Patagonia founder gives away company to climate-change organization

Chouinard said on Wednesday that he has transferred ownership of Patagonia, which he founded in 1973, to Patagonia Purpose Trust and the Holdfast Collective.in a letter posted on Patagonia's website.

The Holdfast Collective will control the bulk of Patagonia stock — about 98% — and receive all the profits that aren't reinvested in the company. It"will use every dollar received from Patagonia to protect nature and biodiversity, support thriving communities, and fight the environmental crisis," the company said.

Patagonia's leadership will stay the same, and Chouinard family members will continue to serve on the board, the companyPatagonia founder Yvon Chouinard, photographed in 2005, in front of the original Chouinard Equipment blacksmith shop located in Ventura, California, where he started his business. Patagonia started nearly 50 years ago, growing out of Chouinard's love of mountaineering and expanding into other product lines as his interests dictated.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Patagonia owner donates $3 billion company to climate change activismThe founder of outdoor apparel and gear company Patagonia announced Wednesday that he is giving his company away after 50 years to groups that advocate climate change mitigation. patagonia What a waste patagonia 😂😂😂😂 patagonia Maybe he could feed the poor, but nah let’s throw money at the clouds
Source: dcexaminer - 🏆 6. / 94 Read more »

Patagonia Founder Gives Away $3 Billion Company To Fight Climate Change“Earth is now our only shareholder,” Yvon Chouinard wrote in an open letter. Trading has been always successful ever since I started trading all my bitcoin with tyronFXT his platform and signal are very much okay. I would advise you get in touch with him for more info tyronFXT W O W
Source: YahooNews - 🏆 380. / 59 Read more »

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.” Love this.
Source: TODAYshow - 🏆 389. / 55 Read more »