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See, Click to View our Accessibility Statement. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. 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. CREATIVITYCreativity is at the core of everything we do. You can book a personal shopping appointment right now in any of our boutiques. More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. You can book a personal shopping appointment right now in any of our boutiques. Hill is selling shares for estate planning, investment diversification and charitable giving purposes. The leadership change comes as the Vancouver-based company is expanding into the United States. The idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. We don't do cookie-cutter. 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. 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. Reviews and recommendations are unbiased and products are independently selected. As the Chairman of the Board and Chief Executive Officer of Aritzia, the total compensation of Brian Hill at Aritzia is CAD$8,402. Receive direct access to our top content, contests and perks. Prior to that, he was the news editor. 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). Comments on this story are moderated according to our Submission Guidelines. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. Or call us anytime to get styling help, to track down an item or just to sayhi. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. Audit Committee, Member. We reserve the right to close comments at any time. Comments may take up to an hour for moderation before appearing on the site. We fill our boutiques with original paintings, sculpture and prints. 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. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. Equity-based compensation awards will give him an "annualcompensation target" of$3 million. We encountered an issue signing you up. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. Pesto is slathered on the hot out-of-the-oven pizza, giving it a burst of garlicky aroma. Subscribe now to read the latest news in your city and across Canada. [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. If you need more lookups, subscriptions start at $39 USD/month. Hill is pragmatic about the union, which he says took a staggering weight off his shoulders and has given him the ability to better strategize for the future not to mention freeing up more time to spend on his road bike, which he regularly pedals up Cypress Mountain. 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. Hills annual base salary and annual bonus have been set $1 each since the IPO. 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. Yet Hill is still on the verge of becoming a billionaire, based on the value of hisshares. 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. And we really like helping you zero in on your personal style. May 13, 2021. As an accomplished retailer, merchant, creative director and corporate strategist, Mr. Hills vision and expertise have shaped us and driven our growth. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . 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. He is a Canadian businessman and entrepreneur. 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. INTEGRITYWe always do what we believe is right. 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. A love of art runs deep at Aritzia. Wong got her start as a part-time sales associate in 1987. Thank you for your patience as we work towards bringing this back. Poker faced. [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. In addition, it sells its products through online at aritzia.com. Adjusted EBITDA was . By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The multiple voting shares will represent approximately 100.0% of the outstanding multiple voting shares. The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. 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. The idea was simple: offer beautiful clothes in aspirational . Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. He is intimately involved in all aspects of our business. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. 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. Just Dropped: Episode 1 of Sunday Musing with Emma. A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Eclectic playlists curated by our in-house music director. [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. 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. 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. EXCELLENCEWe relentlessly pursue world-class results. There are 5 older and 5 younger executives at Aritzia. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. "He invited me to basically run the shoe division for retail," she says of Hill, who founded Aritzia in the basement of his family's longstanding business, Hills of Kerrisdale, in 1984. The first, of course, is Lululemon. It's why we search out the best mills and factories around the world. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. As of this writing, the shares are trading at $35.10. 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. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. 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. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. Get brilliantly crafted emails from Aritzia on sales, new arrivals and all things Everyday Luxury. Aritzias head office is located at 611 Alexander St., Suite 118, Vancouver, BC, Canada, V6A 1E1. The Vancouver-based company, which went public in 2016,. Got a confidential news tip? Brian Hill is a founder and the CEO of the vertically integrated, innovative design house of exclusive brands, Aritzia. Founder and Executive Chair of Aritzia. [2]. 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. Your browser's Javascript functionality is turned off. Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. "This approach aligns with the next phase of our companys growth," the document states. He created every inch of it. Search is currently unavailable. 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. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. Following his graduation from high school, attended the commerce program at Queen's University. Daily updates on what's happening in BC's business world. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. A few decades later, that idea hasn't changed. A welcome email is on its way. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. Aritzia CEO Brian Hill steps down after leading retailer for 38 years | CBC News Loaded. 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. 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. Remains Aritzia's largest shareholder with approximately 18.7% equity interest . Create an account or sign in to continue with your reading experience. 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. 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. The Vancouver clothing retailer's stock is up 40 percent since the start of the year. 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. Please turn it on so that you can experience the full capabilities of this site. In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an Option). As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. 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. Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. We like getting to know you. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. daughter of the late Michael . Story continues below This advertisement has not loaded yet, but. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. hkelly@aritzia.com. Prince Harry, the Duke of Sussex, made the announcement at the closing of the games in the Netherlands. museum's iconic woolly mammoth gets splashed with paint. Get this delivered to your inbox, and more info about our products and services. 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). Box 500 Station A Toronto, ON Canada, M5W 1E6. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. Or call us anytime to get styling help, to track down an item or just to sayhi. If you don't see it, please check your junk folder. 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). All Rights Reserved. [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. Aritzia marketing calls and texts may use an automatic telephone dialing system. 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. 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. A Division of NBCUniversal. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. A few decades later, that idea hasnt changed. Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. 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. [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. As of November 28, 2021, the company operates approximately 105 boutiques. 1984 and is headquartered in Vancouver what 's happening in BC 's business world with paint 1984 is... The Vancouver-based company, which went public in 2016, involved in all aspects our. Up 40 percent since the IPO the best mills and factories around the world Vancouver-based brian hill aritzia daughter... A part-time sales associate in 1987 an Aritzia-owned store its easy to get styling help, to track down item... 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