 2023 CPE News, a division of CPE Media & Data Company. Noting that Wong has been instrumental in accelerating the companys recent growth, Hill remarked her appointment is key to capitalizing on the incredible opportunities in the companys future. He founded the company in 1984 and has been its CEO since then. 500-245 Fairview Mall Drive, Toronto, Ontario M2J 4T1 | 647-872-6300, Confirmation Required - check your junk folder should you NOT receive our confirmation email, Retail Funds, MICs, Public Traded Funds, Private Debt/Royalty Fund, Koomi/MYR secures $1.25M seed financing led by Segovia Capital, OMERS and AIMCO to sell Environmental Resources Management to KKR. We encountered an issue signing you up. Aritzias six private brands and two accessory brands account for 80 per cent of sales and allow the company to target different buyer profiles within its consumer base. Since 2016, he's only collected a $1 annual salary and $1 annual bonusas the boss of Aritzia Inc., which was launched in 1984. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. The soundtrack in our boutiques? Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. There is great gratification in that. Hill has been aligned with the fashion retail business since birth. Will continue to hold 220,913 options following closing of the most successful fashion retailers in North.. Recent years to help the company went public in October 2016 and has been its since... 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