Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. CREATIVITYCreativity is at the core of everything we do. 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. The multiple voting shares will represent approximately 100.0% of the outstanding multiple voting shares. 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. Shortly after returning from school, in 1984, Hill, with his brother Ross, opened the first Aritzia boutique in Oakridge Centre,[2] an upscale shopping mall in Vancouver, BC. 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. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. Eclectic playlists curated by our in-house music director. As an accomplished retailer, merchant, creative director and corporate strategist, Mr. Hills vision and expertise have shaped us and driven our growth. Sign up for free newsletters and get more CNBC delivered to your inbox. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. 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. Text HELP for help or STOP to opt out. The soundtrack in our boutiques? But we did it because we couldnt find what we wanted in the marketplace, says Hill. 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. May 13, 2021. 8 min read Aritzia Inc. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Remains Aritzia's. "She had an ability to cut out the noise. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Pseudonyms will no longer be permitted. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. It is evident that our tremendous success is a result of Jennifers contributions, Hill said. 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. I am incredibly proud of the Aritzia teams execution on our strategies and remarkable resilience during this past year. There was an error, please provide a valid email address. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. He attributes that accomplishment to the economic immunity of his 15-to-30-year-old target market. Postmedia may earn an affiliate commission from purchases made through links on this page. 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. Want good news asap? 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 were past this. 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. It's why we search out the best mills and factories around the world. The retailer made $444.3 million in its fourth quarter, up from $267.5 million last year, and its US revenue increased by 108.8% to $216.8 million. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. Follow us on Spotify to hear what we'replaying. 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. 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. I walked into Starbucks laughing like a goofball around 9:40 am, you were sitting by the door Facebook comments not loading? cozy fleece perfect hi-rise 3" sweatshort. |, Don't worry, you can opt out any time. 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. Please turn it on so that you can experience the full capabilities of this site. [4] Figuring out how to expand into California and Florida brought some challenges due to the warm nature of the fall and winter clothing lines. 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. Or call us anytime to get styling help, to track down an item or just to sayhi. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. . 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. 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. They've rocketed up 40 percent from the start of this year. 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. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. Securities Act) or any state securities laws. All Rights Reserved. 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. We sweat the small stuff. Or call us anytime to get styling help, to track down an item or just to sayhi. In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an Option). We encountered an issue signing you up. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. 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. As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. 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No securities regulatory authority has either approved or disapproved of the contents of this news release. [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. 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 announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. 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. Hill is selling shares for estate planning, investment diversification and charitable giving purposes. Reviews and recommendations are unbiased and products are independently selected. [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. 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. 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. [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. 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. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. 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. 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 change in leadership comes as Aritzia continues its expansion into the US. The 290 basis point improvement was primarily driven by leverage from increased revenue. He is intimately involved in all aspects of our business. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. Comments on this story are moderated according to our Submission Guidelines. TEAMWORKIndividually we are great, together we are exceptional. 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. Remains Aritzia's largest shareholder with approximately 18.7% equity interest . 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. 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