The owner of the Patagonia outdoor company is transferring the business to others to help fight the climate crisis.
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Patagonia's Owners Just Gave It Away -- To Planet EarthPatagonia owner Yvon Chouinard announced Wednesday the family was transferring ownership to a trust and non-profit aimed at combatting climate change.
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Patagonia founder gives company away, ensuring profits go to fight climate changeYvon Chouinard, who became famous for alpine climbs in Yosemite and then as a manufacturer of outdoor gear, said in a note: “We’re making Earth our only shareholder.”
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Patagonia Founder Gifts Entire Company to Fight Climate ChangeThe founder of Patagonia is handing over his company, valued at $3 billion, over to trusts and non-profit organizations focused on fighting climate change.
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Patagonia Founder Gives Away Entire Company To Fight Climate ChangeAll future Patagonia profits that aren’t reinvested into the company will go toward combating climate change, the company said, stripping founder Yvon Chouinard of his billionaire status.
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Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate ChangeRather than sell the company or take it public, Yvon Chouinard said the outdoor clothing brand he founded nearly 50 years ago will be owned by a trust and a nonprofit organization.
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