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Aritzia ( (TSE:ATZ) ) has provided an announcement.
Aritzia announced a $66 million secondary offering of subordinate voting shares, with proceeds going to the selling shareholders, including company founder Brian Hill, who is using the funds for estate planning, investment diversification, and charitable giving. Despite selling shares, Hill remains Aritzia’s largest shareholder with a 17.3% equity interest, and the offering is expected to close by February 28, 2025, with no proceeds going to the company.
More about Aritzia
Aritzia is a design house known for its innovative global platform that offers ‘Everyday Luxury’ through an array of exclusive brands. Founded in 1984 in Vancouver, Canada, Aritzia provides personalized shopping experiences both online and in over 125 boutiques across North America, focusing on good design, quality materials, and timeless style.
YTD Price Performance: 34.52%
Average Trading Volume: 29,318
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.55B
See more data about ATZ stock on TipRanks’ Stock Analysis page.
