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. Hill is selling shares for estate planning, investment diversification and charitable giving purposes. Following his graduation from high school, attended the commerce program at Queen's University. But we did it because we couldnt find what we wanted in the marketplace, says Hill. Loud music, hip interior design, youthful sales clerks and crowds of well-dressed teens riffle through the racks. "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. Comments are welcome while open. 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 says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Chairman of the Board. Please try again. 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. 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). 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. [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. As we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. "Performance of ATZ prior to, during and through yet another wave of COVID reinforces our views around the strength, sustainability and upside potential of the company's unique business model,'' she said. Aritzia currently has 85,082,023 subordinate voting shares and 24,978,049 multiple voting shares. 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 per cent from a year earlier. He founded the company in 1984 and has been its CEO since then. 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. 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. Follow us on Spotify to hear what we'replaying. 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 290 basis point improvement was primarily driven by leverage from increased revenue. 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. Big news: We now ship to more than 220 countries. 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). Eclectic playlists curated by our in-house music director. Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. Receive direct access to our top content, contests and perks. The soundtrack in our boutiques? 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. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. 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. 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. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzia's CEO, Brian Hill, had other ideas. We like getting to know you. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com A love of art runs deep at Aritzia. In December 2005, Aritzia announced a new partnership with Boston-based investment house Berkshire Partners, which assumed 63 per cent ownership. Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering. 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. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. 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. 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. Questions? 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. The idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. 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. Dont worry you can unsubscribe whenever you like. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. Brian Hill is a descendant of the founder of the Hill's of Kerrisdale clothing shop. 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. 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. He attributes that accomplishment to the economic immunity of his 15-to-30-year-old target market. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . "This approach aligns with the next phase of our companys growth," the document states. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. [2] Brian worked at his father's retail store through his adolescence, often doing simple maintenance tasks, such as folding, and window washing. Should traffic fines in B.C. 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. Read more about cookies here. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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). Comments may take up to an hour for moderation before appearing on the site. "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. 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.''. Wong got her start as a part-time sales associate in 1987. 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. For more information: Please note that CBC does not endorse the opinions expressed in comments. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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). 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. Create an account or sign in to continue with your reading experience. He is intimately involved in all aspects of our business. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. Please confirm your subscription. If you need more lookups, subscriptions start at $39 USD/month. "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.". We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer 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? It's why our clothes look and feel sogood. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. CREATIVITYCreativity is at the core of everything we do. Aritzia CEO Brian Hill steps down after leading retailer for 38 years | CBC News Loaded. Aritzias net revenue growth has increased more than 66 per cent from last year, according to the release. Postmedia may earn an affiliate commission from purchases made through links on this page. Please turn it on so that you can experience the full capabilities of this site. |, Click to View our Accessibility Statement. 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). In addition, it sells its products through online at aritzia.com. We want to hear from you. 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. No credit card required. [1] The company's fourth-quarter net revenue increased by 66.1 per cent, compared to . As climate change drives ever-worse wildfires in B.C., land is left unable to withstand heavy rains and snowmelts. (It's kind of why we're here.). Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. This advertisement has not loaded yet, but your article continues below. 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. 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. The idea was simple: offer beautiful clothes in aspirational . The leadership change comes as the Vancouver-based company is expanding into the United States. As an accomplished retailer, merchant, creative director and corporate strategist, Mr. Hills vision and expertise have shaped us and driven our growth. museum's iconic woolly mammoth gets splashed with paint. Even our shopping bags serve as a canvas for creativeexpression. Wong joined Aritzia as a sales associate in 1987, working at the brands boutique on Robson Street. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. 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. 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. Fashion comeback: Le Chteau returns to brick-and-mortar stores across Canada, 25 Mother's Day gift ideas every mom will love, "Playing with history": People are upset Kim Kardashian ruined Marilyn Monroes iconic dress. Charlie Smith was editor of the Georgia Straight from 2005 until September 2022. As a group, they are united by an effortless appeal, a focus on fit and an of-the-moment point of view. 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. Reviews and recommendations are unbiased and products are independently selected. Brian Hill Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. Prior to that, he was the news editor. With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. 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. Comments on this story are moderated according to our Submission Guidelines. Don't worry, you can unsubscribe from our mailing list at any time. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. He created every inch of it. Start your day with Sunrise, a roundup of B.C. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . Hill will remain Aritzias largest shareholder with approximately 20% equity interest and 71% voting power. Thank you for your patience as we work towards bringing this back. Remains Aritzia's largest shareholder with approximately 20% equity interest. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. See, Click to View our Accessibility Statement. We reserve the right to close comments at any time. Yet Hill is still on the verge of becoming a billionaire, based on the value of hisshares. 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. Going forward, he says he's not worried, and expects meaningful growth post-pandemic. It's why we consider (and reconsider) every last seam, pleat and button. CREATIVITYCreativity is at the core of everything we do. "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. Get this delivered to your inbox, and more info about our products and services. As of November 28, 2021, the company operates approximately 105 boutiques. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. 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. NOT FOR . Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. Aritzia marketing calls and texts may use an automatic telephone dialing system. Got a confidential news tip? 2023 CNBC LLC. Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. Net income was reported as $34.2 million, up 113% from the $16.1 million a year earlier. 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. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. Follow us on Spotify to hear what we'replaying. 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. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com [2] Upon graduation, Hill moved back home to Vancouver. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. Unconfirmed subscriptions will be removed within 24 hours. 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. [3] In order to fill this gap in the market, Hill felt that it was necessary to develop in-house brands that could deliver what was not already available to consumers, the six private brands: Wilfred, TNA, Talula, Sunday Best, Community and Babaton accompanied by their two accessory brands SIXELEVEN and Auxiliary are responsible for 80% of the company's sales. 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. As the Chairman of the Board and Chief Executive Officer of Aritzia, the total compensation of Brian Hill at Aritzia is CAD$8,402. daughter of the late Michael . John Montalbano. Shoppers exit an Aritzia store in the SoHo neighborhood of New York, Oct. 24, 2021. We encountered an issue signing you up. Get the good stuff, right to your inbox. Securities Act) or any state securities laws. NOT FOR DISTRIBUTION IN THE UNITED STATES. 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. 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. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. Your browser's Javascript functionality is turned off. Former CEO of Mountain Equipment Co-operative ("MEC") Director. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. The female demographic of that age is probably the least affected by the economy and economic situations that are going on out there, he says. 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. 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. Don't worry, you can unsubscribe from our mailing list at any time. 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.). We don't do cookie-cutter. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. Helen Kelly The next issue of West Coast Table will soon be in your inbox. 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. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares, Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes Last updated: 1 March 2023 at 11:00am EST. 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). We were past this. I continue to be excited about the opportunities ahead and committed to the companys long-term success, said Mr. Hill. 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