Thursday 15 September 2022 09:26 AM Patagonia founder Yvon Chouinard gives away company to help climate change trends now
Thursday 15 September 2022 09:26 AM Patagonia founder Yvon Chouinard gives away company to help climate change trends now
Billionaire founder of outdoor clothing giant Patagonia transfers family's ownership of the company to fight climate change Founder of adventure clothing giant Patagonia is giving away the company Ownership of the business will transfer to a non-profit organisation and trust Patagonia will still be run for profit but cash will go entirely to environmentalism
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The billionaire founder of the outdoor apparel brand Patagonia is giving away the company to a trust that will use its profit to fight the climate crisis.
Yvon Chouinard, 83, said on Wednesday that instead of selling the company or taking it public, he would transfer his family's ownership to the trust and a non-profit organization.
Chouinard became famous for alpine climbs in Yosemite National Park and has a net worth of $1.2 billion.
'Each year, the money we make after reinvesting in the business
