Prior to that, he was the news editor. [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. All Rights Reserved. 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. This advertisement has not loaded yet, but your article continues below. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. As an accomplished retailer, merchant, creative director and corporate strategist, Mr. Hills vision and expertise have shaped us and driven our growth. The first, of course, is Lululemon. He is intimately involved in all aspects of our business. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. As of this writing, the shares are trading at $35.10. It's why our clothes look and feel sogood. There was an error, please provide a valid email address. "It also ensures further alignment of Mr. Hills interests to those of our shareholders, while being designed to reward substantial and sustained stock price growth.". Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. Eclectic playlists curated by our in-house music director. This has positively impacted more than 445,000women. More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. CREATIVITYCreativity is at the core of everything we do. As the Chairman of the Board and Chief Executive Officer of Aritzia, the total compensation of Brian Hill at Aritzia is CAD$8,402. The next issue of West Coast Table will soon be in your inbox. Want good news asap? [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. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. Comments may take up to an hour for moderation before appearing on the site. 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 welcome email is on its way. Hills annual base salary and annual bonus have been set $1 each since the IPO. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Story continues below This advertisement has not loaded yet, but. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . Brian Hill sells shares for estate planning, investment diversifica And we really like helping you zero in on your personal style. 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. "This approach aligns with the next phase of our companys growth," the document states. Hill owns 100% of the multiple voting shares. 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. 8 min read Aritzia Inc. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Remains Aritzia's. 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. 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). 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. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. Even our shopping bags serve as a canvas for creativeexpression. When search suggestions are available use up and down arrows to review and enter to select. 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 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. He attributes that accomplishment to the economic immunity of his 15-to-30-year-old target market. 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. Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. 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. Net income was reported as $34.2 million, up 113% from the $16.1 million a year earlier. INTEGRITYWe always do what we believe is right. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. We were past this. 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. 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.). Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. For more information: We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. On this Wikipedia the language links are at the top of the page across from the article title. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. NOT FOR DISTRIBUTION IN THE UNITED STATES. TEAMWORKIndividually we are great, together we are exceptional. A love of art runs deep at Aritzia. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. INTEGRITYWe always do what we believe is right. Got a confidential news tip? Please note that CBC does not endorse the opinions expressed in comments. It's why we consider (and reconsider) every last seam, pleat and button. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. Brian Hill biography. 01/10: Circles: Another Bayer investor wants to split up - share price rises . Comments are welcome while open. As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. There is great gratification in that. Hill has been aligned with the fashion retail business since birth. Or call us anytime to get styling help, to track down an item or just to sayhi. VANCOUVER - Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 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. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Environmental and Social Committee, Chair. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. The management information circular states that he also has more than $2.5 million in the value of unexercised stock options. 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. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. We apologize, but this video has failed to load. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an Option). Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares, Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Insider info on sales, new arrivals and more good stuff. 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. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. [6] Brian and Andrea support the BC Children's Hospital Foundation and the Vancouver Art Gallery.[5]. They've rocketed up 40 percent from the start of this year. Follow us on Spotify to hear what we'replaying. . Charlie Smith was editor of the Georgia Straight from 2005 until September 2022. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. [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. 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. CREATIVITYCreativity is at the core of everything we do. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Your browser's Javascript functionality is turned off. Unconfirmed subscriptions will be removed within 24 hours. 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. |, Don't worry, you can opt out any time. We encountered an issue signing you up. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. 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. 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. The multiple voting shares will represent approximately 100.0% of the outstanding multiple voting shares. Just Dropped: Episode 1 of Sunday Musing with Emma. Remains Aritzia's largest shareholder with approximately 18.7% equity interest . Get the good stuff, right to your inbox. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. Last updated: 1 March 2023 at 11:00am EST. 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). Vice President, Investor Relations Helen Kelly David Labistour. This has positively impacted more than 445,000women. 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. Story continues below This advertisement has not loaded yet, but your article continues below. Subscribe now to read the latest news in your city and across Canada. A few decades later, that idea hasnt changed. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. [2] Upon graduation, Hill moved back home to Vancouver. Who we are is reflected in our values. I walked into Starbucks laughing like a goofball around 9:40 am, you were sitting by the door Facebook comments not loading? NOT FOR . It's why our clothes look and feel sogood. We ask you to keep your comments relevant and respectful. The Vancouver-based company, which went public . Chairman of the Board. [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. Get this delivered to your inbox, and more info about our products and services. 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. 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. And we really like helping you zero in on your personal style. We don't do cookie-cutter. 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. 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, who founded the company in 1984, will be succeeded by Jennifer Wong. There are 5 older and 5 younger executives at Aritzia. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. 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. Please try again. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. If you don't see it, please check your junk folder. We don't do cookie-cutter. (It's kind of why we're here.). 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. Former CEO of Mountain Equipment Co-operative ("MEC") Director. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. The idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. Follow us on Spotify to hear what we'replaying. The change in leadership comes as Aritzia continues its expansion into the US. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. Questions? The soundtrack in our boutiques? 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. Or call us anytime to get styling help, to track down an item or just to sayhi. Going forward, he says he's not worried, and expects meaningful growth post-pandemic. Its turned out to be one of the most influential purchasing and affluent demographics. There is something cagey about Hill. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. 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. Comments on this story are moderated according to our Submission Guidelines. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. [2] Brian worked at his father's retail store through his adolescence, often doing simple maintenance tasks, such as folding, and window washing. 2023 CNBC LLC. Loud music, hip interior design, youthful sales clerks and crowds of well-dressed teens riffle through the racks. It is evident that our tremendous success is a result of Jennifers contributions. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. hkelly@aritzia.com. If you are a Home delivery print subscriber, unlimited online access is. 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. For just $3.50 per week, you can get unlimited, ad-lite access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites. Not the Brian Hill you were looking for? Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. Aritzia currently has 85,082,023 subordinate voting shares and 24,978,049 multiple voting shares. Aritzia is an innovative design house and fashion boutique. 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. It gave me some financial security and it allowed Aritzia to go back to running an offensive business, versus running a business that was in capital-preservation mode, he explains. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. May 13, 2021. Aritzia marketing calls and texts may use an automatic telephone dialing system. Were here to help. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. John Montalbano. 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. Postmedia may earn an affiliate commission from purchases made through links on this page. 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 founder and the CEO of the vertically integrated, innovative design house of exclusive brands, Aritzia. Even our shopping bags serve as a canvas for creativeexpression. Support us by subscribing today: The Vancouver Sun | The Province. The Selling Shareholders have granted the Underwriter an over-allotment option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 10% of the Offering to cover over-allotments, if any, and for market stabilization purposes. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. The idea was simple: offer beautiful clothes in aspirational . 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. Wong joined Aritzia as a sales associate in 1987, working at the brands boutique on Robson Street. . We like getting to know you. Message frequency varies. |, Click to View our Accessibility Statement. Who we are is reflected in our values. 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. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. 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. 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. Vancouver Sun | the Province to help drive booming sales even higher, CBC 's Journalistic Standards and.. By continuing to use our site, you can unsubscribe from our mailing list at any time writing, shares. Revenue growth increased by 66.1 % compared to the companys long-term success, said Hill in a.. 5 older and 5 younger executives at Aritzia getting paid more, with JedPaulson having the compensation... We apologize, but your article continues below this advertisement has not loaded yet, your! 'S been the Chairman of the vertically integrated, innovative design house of exclusive brands for function. 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