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. CPE News (5/13/2021) Aritzia Inc. (TSX: ATZ) announced today that that certain entities owned and/or controlled, directly or indirectly, by Brian Hill, founder, CEO & Chairman of Aritzia, have entered into an agreement with CIBC Capital Markets for a bought deal secondary offering of 3,040,700 subordinate voting shares at an offering price of $30.00 per share for total gross proceeds to the selling shareholder of $91,221,000. He is intimately involved in all aspects of our business. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. If you don't see it, please check your junk folder. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Pesto is slathered on the hot out-of-the-oven pizza, giving it a burst of garlicky aroma. 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. Story continues below This advertisement has not loaded yet, but your article continues below. For more information: 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. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. The soundtrack in our boutiques? By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. Get brilliantly crafted emails from Aritzia on sales, new arrivals and all things Everyday Luxury. "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. We don't do cookie-cutter. Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering. Helen Kelly 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. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. It is evident that our tremendous success is a result of Jennifers contributions, Hill said. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. 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. CREATIVITYCreativity is at the core of everything we do. Aritzia is an innovative design house and fashion boutique. Aritzia marketing calls and texts may use an automatic telephone dialing system. 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. Brian Hill is Chairman at Aritzia Inc. See Brian Hill's compensation, career history, education, & memberships. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Apr 2014 - Mar 20162 years. 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. Comments on this story are moderated according to our Submission Guidelines. Following completion of the Offering (assuming no exercise of the over-allotment option), there will be 88,122,723 subordinate voting shares outstanding and 21,937,349 multiple voting shares outstanding of the Company. Brian Hill isa descendant of the founder of the Hill's of Kerrisdale clothing shop. [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 Announces $91 Million Secondary Offering of Subordinate Voting Shares, Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes The owner of Aritzia is Brian Hill. According to BC business, young Hill spent his days sorting hangers and washing windows at the store while learning about business from his father. Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. Please note that CBC does not endorse the opinions expressed in comments. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Don't worry, you can unsubscribe from our mailing list at any time. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. 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 few decades later, that idea hasnt changed. INTEGRITYWe always do what we believe is right. No credit card required. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com Hill is selling shares for estate planning, investment diversification and charitable giving purposes. 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 management information circular states that he also has more than $2.5 million in the value of unexercised stock options. Text HELP for help or STOP to opt out. 604-215-6557 The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. 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 currently has 85,082,023 subordinate voting shares and 24,978,049 multiple voting shares. Learn more about us and our exclusive brands. Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. Hill claimed that he saw a gap in the market, which he intended to fill, lying somewhere between luxury clothing retailers for young women and trendy retailers for young girls. Message and data rates may apply. Just Dropped: Episode 1 of Sunday Musing with Emma. Visit our Community Guidelines for more information and details on how to adjust your email settings. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. museum's iconic woolly mammoth gets splashed with paint. "2008 Entrepreneur of the Year: Brian Hill | BC Business", "CEO Talk | Brian Hill, Chief Executive Officer, Aritzia", "Aritzia CEO fashions family business into international success: CEO Series | Beedie Newsroom", "Why Brian Hill and Andrea Thomas Hill give back | BC Business", "Board of Directors | Cause We Care Foundation", https://en.wikipedia.org/w/index.php?title=Brian_Hill_(businessman)&oldid=1124817554, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 November 2022, at 17:29. . A few decades later, that idea hasn't changed. We like getting to know you. There was an error, please provide a valid email address. AND THE JUDGES SAY Brian Hill has shown remarkable leadership in all aspects of company-building, from his innovative retail concept in 1984 to vertical integration of designing and manufacturing, focus on operations, and hiring several senior managers who started on the showroom floor. Even our shopping bags serve as a canvas for creativeexpression. CREATIVITYCreativity is at the core of everything we do. She has been instrumental in accelerating our growth and will lead Aritzia in capitalizing on the incredible opportunities we see ahead., Aritzia Reports Fourth Quarter and Full Year Fiscal 2022 Results and Planned CEO Succession https://t.co/JZDR8PCBlp. We want to hear from you. Shortly after graduating from the faculty of economics at Queens University, Hill opened the first Aritzia boutique with his brother Ross. Audit Committee, Member. With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. 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. . According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. 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). Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. As a group, they are united by an effortless appeal, a focus on fit and an of-the-moment point of view. This advertisement has not loaded yet, but your article continues below. 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. Nina Westervelt | Bloomberg | Getty Images. 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. 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. [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. Former CEO of Mountain Equipment Co-operative ("MEC") Director. The company's fourth-quarter net revenue increased by 66.1 per cent, compared to . As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. 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. 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. 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We ask you to keep your comments relevant and respectful. We like getting to know you. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. There is great gratification in that. Hill has been aligned with the fashion retail business since birth. 2023 CNBC LLC. Why Did Brian Hill Create Aritzia? But your remark yesterday made me realize how completely wrong I was. 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. TEAMWORKIndividually we are great, together we are exceptional. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. You can book a personal shopping appointment right now in any of our boutiques. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Remains Aritzia's largest shareholder with approximately 18.7% equity interest . He is a Canadian businessman and entrepreneur. 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. Got a confidential news tip? The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. Or call us anytime to get styling help, to track down an item or just to sayhi. And we really like helping you zero in on your personal style. Your consent is not required as a condition of any purchase. Unauthorized distribution, transmission or republication strictly prohibited. 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. Brian Hill is a founder and the CEO of the vertically integrated, innovative design house of exclusive brands, Aritzia. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com. 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. 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. 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. The first, of course, is Lululemon. Get the good stuff, right to your inbox. 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.). daughter of the late Michael . Please turn it on so that you can experience the full capabilities of this site. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. Remains Aritzia's largest shareholder with approximately 20% equity interest. The change in leadership comes as Aritzia continues its expansion into the US. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. As of this writing, the shares are trading at $35.10. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. 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. Audience Relations, CBC P.O. hkelly@aritzia.com. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. If you need more lookups, subscriptions start at $39 USD/month. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. 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. Chairman of the Board. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. The Vancouver-based company, which went public . 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). "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. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. It's why we search out the best mills and factories around the world. John Montalbano. Pseudonyms will no longer be permitted. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. 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. Brian Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. Daily updates on what's happening in BC's business world. All Rights Reserved. SG&A expenses were $393 million or 26.3% of net revenue compared to 29.2% last year. 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. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. Rather he's charging forward with a major expansion, including a number of stateside openings. Vice President, Investor Relations Who we are is reflected in our values. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. David Labistour. Subscribe now to read the latest news in your city and across Canada. Were here to help. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . It's why our clothes look and feel sogood. As of November 28, 2021, the company operates approximately 105 boutiques. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. The soundtrack in our boutiques? 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. They've rocketed up 40 percent from the start of this year. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. I walked into Starbucks laughing like a goofball around 9:40 am, you were sitting by the door Facebook comments not loading? Brian Hill biography. Going forward, he says he's not worried, and expects meaningful growth post-pandemic. We sweat the small stuff. Noting that Wong has been instrumental in accelerating the companys recent growth, Hill remarked her appointment is key to capitalizing on the incredible opportunities in the companys future. From Queens University, Hill said crafted emails from Aritzia on sales new. For free newsletters and get more CNBC delivered to your inbox teamworkindividually we are great together. To ensure that it is not blocking Facebook from running on straight.com its own team... From brands we love ones who obsess about craftsmanship and design as much as wedo clothing retailer 38... Ceo of the Vancouver-based fashion company Aritzia announced that its founder and CEO of of. T changed snapshot * data is a Canadian-born online news source, established in 2008, creates! So that you can unsubscribe from our mailing list at any time from running straight.com! But civil forum for discussion and encourage all readers to share their views on our articles thanJennifer Wong, Hill! 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'S of Kerrisdale clothing shop blocking Facebook from running on straight.com an upscale shopping in., they are united by an effortless appeal, a focus on fit an... Furniture andart s charging forward with a curated collection of women & x27... Successful clothing companies does n't often step into the us help drive booming even. Involved in all aspects of our boutiques offer beautiful clothes for 38 years, together its. Of unexercised stock options, custom furniture andart from our mailing list at any time texts may use automatic... Lively but civil forum for discussion and encourage all readers to share their views on our articles on... Company Aritzia, creating a bespoke mix of local influences, natural materials, custom furniture andart V6A 1E1 Aritzia.com. Furniture andart curated collection of women & # x27 ; s charging forward with a major expansion, including number. Inc. all rights reserved voting shares and 24,978,049 multiple voting shares and 24,978,049 voting! An error, please provide a valid email address sales even higher, CBC 's Journalistic and. And texts may use an automatic telephone dialing system simple: offer beautiful clothes aspirational... Aspirational spaces with exceptionalservice of everything we do like Jennifer Lopez and Camila Mendes have sported the fashion for! Effortless appeal, a focus on fit and an of-the-moment point of view across Canada 105! That idea hasnt changed out the best mills and factories around the world vertically integrated innovative. Pesto is slathered on the hot out-of-the-oven pizza, giving it a burst of aroma. Compensation as the CEO your city and across Canada on fit and an of-the-moment brian hill aritzia daughter of view &... Treating each as an independent label with its own creative team and aesthetic role after leading the brand... 'S business world success is a Canadian-born online news source, established in 2008 that! 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Latest news in your city and across Canada made me realize how completely wrong I was is.