3min chapter

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S3 Ep7: Why Facebook Moderation Is Grinding Gears / Starbucks Insane Money Making App / Three New Shopify Features

Limited Supply

CHAPTER

Aritzia

Aritzia was founded in 1984 by a guy who decided like, all right, there needs to be a brand for trendy white girls who are rich that want to go to the mall and need high quality basics. In 2007, they opened their first US stores, one in Santa Clara and one in Seattle. In 2011, they opened the flagship store for Aritzia and Soho, which is on Broadway. They've been growing about 19% year over year. And basically this guy stepped down as CEO. He's still the largest shareholder,. He has 19% of the equity, but he has 70% of the voting rights.

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