Patagonia founder transfers ownership to environmental trust

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Patagonia—the outside clothes and kit firm based in 1973—is making enormous waves in the mean time, within the wake of its founder, Yvon Chouinard, saying that he and his household are transferring their $3 billion ownership stake within the firm to a trust (Patagonia Purpose Trust) created to shield the agency’s environmental and sustainability values, and to a climate-focused nonprofit collective (the Holdfast Collective). — Read the remainder


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