A welcome email is on its way. It's why our clothes look and feel sogood. 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. I am incredibly proud of the Aritzia teams execution on our strategies and remarkable resilience during this past year. The soundtrack in our boutiques? Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. But your remark yesterday made me realize how completely wrong I was. We develop our own brands, treating each as an independent label with its own creative team and aesthetic. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. They've rocketed up 40 percent from the start of this year. [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. You can book a personal shopping appointment right now in any of our boutiques. Equity-based compensation awards will give him an "annualcompensation target" of$3 million. Dont worry you can unsubscribe whenever you like. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. As climate change drives ever-worse wildfires in B.C., land is left unable to withstand heavy rains and snowmelts. Environmental and Social Committee, Chair. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. We don't do cookie-cutter. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. Even our shopping bags serve as a canvas for creativeexpression. There was an error, please provide a valid email address. Going forward, he says he's not worried, and expects meaningful growth post-pandemic. We ask you to keep your comments relevant and respectful. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. 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. Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. [5] Aritzia is a sponsor and advocate of the organization. Visit our Community Guidelines for more information and details on how to adjust your email settings. But we did it because we couldnt find what we wanted in the marketplace, says Hill. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. 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. We like getting to know you. NOT FOR DISTRIBUTION IN THE UNITED STATES. 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. [6] Brian and Andrea support the BC Children's Hospital Foundation and the Vancouver Art Gallery.[5]. 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). Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. 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. 604-215-6557 Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. 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 VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) -- Aritzia Inc. ("Aritzia" or the "Company") (TSX: ATZ), a vertically integrated, innovative design house of . In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Want good news asap? Hill will remain Aritzias largest shareholder with approximately 20% equity interest and 71% voting power. Nina Westervelt | Bloomberg | Getty Images. The company's fourth-quarter net revenue increased by 66.1 per cent, compared to . Loud music, hip interior design, youthful sales clerks and crowds of well-dressed teens riffle through the racks. Nattel added that despite Hill's departure as CEO, "importantly'' he has no "immediate'' plans to change current ownership levels, while Wong is well-known to investors. We reserve the right to close comments at any time. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzia's CEO, Brian Hill, had other ideas. Since 2016, he's only collected a $1 annual salary and $1 annual bonusas the boss of Aritzia Inc., which was launched in 1984. CREATIVITYCreativity is at the core of everything we do. 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. David Labistour. In addition, it sells its products through online at aritzia.com. (It's kind of why we're here.). This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. We like getting to know you. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. Remains Aritzia's largest shareholder with approximately 20% equity interest. Were here to help. Get the good stuff, right to your inbox. The company offers its products under the Wilfred, Babaton and TNA brands. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. 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). EXCELLENCEWe relentlessly pursue world-class results. 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. Brian Hill sells shares for estate planning, investment diversifica We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. A love of art runs deep at Aritzia. Comments may take up to an hour for moderation before appearing on the site. Calls may be live or prerecorded. For more information: Create an account or sign in to continue with your reading experience. Please try again. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. |, Click to View our Accessibility Statement. Shortly after graduating from the faculty of economics at Queens University, Hill opened the first Aritzia boutique with his brother Ross. Or call us anytime to get styling help, to track down an item or just to sayhi. Chairman of the Board. Reviews and recommendations are unbiased and products are independently selected. He founded the company in 1984 and has been its CEO since then. 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. Charlie Smith was editor of the Georgia Straight from 2005 until September 2022. The president and CEO of the Vancouver-based clothing company has been interviewed about the success of his business countless times; its all part of the job, but its clear hes more comfortable doing what he does best overseeing every facet of B.C.s most successful fashion retail monopoly. 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. 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. Copyright 2023 Buzz Connected Media Inc. Jennifer Wong, said Hill in a statement. Unauthorized distribution, transmission or republication strictly prohibited. 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. Following the Offering, Mr. Hill will remain the Companys largest shareholder with an approximately 20% equity interest. 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. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. cozy fleece perfect hi-rise 3" sweatshort. The Shares have not been registered under the United States Securities Act of 1933, as amended (the U.S. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. We encountered an issue signing you up. 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. Aritzias head office is located at 611 Alexander St., Suite 118, Vancouver, BC, Canada, V6A 1E1. Support us by subscribing today: The Vancouver Sun | The Province. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. May 13, 2021. The Vancouver clothing retailer's stock is up 40 percent since the start of the year. Aritzia marketing calls and texts may use an automatic telephone dialing system. 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. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. Securities Act) or any state securities laws. When search suggestions are available use up and down arrows to review and enter to select. Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. He is intimately involved in all aspects of our business. 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. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. It's why our clothes look and feel sogood. Thank you for your patience as we work towards bringing this back. [2]. 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There is great gratification in that. Hill has been aligned with the fashion retail business since birth. The Vancouver-based company, which went public in 2016,. 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). 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. Who we are is reflected in our values. 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. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. Just Dropped: Episode 1 of Sunday Musing with Emma. 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. [2] Upon graduation, Hill moved back home to Vancouver. 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. 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. 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. hkelly@aritzia.com. Rather hes charging forward with a major expansion, including a number of stateside openings. "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. 27. place. Aritzia Inc. 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