Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. As climate change drives ever-worse wildfires in B.C., land is left unable to withstand heavy rains and snowmelts. You can book a personal shopping appointment right now in any of our boutiques. Start planning for your weekend with expert recommendations from our team of writers on what to cook, where to dine, and the perfect wine pairing delivered straight to your inbox on Thursday at noon. 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.''. Comments are welcome while open. As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. [5] Aritzia is a sponsor and advocate of the organization. A Division of NBCUniversal. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. Even our shopping bags serve as a canvas for creativeexpression. Aritzia today also released fourth-quarter and fiscal 2022 financial data, for the period that ended February 27. 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 Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. He founded the company in 1984 and has been its CEO since then. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. 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). All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com. 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. No credit card required. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. 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. Now, a public Company and household name with over 100 stores across North America and a global eCommerce platform, Aritzia continues to serve Everyday Luxury to communities near andfar. A few decades later, that idea hasnt changed. Read more about cookies here. I am incredibly proud of the Aritzia teams execution on our strategies and remarkable resilience during this past year. Not the Brian Hill you were looking for? This has positively impacted more than 445,000women. The Vancouver-based company, which went public in. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. In addition, it sells its products through online at aritzia.com. 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. It's why we search out the best mills and factories around the world. Nina Westervelt | Bloomberg | Getty Images. 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. 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. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. 27. place. It is evident that our tremendous success is a result of Jennifers contributions. Aritzia CEO Brian Hill steps down after leading retailer for 38 years | CBC News Loaded. Since 2016, he's only collected a $1 annual salary and $1 annual bonusas the boss of Aritzia Inc., which was launched in 1984. 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. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. [2] Upon graduation, Hill moved back home to Vancouver. 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. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. 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. 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. As a group, they are united by an effortless appeal, a focus on fit and an of-the-moment point of view. Brian Hill is Chairman at Aritzia Inc. See Brian Hill's compensation, career history, education, & memberships. Remains Aritzia's largest shareholder with approximately 18.7% equity interest . Just Dropped: Episode 1 of Sunday Musing with Emma. 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.). 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 management information circular states that he also has more than $2.5 million in the value of unexercised stock options. 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. Founder and Executive Chair of Aritzia. We encountered an issue signing you up. Remains Aritzia's largest shareholder with approximately 20% equity interest. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. Create an account or sign in to continue with your reading experience. Why Did Brian Hill Create Aritzia? Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. The first, of course, is Lululemon. Under his leadership, Aritzia has become one of the most successful fashion retailers in North America. A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. And we really like helping you zero in on your personal style. The soundtrack in our boutiques? "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. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. "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. Apr 2014 - Mar 20162 years. He is a Canadian businessman and entrepreneur. Aritzia currently has 85,082,023 subordinate voting shares and 24,978,049 multiple voting shares. We conceive, create, develop and retail fashion brands, each with its own vision and distinct aesthetic point of view and all with a depth of design and quality that provide compelling value. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. 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. There are 5 older and 5 younger executives at Aritzia. They've rocketed up 40 percent from the start of this year. The company offers its products under the Wilfred, Babaton and TNA brands. As the Chairman of the Board and Chief Executive Officer of Aritzia, the total compensation of Brian Hill at Aritzia is CAD$8,402. We reserve the right to close comments at any time. Pursuant to the Offering, the Selling Shareholders will be selling a total of 3,040,700 Shares (assuming no exercise of the over-allotment option). [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. 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. 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 Environmental and Social Committee, Chair. [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 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). He is intimately involved in all aspects of our business. 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. We fill our boutiques with original paintings, sculpture and prints. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. [1] The leadership change comes as the Vancouver-based company is expanding into the United States. 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. There was an error, please provide a valid email address. Or call us anytime to get styling help, to track down an item or just to sayhi. 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. [6] Brian and Andrea support the BC Children's Hospital Foundation and the Vancouver Art Gallery.[5]. It's why our clothes look and feel sogood. Securities Act) or any state securities laws. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. 604-215-6557 Aritzias head office is located at 611 Alexander St., Suite 118, Vancouver, BC, Canada, V6A 1E1. Learn more about us and our exclusive brands. Don't worry, you can unsubscribe from our mailing list at any time. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. All Rights Reserved. The change in leadership comes as Aritzia continues its expansion into the US. [2] Brian worked at his father's retail store through his adolescence, often doing simple maintenance tasks, such as folding, and window washing. 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. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. (It's kind of why we're here.). Postmedia may earn an affiliate commission from purchases made through links on this page. If you don't see it, please check your junk folder. Big news: We now ship to more than 220 countries. 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. Pseudonyms will no longer be permitted. 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. And we really like helping you zero in on your personal style. museum's iconic woolly mammoth gets splashed with paint. The idea was simple: offer beautiful clothes in aspirational . Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Following the Offering, Mr. Hill will remain the Companys largest shareholder with an approximately 20% equity interest. Or call us anytime to get styling help, to track down an item or just to sayhi. [2]. He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. This has positively impacted more than 445,000women. Insider info on sales, new arrivals and more good stuff. We ask you to keep your comments relevant and respectful. Prince Harry, the Duke of Sussex, made the announcement at the closing of the games in the Netherlands. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. 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