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Business

David Matthews

Patagonia founder donates company to environmental causes

Patagonia Yvon Chouinard Environment Climate Change

The founder of outdoor clothing retailer Patagonia announced Wednesday that its profits would all go toward fighting climate change and conserving land.

Yvon Chouinard said the company was now in the Patagonia Purpose Trust and the Holdfast Collective, a nonprofit.

The trust will oversee operations of the company and its commitment to the environment and social cause.

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