TSX:ATZSpecialty Retail
How Founder’s Share Sale and Strong Results At Aritzia (TSX:ATZ) Has Changed Its Investment Story
Aritzia Inc. recently completed a Follow-on Equity Offering of approximately CA$200.12 million, with founder Brian Hill selling 1,537,000 subordinated voting shares at CA$130.20 per share for personal estate and diversification reasons, while the company reported higher quarterly and nine‑month sales, net income, and earnings per share compared with a year earlier.
Although Aritzia will not receive proceeds from the founder’s secondary sale, the transaction follows strong reported operating...