Shoppers exit an Aritzia store in the SoHo neighborhood of New York, Oct. 24, 2021. It's why our clothes look and feel sogood. 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. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. It's why we consider (and reconsider) every last seam, pleat and button. And we really like helping you zero in on your personal style. All Rights Reserved. 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. Brian Hill is a Canadian entrepreneur and the founder and Executive Chair of Vancouver-based clothing company Aritzia. 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. Box 500 Station A Toronto, ON Canada, M5W 1E6. [2] After poor grades caused him to be kicked out of the faculty of commerce, he graduated from the faculty of economics. Aritzia was started inside the Hill family's 80-year-old department store in Vancouver. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com 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. 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. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. It is evident that our tremendous success is a result of Jennifers contributions, Hill said. Support us by subscribing today: The Vancouver Sun | The Province. Message frequency varies. Remains Aritzias largest shareholder with approximately 20% equity interest, NOT FOR DISTRIBUTION IN THE UNITED STATES. [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. The Vancouver-based company, which went public in 2016,. The Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada and may also be offered by way of private placement in the United States and internationally as permitted. Hill owns 100% of the multiple voting shares. Aritzia currently has 85,082,023 subordinate voting shares and 24,978,049 multiple voting shares. We sweat the small stuff. 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. Rather hes charging forward with a major expansion, including a number of stateside openings. Who we are is reflected in our values. The company's fourth-quarter net revenue increased by 66.1 per cent, compared to . Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. The Vancouver-based company, which went public in. 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. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. [2] Upon graduation, Hill moved back home to Vancouver. Its a far cry from the upscale department store environment in which Hill got his start, but its a world he knows well. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture andart. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. EXCELLENCEWe relentlessly pursue world-class results. Interested? 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. 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 -. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release. But we did it because we couldnt find what we wanted in the marketplace, says Hill. Follow us on Spotify to hear what we'replaying. 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. Message and data rates may apply. According to its fourth-quarter report, the label says its net revenue growth increased by 66.1% compared to the previous year. A welcome email is on its way. Audit Committee, Member. CREATIVITYCreativity is at the core of everything we do. Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company. We fill our boutiques with original paintings, sculpture and prints. See, Click to View our Accessibility Statement. [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. Audience Relations, CBC P.O. CREATIVITYCreativity is at the core of everything we do. cozy fleece perfect hi-rise 3" sweatshort. It's why our clothes look and feel sogood. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. Unconfirmed subscriptions will be removed within 24 hours. Or call us anytime to get styling help, to track down an item or just to sayhi. Got a confidential news tip? Comments may take up to an hour for moderation before appearing on the site. The Shares have not been registered under the United States Securities Act of 1933, as amended (the U.S. Hill founded the retail store in Vancouver, with its first store opening at Oakridge Centre in 1984. We like getting to know you. This advertisement has not loaded yet, but your article continues below. Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Even our shopping bags serve as a canvas for creativeexpression. Comments on this story are moderated according to our Submission Guidelines. "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. It's why we search out the best mills and factories around the world. Hills foray into the fashion business started by helping out his dad Jim Hill, the founder of the luxury retail company Hills of Kerrisdale. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares. We round out our selection with pieces from brands we love ones who obsess about craftsmanship and design as much as wedo. Eclectic playlists curated by our in-house music director. We don't do cookie-cutter. AND THE JUDGES SAY Brian Hill has shown remarkable leadership in all aspects of company-building, from his innovative retail concept in 1984 to vertical integration of designing and manufacturing, focus on operations, and hiring several senior managers who started on the showroom floor. And we really like helping you zero in on your personal style. This has positively impacted more than 445,000women. The change in leadership comes as Aritzia continues its expansion into the US. 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 we settle into our chairs in Aritzias sun-drenched boardroom in the companys industrial Alexander Street office, his demeanour is calm. Pseudonyms will no longer be permitted. More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares, Brian Hill sells shares for estate planning, investment diversification and charitable giving purposes 2023 CNBC LLC. 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). Don't worry, you can unsubscribe from our mailing list at any time. When Aritzia stock recently hit its 52-week high of $38.97, those shares were worth $854.9 million. [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. 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. 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. The leadership change comes as the Vancouver-based company is expanding into the United States. Celebrities like Jennifer Lopez and Camila Mendes have sported the fashion brand. 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. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. Since 2016, he's only collected a $1 annual salary and $1 annual bonus as the boss of Aritzia Inc.,. Subscribe now to read the latest news in your city and across Canada. Aritzia CommunityTM is committed to supporting organizations that help women and girls succeed at work and in life and mental wellbeing. He founded the company in 1984 and has been its CEO since then. 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. 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. Closed. Apr 2014 - Mar 20162 years. 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. Prior to that, he was the news editor. 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 . |, Don't worry, you can opt out any time. (It's kind of why we're here.). It is evident that our tremendous success is a result of Jennifers contributions. He created every inch of it. There is no better time and no one better to lead Aritzia into the future thanJennifer Wong, said Hill in a statement. A few decades later, that idea hasnt changed. 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. Rather he's charging forward with a major expansion, including a number of stateside openings. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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). When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes . The next issue of West Coast Table will soon be in your inbox. Should traffic fines in B.C. We fill our boutiques with original paintings, sculpture and prints. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com 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. Read more about cookies here. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. 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. Aritzia marketing calls and texts may use an automatic telephone dialing system. Following his graduation from high school, attended the commerce program at Queen's University. He learned about the retail business under the mentorship of his father, Jim, and uncle, Forbes Hill. This has positively impacted more than 445,000women. Daily updates on what's happening in BC's business world. Shortly after graduating from the faculty of economics at Queens University, Hill opened the first Aritzia boutique with his brother Ross. he is a third-generation retailer, has led us since the Hill family opened the first Aritzia boutique in Vancouver in 1984. Start your day with Sunrise, a roundup of B.C. All Rights Reserved. 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. He is intimately involved in all aspects of our business. hkelly@aritzia.com. As a group, they have a few things in common: an effortless appeal, a focus on fit and an of-the-moment point ofview. 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.''. 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. "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.". Noting that Wong has been instrumental in accelerating the companys recent growth, Hill remarked her appointment is key to capitalizing on the incredible opportunities in the companys future. Aritzia Inc. founder Brian Hill caused a ripple in his company's share price on Tuesday after the company's chairman and former CEO announced that he was selling $70 million in shares. With an unwavering commitment to quality, design and service, Hill's influence has established Aritzia as the premium retailer and brand it is today. The 290 basis point improvement was primarily driven by leverage from increased revenue. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. For more information: 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. Yet Hill is still on the verge of becoming a billionaire, based on the value of hisshares. 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. Please check your browser settings to ensure that it is not blocking Facebook from running on straight.com. Aritzia is an innovative design house and fashion boutique. The soundtrack in our boutiques? We want to hear from you. Founded in 1984, Aritzia is an innovative fashion boutique with a curated collection of women's clothes. [5] Aritzia is a sponsor and advocate of the organization. Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queens University. Unauthorized distribution, transmission or republication strictly prohibited. May 13, 2021. Dont worry you can unsubscribe whenever you like. Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering. 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. [4] Despite this obstacle, Aritzia has expanded to 105 locations across North America as of Nov. 28, 2021. 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. The company offers its products under the Wilfred, Babaton and TNA brands. Loud music, hip interior design, youthful sales clerks and crowds of well-dressed teens riffle through the racks. 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). In 1984, Brian Hill opened the first standalone Aritzia boutique in Oakridge Centre an upscale shopping mall in his hometown. Remains Aritzia's largest shareholder with approximately 20% equity interest. SG&A expenses were $393 million or 26.3% of net revenue compared to 29.2% last year. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com. If you are a Home delivery print subscriber, unlimited online access is. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Wong joined Aritzia as a sales associate in 1987, working at the brands boutique on Robson Street. daughter of the late Michael . 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. 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. Last updated: 1 March 2023 at 11:00am EST. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Since 2016, he's only collected a $1 annual salary and $1 annual bonusas the boss of Aritzia Inc., which was launched in 1984. 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. Arnault tightens family grip on LVMH as daughter becomes Dior CEO: RE. Please turn it on so that you can experience the full capabilities of this site. 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. "She had an ability to cut out the noise. Who we are is reflected in our values. 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. Aritzia executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Prince Harry, the Duke of Sussex, made the announcement at the closing of the games in the Netherlands. 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. Why Did Brian Hill Create Aritzia? Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. Upon entering an Aritzia-owned store its easy to get swept away in the electric vibe. We were past this. A few decades later, that idea hasnt changed. We reserve the right to close comments at any time. Net income was reported as $34.2 million, up 113% from the $16.1 million a year earlier. A 17-year-old male student was arrested by police and later released at the scene to his guardian, said RCMP. Wong got her start as a part-time sales associate in 1987. Questions? Receive direct access to our top content, contests and perks. Aritzia announced that its founder and CEO, Brian Hill, is stepping down after leading the fashion brand for 38 years. Brian Hill sells shares for estate planning, investment diversifica 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. Chairman of the Board. Want good news asap? 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Get the good stuff, right to your inbox. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. . There was an error, please provide a valid email address. Data is a real-time snapshot *Data is delayed at least 15 minutes. Nina Westervelt | Bloomberg | Getty Images. The idea was simple: offer beautiful clothes in aspirational spaces with exceptionalservice. 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. 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.). Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. A lot of people thought we did it because we wanted better margins, and as it turns out we do get better margins. 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. INTEGRITYWe always do what we believe is right. 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. Principal of Tower Beach Capital Ltd., Former CEO of RBC Global Asset Management. Hill will remain Aritzias largest shareholder with approximately 20% equity interest and 71% voting power. When search suggestions are available use up and down arrows to review and enter to select. Vice President, Investor Relations 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 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. These are the central and key beliefs that guide our actions, unite our People, and uphold our tenets of Everyday Luxury. 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. [3] American cities with Aritzia locations include Seattle, San Francisco, Los Angeles, Chicago, Boston and New York. "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. The founder, chairman, and CEO of one of Vancouver's most successful clothing companies doesn't often step into the spotlight. 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. I walked into Starbucks laughing like a goofball around 9:40 am, you were sitting by the door Facebook comments not loading? 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. museum's iconic woolly mammoth gets splashed with paint. 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. Please note that CBC does not endorse the opinions expressed in comments. The first, of course, is Lululemon. We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individualaesthetic. Brian Hill is 58, he's been the Chairman of the Board and Chief Executive Officer of Aritzia since . Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. No securities regulatory authority has either approved or disapproved of the contents of this news release. 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. There are 13 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. 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. Comments are welcome while open. TEAMWORKIndividually we are great, together we are exceptional. Brian James Beaumont Hill is Chairman of the Board, Chief Executive Officer of the Company. In December 2005, Aritzia announced a new partnership with Boston-based investment house Berkshire Partners, which assumed 63 per cent ownership. Learn more about us and our exclusive brands. 2023 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. Brian Hill Brian Hill is a Canadian entrepreneur and the founder and CEO of Vancouver-based clothing company Aritzia. Women's clothier Aritzia devising new loyalty program to help drive booming sales even higher, CBC's Journalistic Standards and Practices. INTEGRITYWe always do what we believe is right. "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. Hills annual base salary and annual bonus have been set $1 each since the IPO. Aritzia today also released fourth-quarter and fiscal 2022 financial data, for the period that ended February 27.