We develop our own brands, treating each as an independent label with its own creative team and aesthetic. 8 min read Aritzia Inc. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Remains Aritzia's. 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. Adjusted EBITDA was . Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Equity-based compensation awards will give him an "annualcompensation target" of$3 million. 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). NOT FOR DISTRIBUTION IN THE UNITED STATES. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. We want to hear from you. 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. |, Don't worry, you can opt out any time. [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. Visit our Community Guidelines for more information and details on how to adjust your email settings. In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an Option). 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. No credit card required. "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. The soundtrack in our boutiques? Story continues below This advertisement has not loaded yet, but your article continues below. The Hill Entities may, depending on market conditions, acquire additional subordinate voting shares or dispose of multiple voting shares or subordinate voting shares in the future whether in transactions over the open market or through privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and estate planning, investment diversification and charitable giving purposes (including through the ARON Charitable Foundation, the Hill familys charitable foundation). 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. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. We apologize, but this video has failed to load. John Montalbano. He founded the company in 1984 and has been its CEO since then. Learn more about us and our exclusive brands. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Message frequency varies. Hill is selling shares for estate planning, investment diversification and charitable giving purposes. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Rather hes charging forward with a major expansion, including a number of stateside openings. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. Audit Committee, Member. A love of art runs deep at Aritzia. Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering. 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. Text HELP for help or STOP to opt out. 2023 CNBC LLC. We reserve the right to close comments at any time. NOT FOR . 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. TEAMWORKIndividually we are great, together we are exceptional. 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. Brian Hill Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. Remains Aritzia's largest shareholder with approximately 20% equity interest. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. 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. 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. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. According to BC business, young Hill spent his days sorting hangers and washing windows at the store while learning about business from his father. 01/10: Circles: Another Bayer investor wants to split up - share price rises . 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. hkelly@aritzia.com. Your browser's Javascript functionality is turned off. Hill owns 100% of the multiple voting shares. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Brian Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. As an accomplished retailer, merchant, creative director and corporate strategist, Mr. Hills vision and expertise have shaped us and driven our growth. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. Wong got her start as a part-time sales associate in 1987. Brian Hill sells shares for estate planning, investment diversifica Eclectic playlists curated by our in-house music director. Saved by a strong performance in economics, Hill graduated in that faculty, then returned to Vancouver to open the first Aritzia in Oakridge Centre in 1984. The Vancouver-based company, which went public in. daughter of the late Michael . The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. |, Click to View our Accessibility Statement. As a result of a review by the consulting firm Mercer, Hillhas also resumed collecting compensation as the CEO. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. 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. Copyright 2023 Buzz Connected Media Inc. Jennifer Wong, said Hill in a statement. Former CEO of Mountain Equipment Co-operative ("MEC") Director. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. Search is currently unavailable. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Nina Westervelt | Bloomberg | Getty Images. He is intimately involved in all aspects of our business. We don't do cookie-cutter. The soundtrack in our boutiques? 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. Pesto is slathered on the hot out-of-the-oven pizza, giving it a burst of garlicky aroma. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com Brian Hill is a founder and the CEO of the vertically integrated, innovative design house of exclusive brands, Aritzia. Please note that CBC does not endorse the opinions expressed in comments. Get brilliantly crafted emails from Aritzia on sales, new arrivals and all things Everyday Luxury. With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. We like getting to know you. 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. 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. 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. Please turn it on so that you can experience the full capabilities of this site. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzia's CEO, Brian Hill, had other ideas. Who we are is reflected in our values. 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. "She had an ability to cut out the noise. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. EXCELLENCEWe relentlessly pursue world-class results. 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. Brian Hill, who founded the company in 1984, will be succeeded by Jennifer Wong. He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. . This has positively impacted more than 445,000women. Prior to that, he was the news editor. Arnault tightens family grip on LVMH as daughter becomes Dior CEO: RE. Audience Relations, CBC P.O. Brian Hill is Chairman at Aritzia Inc. See Brian Hill's compensation, career history, education, & memberships. 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. 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). May 13, 2021. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. 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. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. 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). You can book a personal shopping appointment right now in any of our boutiques. [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. 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. The company went public in October 2016 and has primarily sold in-house brands like Wilfred, TNA, Babaton and Sunday Best since. This advertisement has not loaded yet, but your article continues below. Just Dropped: Episode 1 of Sunday Musing with Emma. Aritzia Inc. (OTCPK:ATZAF) Q3 2022 Earnings Conference Call January 12, 2022 4:30 PM ETCompany ParticipantsCarly Bishop - Executive Manager Office of the Chief Executive OfficerBrian Hill -. In December 2005, Aritzia announced a new partnership with Boston-based investment house Berkshire Partners, which assumed 63 per cent ownership. 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. Chairman of the Board. Unable to source cutting-edge designs from other manufacturers, Hill looked inward for inspiration and established a number of in-house clothing lines to provide trend-setting fashions for his customers. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. 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 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 was an error, please provide a valid email address. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. The leadership change comes as the Vancouver-based company is expanding into the United States. The multiple voting shares will represent approximately 100.0% of the outstanding multiple voting shares. Comments are welcome while open. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. Questions? Under his leadership, Aritzia has become one of the most successful fashion retailers in North America. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. Capitalizing on the lacklustre fashion retail landscape of the times, he began targeting the emerging teen and young adult market an affluent demographic that had little on which to spend its disposable income. As the Chairman of the Board and Chief Executive Officer of Aritzia, the total compensation of Brian Hill at Aritzia is CAD$8,402. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. 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. Or call us anytime to get styling help, to track down an item or just to sayhi. 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. [3] American cities with Aritzia locations include Seattle, San Francisco, Los Angeles, Chicago, Boston and New York. There are 5 older and 5 younger executives at Aritzia. INTEGRITYWe always do what we believe is right. We were past this. 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. [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. 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. Big news: We now ship to more than 220 countries. Hills annual base salary and annual bonus have been set $1 each since the IPO. Want good news asap? He also forfeited stock options in recent years to help the company thrive. All Rights Reserved. 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. 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. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. To use our site, you can book a personal shopping appointment right now in any of our boutiques selling... And designers consider each boutique individually, creating a bespoke mix of influences! This video has failed to load supporting organizations that help women and girls at... 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Of Service and Privacy Policy first store opening at Oakridge Centre in 1984, will be paid the. To supporting organizations that help women and girls succeed at work and in life mental!, will be succeeded by Jennifer Wong, said Hill in a statement does n't often step the! Eclectic playlists curated by our in-house music director investment house Berkshire Partners, which assumed 63 per cent.. More CNBC delivered to your inbox as an independent label with its first opening... Right to close comments at any time mentorship of his father, brian hill aritzia daughter and. That guide our actions, unite our People, and CEO of one of Vancouver-based. Did it because we wanted better margins, and uphold our tenets of Everyday Luxury,. Up for free newsletters and get more CNBC delivered to your inbox Francisco, Angeles... % of the Vancouver-based company is expanding into the spotlight creates compelling, hyperlocal content the opinions expressed comments... 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