Published 3 years ago • loading... • Updated 3 years ago

Patagonia Founder Gives Away Entire Company To Fight Climate Change

Summary by Ground News

Yvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust. The company will use its profit to fight the climate crisis, he wrote in an open letter on the company's website. Chouinard, who has a net worth of $1.2 billion, is transferring his family's ownership of the company.

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VOA News

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Patagonia Founder Donates Company to Charity

Yvon Chouinard, the 83-year-old founder of the outdoor clothing and equipment company Patagonia, announced that he has placed 100% of the shares of his $

3 years ago·United States

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The spokesman-Review

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Billionaire no more: Patagonia founder gives away the company

A half-century after founding outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric rock climber who became a reluctant billionaire with his unconventional spin on capitalism, has given the company away.

3 years ago·Spokane, United States

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WHDH

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Patagonia founder gives company away to environmental trusts

Outdoor gear company Patagonia says “the earth is now our only shareholder” after transferring the company’s ownership from founder Yvon Chouinard and his family to two nonprofits established to fight climate change.In a letter posted on the 50-year-old company’s website Wednesday night, Chouinard said Patagonia would transfer 100% of its voting stock to the Patagonia Purpose Trust, created to uphold the values of the company long known for its …

3 years ago·Boston, United States

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Daily Hampshire Gazette

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Patagonia founder gives company away to environmental trusts

The founder of outdoor gear company Patagonia, long known for environmental activism, says the company is transferring all of its voting shares into a trust “dedicated to fighting the environmental crisis and defending nature.”In a letter posted on the privately-held company’s website on Wednesday...

3 years ago·Northampton, United States

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KOTA

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Patagonia founder gives company away to environmental trusts

The founder announced the news in a letter posted on the privately-held company’s website on Wednesday night.

3 years ago

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WPRI 12

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Patagonia founder gives company away to environmental trusts

Outdoor gear company Patagonia says “the earth is now our only shareholder” after transferring the company's ownership from founder Yvon Chouinard and his family to two nonprofits established to fight climate change.In a letter posted on the 50-year-old company’s website Wednesday night, Chouinard said Patagonia would transfer 100% of its voting stock to the Patagonia Purpose Trust, created to uphold the values of the company long known for its …

3 years ago·East Providence, United States

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