Who is the owner of Patagonia?
American retailing company Patagonia known for the retailing of outdoor clothing.
Each Year this Private benefit corporation gross millions and billions of dollars, as of this year 2022, Patagonia’s revenues has estimated at $1.5 billion.
Patagonia's first store was born in 1973 at Santa Clara St. in Ventura and got labeled as Great Pacific Iron Works( later known as Lost Arrow Corporation).
In September 2022, Yvon has donated all the stakes of his 49 year old clothing and gear retailing company to a nonprofit trust
On Wednesday, September 14, he announced he is donating his entire $3 billion worth of the company to the Holdfast Collective NGO.
“Instead of ‘going public’, you could say we’re ‘going purpose’,” Chouinard stated
“As of now, Earth is our only shareholder.” By Yvon Chouinard
Ryan Gellert is the CEO of Patagonia since Sep 2020 and the former manager of Patagonia for the European market (EMEA).
He did this just to help them to fight against the climate crisis on earth.