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Aritzia Inc
Symbol ATZ
Shares Issued 57,185,233
Close 2018-09-17 C$ 16.98
Market Cap C$ 971,005,256
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Globe says Aritzia expands in Vancouver's Railtown

2018-09-18 08:38 ET - In the News

The Globe and Mail reports in its Tuesday edition that Vancouver's Railway Street is an odd patch of the city, a long strip of territory three blocks wide, squeezed between Vancouver's poverty-stricken Downtown Eastside and the port. In a Globe special, Frances Bula writes that it seen as a much-needed place for tech and creative businesses trying to stay in this expensive city. Now, after a nearly year-long tussle between city planners and business owners over changes to the zoning meant to encourage what's called "creative product manufacturing" but to keep out regular offices just looking for cheap space, the Railtown neighbourhood appears to be on the verge of a small development boom. Existing businesses such as fashion giant Aritzia, bag maker Herschel and high-end furniture maker Inform are expanding. Other new businesses are moving in. Beyond that, there are several development projects in the works. "There is quite a bit of new energy here," says Denise Brennan, the "benevolent dictator," as she describes herself, of the shared job facility Creative Coworkers. Next to her is a showroom and administrative office for Nespresso, the coffee company, and Streamlabs, which produces streaming video games.

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