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Thursday
Sep152022

Company Founder Leaves Profits to 'The Earth'

DateThursday, September 15, 2022 at 8:56AM

Patagonia Inc. founder Yvon Chouinard and his family are transferring ownership of the $3 billion outdoor apparel company to a nonprofit organization and trust in order to fight climate change. The trust, managed by members of the family and its advisers, owns 2% of Patagonia, while the other 98% is now owned by the Holdfast Collective, a nonprofit that will receive all of the company's profits.

AuthorRick C.Limpert | CommentPost a Comment |
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