Instead of selling the company or taking it public, Chouinard, who became famous for alpine climbs in Yosemite National Park and has a net worth of $1.2 billion, is transferring his family’s ownership of the company to a trust and a non-profit organization.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Patagonia will continue to operate as a private, for-profit corporation but the Chouinard family, which controlled the company until last month, no longer own the company, according to theThis advertisement has not loaded yet, but your article continues below.Patagonia’s founder gave the $3 billion company to a set of trusts and nonprofits meant to combat climate change.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Patagonia founder gives away company to help fight climate crisisYvon Chouinard, Patagonia\u0027s founder, said he is giving away the company to a trust that will use its profit to fight the climate crisis. “Instead of extracting value from nature and transforming it into wealth for investors, we’ll use the wealth Patagonia creates to protect the source of all wealth.” Go woke, go broke. Is Trudeau giving up flying next?🙄 Good grief. Is there no end to this nonsense.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Patagonia founder gives away company to help fight climate crisisYvon Chouinard, Patagonia\u0027s founder, said he is giving away the company to a trust that will use its profit to fight the climate crisis.
Source: ottawasuncom - 🏆 4. / 92 Read more »
Patagonia founder to give apparel company to trust, direct profits toward climate crisis fight | CBC NewsYvon Chouinard, the billionaire founder of outdoor apparel brand Patagonia said Wednesday that he's giving away the company to a trust that will use its profit to fight the climate crisis. Wow kinda dumb putting everything in one barrel. Hipster doofus wear ❗️❗️❗️😱
Source: CBCAlerts - 🏆 37. / 63 Read more »
Patagonia founder gives away company to help fight climate crisisYvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust that will use its… “Instead of extracting value from nature and transforming it into wealth for investors, we’ll use the wealth Patagonia creates to protect the source of all wealth.” Go woke, go broke.
Source: OttawaCitizen - 🏆 21. / 68 Read more »
Patagonia founder gives away company to help fight climate crisisYvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust that will use its profit to fight the climate crisis. So he/she retired period? LOL what crisis
Source: CTVNews - 🏆 1. / 99 Read more »