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. [2] Nearing the end of the 1990s, Aritzia was expanded nationally, and then in 2005, it was expanded internationally to establish boutiques in the United States. 2023 CNBC LLC. Brian Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. 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. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. Hill claimed that he saw a gap in the market, which he intended to fill, lying somewhere between luxury clothing retailers for young women and trendy retailers for young girls. 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. Net income was reported as $34.2 million, up 113% from the $16.1 million a year earlier. 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. Following the Offering, Mr. Hill will remain the Companys largest shareholder with an approximately 20% equity interest. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. Follow us on Spotify to hear what we'replaying. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares 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 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. 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. Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering. [2] Upon graduation, Hill moved back home to Vancouver. Prince Harry, the Duke of Sussex, made the announcement at the closing of the games in the Netherlands. The Vancouver-based company, which went public in 2016, says president and chief operating officer Jennifer Wong will step into the CEO role, while Hill will stay on as executive chair of the board. See, Click to View our Accessibility Statement. May 13, 2021. Reviews and recommendations are unbiased and products are independently selected. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. CPE News (5/13/2021) Aritzia Inc. (TSX: ATZ) announced today that that certain entities owned and/or controlled, directly or indirectly, by Brian Hill, founder, CEO & Chairman of Aritzia, have entered into an agreement with CIBC Capital Markets for a bought deal secondary offering of 3,040,700 subordinate voting shares at an offering price of $30.00 per share for total gross proceeds to the selling shareholder of $91,221,000. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. On this Wikipedia the language links are at the top of the page across from the article title. The Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada and may also be offered by way of private placement in the United States and internationally as permitted. Please try again. TEAMWORKIndividually we are great, together we are exceptional. Brian Hill is Chairman at Aritzia Inc. See Brian Hill's compensation, career history, education, & memberships. David Labistour. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. Following closing of the Offering (assuming no exercise of the over-allotment option), the Hill Entities will hold no subordinate voting shares and 21,937,349 multiple voting shares representing an equity interest of approximately 19.9%, and a voting interest of approximately 71.3%, in each case, on a non-diluted basis. daughter of the late Michael . Hill owns 100% of the multiple voting shares. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. This additional disclosure is being provided pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed by the Hill Entities (as defined below) with the regulatory authorities in each jurisdiction in which the Company is a reporting issuer containing information with respect to the foregoing matters (the Early Warning Report). 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Interested? 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). Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. The Hill Entities may, depending on market conditions, acquire additional subordinate voting shares or dispose of multiple voting shares or subordinate voting shares in the future whether in transactions over the open market or through privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and estate planning, investment diversification and charitable giving purposes (including through the ARON Charitable Foundation, the Hill familys charitable foundation). Under his leadership, we have opened 87 retail boutiques in key markets in Canada and the U.S., in addition to developing and launching our eCommerce business. It is evident that our tremendous success is a result of Jennifers contributions, Hill said. 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. There was an error, please provide a valid email address. Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. 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). Brian Hill biography. 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. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. 01/10: Circles: Another Bayer investor wants to split up - share price rises . The Vancouver clothing retailer's stock is up 40 percent since the start of the year. |, Don't worry, you can opt out any time. We like getting to know you. 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. If you are a Home delivery print subscriber, unlimited online access is. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. SG&A expenses were $393 million or 26.3% of net revenue compared to 29.2% last year. The president and CEO of the Vancouver-based clothing company has been interviewed about the success of his business countless times; its all part of the job, but its clear hes more comfortable doing what he does best overseeing every facet of B.C.s most successful fashion retail monopoly. Comments are welcome while open. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. (It's kind of why we're here.). 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. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Want good news asap? We were past this. [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. 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. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. Your browser's Javascript functionality is turned off. It's why we consider (and reconsider) every last seam, pleat and button. 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. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. 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. 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. And we really like helping you zero in on your personal style. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. For more information: 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. The leadership change comes as the Vancouver-based company is expanding into the United States. Postmedia may earn an affiliate commission from purchases made through links on this page. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. We don't do cookie-cutter. Charlie Smith was editor of the Georgia Straight from 2005 until September 2022. Not the Brian Hill you were looking for? The company offers its products under the Wilfred, Babaton and TNA brands. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Pesto is slathered on the hot out-of-the-oven pizza, giving it a burst of garlicky aroma. A 17-year-old male student was arrested by police and later released at the scene to his guardian, said RCMP. Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. Or call us anytime to get styling help, to track down an item or just to sayhi. The Shares have not been registered under the United States Securities Act of 1933, as amended (the U.S. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. Should traffic fines in B.C. Get the good stuff, right to your inbox. More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. 27. place. 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. 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. It's why we search out the best mills and factories around the world. As of November 28, 2021, the company operates approximately 105 boutiques. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com After the opening of its first location in 1984, the company has grown steadily in its thirty years of operation, servicing a demographic of young women and employing more than 2,300 staff. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. Aritzias net revenue growth has increased more than 66 per cent from last year, according to the release. Were here to help. "She had an ability to cut out the noise. 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. There is great gratification in that. Hill has been aligned with the fashion retail business since birth. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. But your remark yesterday made me realize how completely wrong I was. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Aritzia in any jurisdiction in which such offer, solicitation or sale would be unlawful. "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.". Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. [2] After poor grades caused him to be kicked out of the faculty of commerce, he graduated from the faculty of economics. 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. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Got a confidential news tip? Unable to source cutting-edge designs from other manufacturers, Hill looked inward for inspiration and established a number of in-house clothing lines to provide trend-setting fashions for his customers. Read more about cookies here. Insider info on sales, new arrivals and more good stuff. Brian Hill sells shares for estate planning, investment diversifica Shortly after returning from school, in 1984, Hill, with his brother Ross, opened the first Aritzia boutique in Oakridge Centre,[2] an upscale shopping mall in Vancouver, BC. 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. This has positively impacted more than 445,000women. CREATIVITYCreativity is at the core of everything we do. Don't worry, you can unsubscribe from our mailing list at any time. They've rocketed up 40 percent from the start of this year. Calls may be live or prerecorded. We conceive, create, develop and retail fashion brands, each with its own vision and distinct aesthetic point of view and all with a depth of design and quality that provide compelling value. Hill owned 24,207,349 multiple voting shares and 770,700 subordinate voting shares, according to Aritzia's most recent management information circular issued on May 20. 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). 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. With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. Big news: We now ship to more than 220 countries. Mr. Hill, through entities owned and/or controlled, directly or indirectly, by him or by him and his immediate family, including AHI Holdings Inc., Sven Holdings Inc. and the ARON Charitable Foundation (the Hill Entities), currently holds 770,700 subordinate voting shares and 24,207,349 multiple voting shares representing an equity interest of approximately 22.7% and a voting interest of approximately 74.1%, in each case, on a non-diluted basis. Brian Hill, who founded the company in 1984, will be succeeded by Jennifer Wong. The soundtrack in our boutiques? "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. He attributes that accomplishment to the economic immunity of his 15-to-30-year-old target market. You can book a personal shopping appointment right now in any of our boutiques. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. INTEGRITYWe always do what we believe is right. If you don't see it, please check your junk folder. TEAMWORKIndividually we are great, together we are exceptional. This includes50 percent in stock options that vest over five years and 50 percent in performance share units with targets directly tied to Aritzia's long-term performance, according to the information circular. Arnault tightens family grip on LVMH as daughter becomes Dior CEO: RE. Helen Kelly The Vancouver-based company, which went public in 2016, says president and chief operating officer Jennifer Wong will step into the CEO role, while Hill will stay on as executive chair of the board. (It's kind of why we're here.). As climate change drives ever-worse wildfires in B.C., land is left unable to withstand heavy rains and snowmelts. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzia's CEO, Brian Hill, had other ideas. According to BC business, young Hill spent his days sorting hangers and washing windows at the store while learning about business from his father. 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. Create an account or sign in to continue with your reading experience. Brian Hill Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. No securities regulatory authority has either approved or disapproved of the contents of this news release. Eclectic playlists curated by our in-house music director. Box 500 Station A Toronto, ON Canada, M5W 1E6. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. NOT FOR . Aritzia marketing calls and texts may use an automatic telephone dialing system. |, Click to View our Accessibility Statement. Following the closing the offering and assuming no exercise of the over-allotment option, Aritzia will have 88,122,723 subordinate voting shares and 21,937,349 multiple voting shares outstanding. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. Founder and Executive Chair of Aritzia. Accordingly, the Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. Brian Hill, president and CEO, Aritzia LP These days, Brian Hill doesn't spend much time on the floor of any of his Aritzia clothing stores, which he leaves in the hands of some 1,131 employees. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. VANCOUVER - Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. Hill no longer holds any subordinate voting shares directly or indirectly and owns 21,937,340 multiple voting shares, which are valued at $771.1 million. [1] After the opening of its first location in 1984, the company has grown steadily in its thirty years of operation, servicing a demographic of young women and employing more than 2,300 staff. We want to hear from you. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. He is intimately involved in all aspects of our business. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. As a group, they are united by an effortless appeal, a focus on fit and an of-the-moment point of view. Sign up for free newsletters and get more CNBC delivered to your inbox. We encountered an issue signing you up. Vice President, Investor Relations Nattel added that despite Hill's departure as CEO, "importantly'' he has no "immediate'' plans to change current ownership levels, while Wong is well-known to investors. I am grateful to our team members for their hard work and dedication, which continues to propel us forward at a phenomenal pace, Hill said. Prior to that, he was the news editor. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Unconfirmed subscriptions will be removed within 24 hours. All Rights Reserved. I walked into Starbucks laughing like a goofball around 9:40 am, you were sitting by the door Facebook comments not loading? Pseudonyms will no longer be permitted. Since 2016, he's only collected a $1 annual salary and $1 annual bonusas the boss of Aritzia Inc., which was launched in 1984. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. museum's iconic woolly mammoth gets splashed with paint. When search suggestions are available use up and down arrows to review and enter to select. And we really like helping you zero in on your personal style. In an investor statement released Friday, the company made public the decision for Hill, who founded the company in 1984, to be succeeded by Jennifer Wong. 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 a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. The owner of Aritzia is Brian Hill. A copy of the Early Warning Report will be filed under Aritzias profile on the System for Electronic Document Analysis and Retrieval (SEDAR) and further information and/or a copy of the Early Warning Report may be obtained by contacting David Pfeifer at (604) 404-0443. The female demographic of that age is probably the least affected by the economy and economic situations that are going on out there, he says. We sweat the small stuff. The company's fourth-quarter net revenue increased by 66.1 per cent, compared to . Aritzia today also released fourth-quarter and fiscal 2022 financial data, for the period that ended February 27. Daily updates on what's happening in BC's business world. Closed. 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. John Montalbano. 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. We pride ourselves on creating immersive, and highly personalized shopping experiences at aritzia.com and in our 100+ boutiques throughout North America to everyone,everywhere. Brian Hill is a founder and the CEO of the vertically integrated, innovative design house of exclusive brands, Aritzia. Receive direct access to our top content, contests and perks. Story continues below This advertisement has not loaded yet, but. NOT FOR DISTRIBUTION IN THE UNITED STATES. A love of art runs deep at Aritzia. Environmental and Social Committee, Chair. Who we are is reflected in our values. The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight.