BREAKING NEWS

Patagonia's founder gave the $3 billion company to a set of trusts and nonprofits meant to combat climate change.

Wednesday, September 14, 2022 4:07 PM ET

Patagonia will continue to operate as a private, for-profit corporation based in Ventura, Calif. But its founder, Yvon Chouinard, and his family no longer own the company.

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