Patagonia dedicates profits to climate
This is a Patagonia news story, published by CNBC, that relates primarily to Yvon Chouinard news.
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•Patagonia's profit giveaway sought to turn capitalism upside down — but it hasn't been stress-free
81% Informative
Patagonia has committed more than $71 million to environmental causes since announcing its shift in September 2022 .
Founder Yvon Chouinard and his family gave away their ownership of the company to climate-focused groups that would use the profits to help protect nature and biodiversity.
Outdoor clothing brand's restructuring — a pivotal moment in its history — has not been without its challenges, however.
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