We like getting to know you. The leadership change comes as the Vancouver-based company is expanding into the United States. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. David Labistour. We apologize, but this video has failed to load. May 13, 2021. daughter of the late Michael . Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. 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. Brian Hill, who founded the company in 1984, will be succeeded by Jennifer Wong. Environmental and Social Committee, Chair. NOT FOR . Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. [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. SG&A expenses were $393 million or 26.3% of net revenue compared to 29.2% last year. This advertisement has not loaded yet, but your article continues below. There are 5 older and 5 younger executives at Aritzia. [2] After poor grades caused him to be kicked out of the faculty of commerce, he graduated from the faculty of economics. Receive direct access to our top content, contests and perks. EXCELLENCEWe relentlessly pursue world-class results. 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). Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. 8 min read Aritzia Inc. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Remains Aritzia's. Follow us on Spotify to hear what we'replaying. 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. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. 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] 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. 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. With a game plan that includes the creation of eight to 12 new stores annually, and revenue of $170 million this year alone, Hill has become a master of the successful retail environment. Don't worry, you can unsubscribe from our mailing list at any time. Insider info on sales, new arrivals and more good stuff. Brian Hill is Chairman at Aritzia Inc. See Brian Hill's compensation, career history, education, & memberships. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Following the Offering, Mr. Hill will remain the Companys largest shareholder with an approximately 20% equity interest. 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. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. 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. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. Shortly after graduating from the faculty of economics at Queens University, Hill opened the first Aritzia boutique with his brother Ross. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. The Vancouver-based company, which went public in. 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. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. 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. In recognition of his creative and business strength, Mr. Hill was awarded the Henry Singer Award for Retail Excellence presented by the University of Alberta (2013), Distinguished Retailer of the Year presented by the Retail Council of Canada (2012), and was named Ernst & Young Entrepreneur Of The Year for the Pacific Region (2008). See, Click to View our Accessibility Statement. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. 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). A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. A Division of NBCUniversal. It's why we search out the best mills and factories around the world. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. Interested? 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. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. Poker faced. Brian Hill sells shares for estate planning, investment diversifica With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. He is intimately involved in all aspects of our business. (It's kind of why we're here.). 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. INTEGRITYWe always do what we believe is right. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. 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. He also forfeited stock options in recent years to help the company thrive. Rather he's charging forward with a major expansion, including a number of stateside openings. It's why our clothes look and feel sogood. "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. Aritzia is an innovative design house and fashion boutique. It is evident that our tremendous success is a result of Jennifers contributions. It's why our clothes look and feel sogood. Vice President, Investor Relations It's why we consider (and reconsider) every last seam, pleat and button. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . He created every inch of it. 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. 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. Why Did Brian Hill Create Aritzia? He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. 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. I am honoured to lead Aritzia and our people into the future with Brian and our senior leadership team, building upon the foundation we have built over decades, said Wong in a statement. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. 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. And we really like helping you zero in on your personal style. CREATIVITYCreativity is at the core of everything we do. Brian Hill isa descendant of the founder of the Hill's of Kerrisdale clothing shop. You can book a personal shopping appointment right now in any of our boutiques. Brian Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. 27. place. Sometimes I get a little bogged down with the technical issues and financial issues and legal issues and big corporate strategy issues that I think Im decently good at, but I dont necessarily always find the most invigorating, he admits, while toying with a cellphone that rings endlessly during our talk. Eclectic playlists curated by our in-house music director. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. No credit card required. Pesto is slathered on the hot out-of-the-oven pizza, giving it a burst of garlicky aroma. 01/10: Circles: Another Bayer investor wants to split up - share price rises . As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. Should traffic fines in B.C. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. Following his graduation from high school, attended the commerce program at Queen's University. Please turn it on so that you can experience the full capabilities of this site. Follow us on Spotify to hear what we'replaying. A few decades later, that idea hasnt changed. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. (It's kind of why we're here.). The subordinate voting shares represent approximately 0.9% of the outstanding subordinate voting shares and the multiple voting shares represent approximately 100.0% of the outstanding multiple voting shares, in each case, on a non-diluted basis. 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. Please try again. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. [2]. [1] The owner of Aritzia is Brian Hill. 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 . Box 500 Station A Toronto, ON Canada, M5W 1E6. Read more about cookies here. "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.". Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. CREATIVITYCreativity is at the core of everything we do. A love of art runs deep at Aritzia. He is a Canadian businessman and entrepreneur. 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). Hill owns 100% of the multiple voting shares. Your browser's Javascript functionality is turned off. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. NOT FOR DISTRIBUTION IN THE UNITED STATES. We fill our boutiques with original paintings, sculpture and prints. Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. Fashion comeback: Le Chteau returns to brick-and-mortar stores across Canada, 25 Mother's Day gift ideas every mom will love, "Playing with history": People are upset Kim Kardashian ruined Marilyn Monroes iconic dress. 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. Start planning for your weekend with expert recommendations from our team of writers on what to cook, where to dine, and the perfect wine pairing delivered straight to your inbox on Thursday at noon. We ask you to keep your comments relevant and respectful. For more information: Aritzia marketing calls and texts may use an automatic telephone dialing system. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. 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. TEAMWORKIndividually we are great, together we are exceptional. Create an account or sign in to continue with your reading experience. 38.97, those shares were worth $ 854.9 million stepping down from his post as chief executive of! Seam, pleat and button vice President, Investor Relations it 's why we 're here )! Continue to hold 220,913 Options following closing of the founder of the Vancouver-based is. Of $ 38.97, those shares were worth $ 854.9 million it 's why our clothes and... $ 34.2 million, up 113 per cent from the faculty of economics at Queens University, Hill the... 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