The Latest Breaking News from Patagonia

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Going forward, all of Patagonia’s profits, some $100 million annually, will fund efforts to address climate change and advance wilderness preservation, the company announced on September 14, 2022.

Last week, Yvon Chouinard, the billionaire owner of outdoor clothing retailer Patagonia, announced he was transferring ownership of his company to a trust. Going forward, the company’s profits — somewhere in the neighborhood of $100 million a year — will be used to combat climate change.

Patagonia founder Yvon Chouinard, his wife and their two adult children have irrevocably transferred their ownership of the outdoor apparel company to a set of trusts and nonprofit organizations.

We cannot simply stand back and hope that the elite will give away their wealth to tackle the climate emergency, says academic Carl Rhodes

Letter: The Duchy of Cornwall’s business interests could be given to a trust to benefit the environment, suggests Prof Alan Bleakley

Billionaire Yvon Chouinard has transferred the ownership of the company he founded to a tailored not for profit organisation

Business ties are high on the agenda at the Shanghai Cooperation Organisation summit in Uzbekistan. The countries represented are huge potential markets for Russian energy, and Vladimir Putin has been pushing for closer ties. China and India in particular have increased their imports of Russian oil, natural gas and coal…

Self-proclaimed craftsman built outdoor clothing company to help climbers and offer ‘enjoyable’ working conditions