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September 14, 2022 ben gabbe/getty images yvon chouinard, the founder of apparel brand patagonia, is handing over his company, valued at $3 billion, over to trusts and. By jonathan small september. Those profits will go to the holdfast collective, an environmental nonprofit organization that is also receiving the entirety of patagonia’s nonvoting shares — about 98. Is an american retailer of outdoor clothing.
Patagonia has hundreds of stores in 10+ countries. Patagonia will pay an annual dividend to the nonprofit, which the company estimates will be around $100 million per year, and the holdfast collective will use the money. Today, patagonia owns and operates offices in the united states, the netherlands, japan, south korea, australia, chile and argentina, with more than 70 stores worldwide. The company will still be an active producer. The patagonia purpose trust will control all voting stock of the company (2%), while the holdfast collective, a climate change nonprofit, will own all nonvoting stock (98%). September 14, 2022 / 6:28 pm / moneywatch yvon chouinard, the founder of outdoor gear company patagonia, has given the company away to two environmental.
Patagonia founder gives away the $3bn company to environmental causes

Patagonia founder gives away company worth $3 billion to fight climate

Patagonia founder gives company away so profits go to climate change

Patagonia clothing company owner donates company to help fight climate

Patagonia founder gives away $3 billion company to fight climate change

Patagonia founder gives away company to help fight climate crisis | The

Climate change: Patagonia founder Yvon Chouinard gives company to non
Patagonia: family sells it to non-profit, 'save the planet' - The

Patagonia founder Yvonne Chouinard is stepping away from the company

Patagonia founder to give apparel company to trust, direct profits
