VANCOUVER - Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. 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. Hill and his family founded Aritzia in 1984, while Wong started at the company in 1987 as a part-time sales associate. 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. Net income was reported as $34.2 million, up 113 per cent from the $16.1 million a year earlier.

Source: The Star May 06, 2022 05:40 UTC