Retail News

Patagonia’s founder and family are donating company stock to fight climate change

CNBC 09/15/2022

Patagonia founder Yvon Chouinard, his spouse and two adult children are giving away their shares of the retailer, valued at around $3 billion, to the Patagonia Purpose Trust and the Holdfast Collective with a mission to combat climate change. Ryan Gellert will continue to serve as Patagonia’s CEO and the Chouinard family will remain on the company’s board.

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