The Latest Breaking News from Patagonia

Patagonia founder Yvon Chouinard, his wife, Malinda, and their two adult children no longer own the outdoor gear and apparel company. But based on my experience as a former executive who is now an adviser and lecturer focused on sustainability, I don’t expect many other U.S.-based companies to follow their…

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.

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

Ownership is now split between a trust and nonprofit organization to prove Chouinard is "dead serious" about saving the planet.

The billionaire founder of outdoor clothing brand Patagonia says he has given away his company to a charitable trust to help fight climate change. Yvon Chouinard said the arrangement meant any profit not reinvested in running the business would go to environmental measures and campaigning. He estimated this would amount…

The founder of outdoor gear company Patagonia, long known for environmental activism, says the company is transferring all of the its voting shares into a trust “dedicated to fighting the environmental crisis and defending nature.”

In an effort to tackle climate change Patagonia's founder has Yvon Chouinard has transferred the ownership to a tailored not for profit organisation which will see profits used to save the planet

Any profit not reinvested in the company will go towards fighting climate change