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. Charlie Smith was editor of the Georgia Straight from 2005 until September 2022. Create an account or sign in to continue with your reading experience. Brian Hill biography. 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. Who we are is reflected in our values. 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. Or call us anytime to get styling help, to track down an item or just to sayhi. 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. Just Dropped: Episode 1 of Sunday Musing with Emma. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Vancouver clothing retailer's stock is up 40 percent since the start of the year. The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. 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. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. 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. We sweat the small stuff. Under his leadership, Aritzia has become one of the most successful fashion retailers in North America. Formerly backed by Berkshire Partners, Aritzia completed its $400 million IPO on TSX in October 2016 by way of a secondary offering by Berkshire and Hill at $16 per share. 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. 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. 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. 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. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. The first, of course, is Lululemon. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. We don't do cookie-cutter. 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. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. In addition, it sells its products through online at aritzia.com. hkelly@aritzia.com. 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. Arnault tightens family grip on LVMH as daughter becomes Dior CEO: RE. May 13, 2021. Its turned out to be one of the most influential purchasing and affluent demographics. There is something cagey about Hill. [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. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. 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. The change in leadership comes as Aritzia continues its expansion into the US. Audit Committee, Member. Were here to help. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. He attributes that accomplishment to the economic immunity of his 15-to-30-year-old target market. A 17-year-old male student was arrested by police and later released at the scene to his guardian, said RCMP. . 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). Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. There is great gratification in that. Hill has been aligned with the fashion retail business since birth. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com. Audience Relations, CBC P.O. [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. 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. If you need more lookups, subscriptions start at $39 USD/month. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. Last updated: 1 March 2023 at 11:00am EST. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. The idea was simple: offer beautiful clothes in aspirational . Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. 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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. 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 The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. A Division of NBCUniversal. Brian Hill Email Address Found 2 email address listings: @aritzia.com @gmail.com Brian Hill Phone Number Found 2 phone numbers: 604251XXXX 604215XXXX View Brian's Email & Phone (It's Free) 5 free lookups per month. TEAMWORKIndividually we are great, together we are exceptional. Get this delivered to your inbox, and more info about our products and services. 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. Why Did Brian Hill Create Aritzia? Comments may take up to an hour for moderation before appearing on the site. Dont worry you can unsubscribe whenever you like. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. Calls may be live or prerecorded. The growth is attributed largely to the companys further expansion in the U.S. with retail stores, along with ecommerce growth. Box 500 Station A Toronto, ON Canada, M5W 1E6. No credit card required. Please try again. Brian Hill is a founder and the CEO of the vertically integrated, innovative design house of exclusive brands, Aritzia. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. We fill our boutiques with original paintings, sculpture and prints. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. 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. Got a confidential news tip? But your remark yesterday made me realize how completely wrong I was. He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. 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. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. 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. And we really like helping you zero in on your personal style. He understands todays young consumer is looking for more than a skirt or pants they want a full lifestyle experience when theyre still in the store. 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. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. It's why our clothes look and feel sogood. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. |, Click to View our Accessibility Statement. Environmental and Social Committee, Chair. Rather he's charging forward with a major expansion, including a number of stateside openings. Reviews and recommendations are unbiased and products are independently selected. Apr 2014 - Mar 20162 years. 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. Your browser's Javascript functionality is turned off. INTEGRITYWe always do what we believe is right. This advertisement has not loaded yet, but your article continues below. (It's kind of why we're here.). 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. 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. 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. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier. Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes. For more information: Once upon a time, the Hill family started a little thing called Aritzia inside their 70-year-old department store in Vancouver,Canada. Eclectic playlists curated by our in-house music director. Please note that CBC does not endorse the opinions expressed in comments. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Get the good stuff, right to your inbox. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. According to BC business, young Hill spent his days sorting hangers and washing windows at the store while learning about business from his father. In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. We do so through three pillars of impact: poverty alleviation, mentorship and job readiness. 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. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. VANCOUVER - 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, who founded the company in 1984, will be succeeded by Jennifer Wong. EXCELLENCEWe relentlessly pursue world-class results. The 290 basis point improvement was primarily driven by leverage from increased revenue. Support us by subscribing today: The Vancouver Sun | The Province. Comments on this story are moderated according to our Submission Guidelines. [2]. 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. Mr. Hill will continue to hold 220,913 Options following closing of the Offering. 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. Your browser's Javascript functionality is turned off. 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