Business, Funding & Investments

Patagonia’s Founder Just Gave Away His $3 Billion Company

Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. Effective immediately, the Chouinard family has transferred all ownership

Elizabeth Jenkins-Smalley

Editor In Chief at The Executive Magazine

Ownership has been passed to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet.

The Patagonia Purpose Trust now owns all the voting stock of the company (two percent of the total stock) and ...

Subscribe To Continue Reading

This content is available for subscribers only. If you're an existing user, please login OTHERWISE you must subscribe to get access to exclusive content and the digital magazine...

Existing Users Login

Continue reading

Business

Unlocking Prosperity: How SMEs Can Power the UK’s Economic Renaissance

Watches

The Executive Guide to Watches and Wonders 2024 Essential Timepieces

Business

The Eco-Digital Era: The Untapped Potential of Digital Technologies

Motoring

The Next Chapter: Lewis Hamilton’s Strategic Pivot to Ferrari

Business

Molly Matthews Appointed CEO of Sodexo’s U.S. Healthcare Division

Motoring

The All-New Ferrari SF-24: Unveiling the Future of Formula 1