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 Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. 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. 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. 2023 CNBC LLC. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an Option). [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. See, Click to View our Accessibility Statement. 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. Founder and Executive Chair of Aritzia. 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. 8 min read Aritzia Inc. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Remains Aritzia's. I walked into Starbucks laughing like a goofball around 9:40 am, you were sitting by the door Facebook comments not loading? Wong got her start as a part-time sales associate in 1987. Your browser's Javascript functionality is turned off. But your remark yesterday made me realize how completely wrong I was. Hills annual base salary and annual bonus have been set $1 each since the IPO. Loud music, hip interior design, youthful sales clerks and crowds of well-dressed teens riffle through the racks. More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. 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. 01/10: Circles: Another Bayer investor wants to split up - share price rises . 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 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. Shortly after graduating from the faculty of economics at Queens University, Hill opened the first Aritzia boutique with his brother Ross. 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. Please turn it on so that you can experience the full capabilities of this site. The leadership change comes as the Vancouver-based company is expanding into the United States. Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. Pseudonyms will no longer be permitted. Aritzia CEO Brian Hill steps down after leading retailer for 38 years | CBC News Loaded. 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. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. Its a far cry from the upscale department store environment in which Hill got his start, but its a world he knows well. Remains Aritzia's largest shareholder with approximately 20% equity interest. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. INTEGRITYWe always do what we believe is right. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. 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. 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. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. NOT FOR . 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 is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. A few decades later, that idea hasnt changed. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. Who we are is reflected in our values. As an accomplished retailer, merchant, creative director and corporate strategist, Mr. Hills vision and expertise have shaped us and driven our growth. Or call us anytime to get styling help, to track down an item or just to sayhi. There was an error, please provide a valid email address. 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. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. All Rights Reserved. Should traffic fines in B.C. 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. 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. Apr 2014 - Mar 20162 years. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. Message frequency varies. And we really like helping you zero in on your personal style. 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. SG&A expenses were $393 million or 26.3% of net revenue compared to 29.2% last year. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. In addition, it sells its products through online at aritzia.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. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com It is evident that our tremendous success is a result of Jennifers contributions, Hill said. Aritzias head office is located at 611 Alexander St., Suite 118, Vancouver, BC, Canada, V6A 1E1. Brian Hill, who founded the company in 1984, will be succeeded by Jennifer Wong. . 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 -. David Labistour. Aritzias net revenue growth has increased more than 66 per cent from last year, according to the release. 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. In December 2005, Aritzia announced a new partnership with Boston-based investment house Berkshire Partners, which assumed 63 per cent ownership. Even our shopping bags serve as a canvas for creativeexpression. [3] American cities with Aritzia locations include Seattle, San Francisco, Los Angeles, Chicago, Boston and New York. 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. 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. 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 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. 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. 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. 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. [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. Audience Relations, CBC P.O. Hill will remain Aritzias largest shareholder with approximately 20% equity interest and 71% voting power. [2] Upon graduation, Hill moved back home to Vancouver. 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. TEAMWORKIndividually we are great, together we are exceptional. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzia's CEO, Brian Hill, had other ideas. TEAMWORKIndividually we are great, together we are exceptional. A welcome email is on its way. 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). 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. There are 5 older and 5 younger executives at Aritzia. The proceeds from the Offering are intended for estate planning, investment diversification and charitable giving purposes (including through the ARON Charitable Foundation, the Hill familys charitable foundation). Want good news asap? When search suggestions are available use up and down arrows to review and enter to select. Just Dropped: Episode 1 of Sunday Musing with Emma. It's why we consider (and reconsider) every last seam, pleat and button. This advertisement has not loaded yet, but your article continues below. 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. 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. Your browser's Javascript functionality is turned off. On this Wikipedia the language links are at the top of the page across from the article title. We reserve the right to close comments at any time. Hill owns 100% of the multiple voting shares. We sweat the small stuff. Don't worry, you can unsubscribe from our mailing list at any time. Thank you for your patience as we work towards bringing this back. 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. 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. Insider info on sales, new arrivals and more good stuff. The change in leadership comes as Aritzia continues its expansion into the US. Comments may take up to an hour for moderation before appearing on the site. Follow us on Spotify to hear what we'replaying. Create an account or sign in to continue with your reading experience. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. Calls may be live or prerecorded. 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. You can book a personal shopping appointment right now in any of our boutiques. Prior to that, he was the news editor. 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. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. No credit card required. We like getting to know you. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. No securities regulatory authority has either approved or disapproved of the contents of this news release. hkelly@aritzia.com. Support us by subscribing today: The Vancouver Sun | The Province. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. 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.''. Rather hes charging forward with a major expansion, including a number of stateside openings. 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 idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. 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. As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. Why Did Brian Hill Create Aritzia? Copyright 2023 Buzz Connected Media Inc. Jennifer Wong, said Hill in a statement. "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. 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. A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. 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