We ask you to keep your comments relevant and respectful. [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. A few decades later, that idea hasnt changed. He also forfeited stock options in recent years to help the company thrive. We don't do cookie-cutter. I am incredibly proud of the Aritzia teams execution on our strategies and remarkable resilience during this past year. Saved by a strong performance in economics, Hill graduated in that faculty, then returned to Vancouver to open the first Aritzia in Oakridge Centre in 1984. Were here to help. Get brilliantly crafted emails from Aritzia on sales, new arrivals and all things Everyday Luxury. 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. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. 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. A few decades later, that idea hasnt changed. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. 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. [2] Upon graduation, Hill moved back home to Vancouver. 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. Message frequency varies. No credit card required. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. Yet Hill is still on the verge of becoming a billionaire, based on the value of hisshares. As of this writing, the shares are trading at $35.10. A Division of NBCUniversal. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. Or call us anytime to get styling help, to track down an item or just to sayhi. In addition, it sells its products through online at aritzia.com. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. You can book a personal shopping appointment right now in any of our boutiques. Founder and Executive Chair of Aritzia. "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.". Going forward, he says he's not worried, and expects meaningful growth post-pandemic. 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 Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Don't worry, you can unsubscribe from our mailing list at any time. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Start your day with Sunrise, a roundup of B.C. Securities Act) or any state securities laws. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. 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). If you need more lookups, subscriptions start at $39 USD/month. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. 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. 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. Message and data rates may apply. cozy fleece perfect hi-rise 3" sweatshort. Thank you for your patience as we work towards bringing this back. Prince Harry, the Duke of Sussex, made the announcement at the closing of the games in the Netherlands. 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. 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. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. 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 says net revenue in its fourth quarter came in at $444.3 million, up from $267.5 million for the same quarter last year. We like getting to know you. 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. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . Aritzia today also released fourth-quarter and fiscal 2022 financial data, for the period that ended February 27. When he owned 100 per cent of the company, in order to expand he would have had to put the entire enterprise on the line, and after 25 years, he says, he wasnt prepared to risk his lifes work. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. We want to hear from you. Wong got her start as a part-time sales associate in 1987. Your browser's Javascript functionality is turned off. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. It's why our clothes look and feel sogood. [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. The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. Please try again. EXCELLENCEWe relentlessly pursue world-class results. (It's kind of why we're here.). Brian Hill, who founded the company in 1984, will be succeeded by Jennifer Wong. Hills annual base salary and annual bonus have been set $1 each since the IPO. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . Hill owns 100% of the multiple voting shares. 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. Please turn it on so that you can experience the full capabilities of this site. 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. Founder of Aritzia, Inc. and Aritzia LP, Brian Hill holds the position of Executive Chairman for Aritzia, Inc. and Chief Executive Officer for Aritzia LP (a subsidiary of Aritzia, Inc.). he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. 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. Loud music, hip interior design, youthful sales clerks and crowds of well-dressed teens riffle through the racks. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. All Rights Reserved. He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. Eclectic playlists curated by our in-house music director. Aritzias head office is located at 611 Alexander St., Suite 118, Vancouver, BC, Canada, V6A 1E1. Nina Westervelt | Bloomberg | Getty Images. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. Prior to that, he was the news editor. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Or call us anytime to get styling help, to track down an item or just to sayhi. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. It sells its products through online at aritzia.com he also forfeited stock options in recent to. 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