The stock of Aritzia on July 9 was already at Can$36.83 and moderately moved without any success to Can$36.59. On Tuesday, the cost has begun to increase, making up Can$37.65; later, it dropped to Can$36.48. we can notice that the worth of the company since July 13 strikingly declining by 6%. Aritzia Inc., a vertically integrated innovative design house offering everyday luxury online and its boutiques, announced financial results for the first quarter of the fiscal year 2022, which ended May 30, 2021. And also, On June 25, 2021, the company effectively completed the acquisition of the current champion, a leading designer and manufacturer of premium sportswear. The company purchased 75% of the company based on a total enterprise value of around $63 million.
Brian Hill, Founder, Chief Executive Officer, and chairman, said that We are ecstatic about the commencement of 2022. Although half of our Canadian boutiques were closed for the bulk of the quarter, our multi-channel business powered a 122 percent increase in net revenue in the first quarter. Our brand loyalty is developing in the United States, where net revenues have more than tripled, up to Two hundred percent from the previous year.