Patagonia founder gives company away in climate bid

  • 📰 rtenews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The founder of US outdoor clothing retailer Patagonia, 83-year-old Yvon Chouinard - who is known for his environmental stances - has given away his company in an effort to combat climate change. | More:

Mr Chouinard could have sold the brand, valued at €3 billion according to The New York Times, or taken it public.

Founded almost 50 years ago, Patagonia quickly became committed to conserving nature, by carefully choosing its raw materials and donating 1% of its sales each year to environmental NGOs.All of Patagonia's non-voting shares have been transferred to a non-profit dedicated to fighting against climate change and for nature protection and conservation, with company profits also to be donated.

"I never wanted to be a businessman. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🙌🙌

Dude done good.

Amazon Jeff Bezos Earth Fund, is part of the billionaire's commitment to spend $10 billion on fighting climate change this decade...God bless American billionaires....

How's his cousin for new season white turnip?

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:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Patagonia's founder gives multi-billion dollar company away in effort to combat climate changeIts founder says 'Earth is now our only shareholder'. Wait until he finds out the climate crisis is a manufactured hoax and he would have been better off giving his money to the cats and dogs home. What a load of bollix 😂🤣 Keep her lit Yvon they’re buying in wholesale.
Source: thejournal_ie - 🏆 32. / 50 Read more »

Patagonia’s ‘reluctant billionaire’ owner gives away company to fight climate crisisYvon Chouinard and his family transfer all stock in outdoor clothing brand to specially designed trust and a non-profit organisation
Source: IrishTimesBiz - 🏆 6. / 77 Read more »