The leadership change comes as the Vancouver-based company is expanding into the United States. Insider info on sales, new arrivals and more good stuff. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. 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. Following his graduation from high school, attended the commerce program at Queen's University. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. David Labistour. daughter of the late Michael . Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. Last updated: 1 March 2023 at 11:00am EST. 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. Rather he's charging forward with a major expansion, including a number of stateside openings. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. I am incredibly proud of the Aritzia teams execution on our strategies and remarkable resilience during this past year. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Equity-based compensation awards will give him an "annualcompensation target" of$3 million. Who we are is reflected in our values. In December 2005, Aritzia announced a new partnership with Boston-based investment house Berkshire Partners, which assumed 63 per cent ownership. 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. Unauthorized distribution, transmission or republication strictly prohibited. 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). Mr. Hill will continue to hold 220,913 Options following closing of the Offering. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. May 13, 2021. 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. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. It's why we search out the best mills and factories around the world. 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. 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. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. A 17-year-old male student was arrested by police and later released at the scene to his guardian, said RCMP. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Please note that CBC does not endorse the opinions expressed in comments. 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. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. 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. INTEGRITYWe always do what we believe is right. Don't worry, you can unsubscribe from our mailing list at any time. 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. 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. It's why our clothes look and feel sogood. On this Wikipedia the language links are at the top of the page across from the article title. We fill our boutiques with original paintings, sculpture and prints. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. museum's iconic woolly mammoth gets splashed with paint. A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. The idea was simple: offer beautiful clothes in aspirational . The first, of course, is Lululemon. Get the good stuff, right to your inbox. He attributes that accomplishment to the economic immunity of his 15-to-30-year-old target market. Follow us on Spotify to hear what we'replaying. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. 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. Please turn it on so that you can experience the full capabilities of this site. Brian Hill sells shares for estate planning, investment diversifica All Rights Reserved. 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. 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. Remains Aritzia's largest shareholder with approximately 20% equity interest. The change in leadership comes as Aritzia continues its expansion into the US. We want to hear from you. 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. Who we are is reflected in our values. John Montalbano. Irene Nattel of RBC Dominion Securities said in a note to clients that the results were strong and better than expected with an "outstanding performance in the U.S. where the brand continues to build momentum.''. Eclectic playlists curated by our in-house music director. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. [2] After poor grades caused him to be kicked out of the faculty of commerce, he graduated from the faculty of economics. (It's kind of why we're here.). We sweat the small stuff. 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. [2]. Got a confidential news tip? 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. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. For more information: [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. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. "This approach aligns with the next phase of our companys growth," the document states. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. Chairman of the Board. 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. The Vancouver-based company, which went public in. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. . We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. Unconfirmed subscriptions will be removed within 24 hours. 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. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares, Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. Just Dropped: Episode 1 of Sunday Musing with Emma. 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. Aritzia is an innovative design house and fashion boutique. 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. 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. 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. As a group, they are united by an effortless appeal, a focus on fit and an of-the-moment point of view. Just Dropped: Episode 1 of Sunday Musing with Emma. 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. Get this delivered to your inbox, and more info about our products and services. |, Don't worry, you can opt out any time. 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. Arnault tightens family grip on LVMH as daughter becomes Dior CEO: RE. In addition, it sells its products through online at aritzia.com. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. The company offers its products under the Wilfred, Babaton and TNA brands. Please confirm your subscription. [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. Interested? We don't do cookie-cutter. 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. 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. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. 01/10: Circles: Another Bayer investor wants to split up - share price rises . "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. Wong got her start as a part-time sales associate in 1987. The Vancouver clothing retailer's stock is up 40 percent since the start of the year. 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. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. Pseudonyms will no longer be permitted. A few decades later, that idea hasnt changed. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The retailer made $444.3 million in its fourth quarter, up from $267.5 million last year, and its US revenue increased by 108.8% to $216.8 million. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. Learn more about us and our exclusive brands. Comments are welcome while open. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. Aritzia executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an Option). He also forfeited stock options in recent years to help the company thrive. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. Aritzia marketing calls and texts may use an automatic telephone dialing system. Net income was reported as $34.2 million, up 113% from the $16.1 million a year earlier. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. He is a Canadian businessman and entrepreneur. Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. Brian Hill Founder & Executive Chair Vancouver, British Columbia, Canada 1K followers 96 connections Join to connect Aritzia Company Website Experience Founder & Executive Chair Aritzia 1984. Box 500 Station A Toronto, ON Canada, M5W 1E6. Brian Hill biography. [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. 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. Under his leadership, Aritzia has become one of the most successful fashion retailers in North America. 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. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. He founded the company in 1984 and has been its CEO since then. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. 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. [5] Aritzia is a sponsor and advocate of the organization. He created every inch of it. But we did it because we couldnt find what we wanted in the marketplace, says Hill. Vice President, Investor Relations With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Adjusted EBITDA was . 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. Insider info on sales, new arrivals and more good stuff. [3] In order to fill this gap in the market, Hill felt that it was necessary to develop in-house brands that could deliver what was not already available to consumers, the six private brands: Wilfred, TNA, Talula, Sunday Best, Community and Babaton accompanied by their two accessory brands SIXELEVEN and Auxiliary are responsible for 80% of the company's sales. He understands todays young consumer is looking for more than a skirt or pants they want a full lifestyle experience when theyre still in the store. EXCELLENCEWe relentlessly pursue world-class results. The multiple voting shares will represent approximately 100.0% of the outstanding multiple voting shares. 604-215-6557 We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. The 290 basis point improvement was primarily driven by leverage from increased revenue. Our chairs in Aritzias sun-drenched boardroom in the U.S. with retail stores, along with ecommerce growth as... Uphold our tenets of Everyday Luxury and TNA brands was reported as $ 34.2 million up... Up 113 per cent from the $ 16.1 million a year earlier sales new. 38 years not endorse the opinions expressed in comments family grip on LVMH as daughter Dior. 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