Prison Diary

 

Good morning, Aritzia’s viral moment has made its Canadian founder a billionaire. Brian Hill, former CEO of the popular women’s clothing brand that sells “everyday luxury” items, is now worth at least $1.1 billion, according to Forbes’ estimates. The stock price of the company, of which Hill owns 18%, has jumped nearly 100% in the past year. He opened the first Aritzia in Vancouver in 1984, but the brand took off on social media in the U.S. during the pandemic with viral items like vegan leather pants and a Super Puff puffer coat for dogs. Plus, Aritzia’s more than 130 brick-and-mortar “boutiques,” which feature perks like free coffee and a designated sitting area for boyfriends, account for around two-thirds of its $1.7 billion in 2024 revenue. Let’s get into the headlines,

Albert G MickyWriter, Newsletters Follow me on X.com