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The Latest Breaking News from Patagonia

Trendy apparel firm Cotopaxi has hacked the purpose-driven mission beloved by Gen Z—3,000 people applied for one job opening

The outdoor brand’s CEO said at the Fortune Impact Initiative, in Atlanta, that his goal was to create a company that would do good while making money.

Fortune

Outdoor industry ditches PFAS

Here are some of the other brands that have promised to phase out PFAS

Salon

Controversial Hobby Lobby CEO says he’s giving away company ownership because ‘wealth can be a curse’

Company famously challenged Obamacare birth control rule

The Independent UK

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At Emerald Water Anglers in West Seattle, fly-fishing pals swap fish tales

On a Friday afternoon in West Seattle last month, a half-dozen fly fishers sipped beers and reclined on couches as Tacoma angler Giancarlo Lawrence shared his best summer story from a day casting on a Cascades river.

Tribune News Service

Patagonia’s grand gesture sends the wrong message about ethical capitalism

Patagonia’s recent blockbuster announcement that the company was “turning capitalism on its head by making the Earth our only shareholder” is generating a lot of attention. It is the start of another chapter in a long and storied history of a company that, more often than not, has been getting…

The Conversation

Has Patagonia defined a new gold standard for business responsibility?

Patagonia’s founder Yvon Chouinard made headlines recently with the decision to give his family’s $3 billion company, and its future profits, to the fight against climate change. In his words, “Earth is now the company’s only shareholder.”

The Conversation

Good as new: how to resell clothes successfully and responsibly

At its best, preloved fashion can help tackle the problem of overconsumption. But clothes that are resold need to be cared for and listed properly

The Guardian - AU

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Why fashion giant Boohoo has made investors 'cry into their cornflakes'

Boohoo's brands include PrettyLittleThing, Karen Millen, Nasty Gal, Warehouse, Oasis, Debenhams, Dorothy Perkins, Wallis and Burton

Manchester Evening News

Why Patagonia’s “purpose” model reveals fashion’s biggest hurdle to sustainability

Going forward, all of Patagonia’s profits, some $100 million annually, will fund efforts to address climate change and advance wilderness preservation, the company announced on September 14, 2022.

Inverse

5 bits of good news you might have missed this week - including Alzheimer's breakthrough

The news has been pretty bleak lately and it's been hard to keep up with all the sombre events that have been going on, so you may have missed a few stories that could make you a bit more hopeful for the future

Daily Mirror

Best performance waterproof jackets from The North Face, Patagonia and more

Stay dry in style with a technical waterproof

Evening Standard

From 'pandemic winner' to investors 'crying into their cornflakes': Analysts on Boohoo's changing fortunes

Boohoo had been 'surfing the lockdown home shopping wave'

Birmingham Post

Why Patagonia's purpose-driven business model is unlikely to spread

Patagonia founder Yvon Chouinard, his wife, Malinda, and their two adult children no longer own the outdoor gear and apparel company. But based on my experience as a former executive who is now an adviser and lecturer focused on sustainability, I don’t expect many other U.S.-based companies to follow their…

The Conversation

Nina Metz: Can TV spare a thought for the anti-‘Succession’ and the un-‘Billions’?

Last week, Yvon Chouinard, the billionaire owner of outdoor clothing retailer Patagonia, announced he was transferring ownership of his company to a trust. Going forward, the company’s profits — somewhere in the neighborhood of $100 million a year — will be used to combat climate change.

Chicago Tribune

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The Conversation

Patagonia's founder has given his company away to fight climate change and advance conservation: 5 questions answered

Patagonia founder Yvon Chouinard, his wife and their two adult children have irrevocably transferred their ownership of the outdoor apparel company to a set of trusts and nonprofit organizations.

The Guardian - UK

Patagonia’s radical business move is great – but governments, not billionaires, should be saving the planet

We cannot simply stand back and hope that the elite will give away their wealth to tackle the climate emergency, says academic Carl Rhodes

The Guardian - UK

Will King Charles follow the lead of Patagonia owner’s $3bn giveaway?

Letter: The Duchy of Cornwall’s business interests could be given to a trust to benefit the environment, suggests Prof Alan Bleakley

Wales Online

Patagonia founder gives away £2.6bn empire to tackle climate change

Billionaire Yvon Chouinard has transferred the ownership of the company he founded to a tailored not for profit organisation

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France 24

Russian energy exports in spotlight at Uzbekistan summit

Business ties are high on the agenda at the Shanghai Cooperation Organisation summit in Uzbekistan. The countries represented are huge potential markets for Russian energy, and Vladimir Putin has been pushing for closer ties. China and India in particular have increased their imports of Russian oil, natural gas and coal…

The Guardian - UK

Yvon Chouinard – the ‘existential dirtbag’ who founded and gifted Patagonia

Self-proclaimed craftsman built outdoor clothing company to help climbers and offer ‘enjoyable’ working conditions

Input

Patagonia's founder gives away company to help combat climate change

Ownership is now split between a trust and nonprofit organization to prove Chouinard is "dead serious" about saving the planet.

Evening Standard

Patagonia owner gives away business to fight climate change

The billionaire founder of outdoor clothing brand Patagonia says he has given away his company to a charitable trust to help fight climate change. Yvon Chouinard said the arrangement meant any profit not reinvested in running the business would go to environmental measures and campaigning. He estimated this would amount…

The Independent UK

Patagonia founder gives company away to environmental trusts

The founder of outdoor gear company Patagonia, long known for environmental activism, says the company is transferring all of the its voting shares into a trust “dedicated to fighting the environmental crisis and defending nature.”

Daily Mirror

Eccentric billionaire Patagonia founder giving away ENTIRE £2.6billion empire

In an effort to tackle climate change Patagonia's founder has Yvon Chouinard has transferred the ownership to a tailored not for profit organisation which will see profits used to save the planet

Evening Standard

Who is Yvon Chouinard? Patagonia founder giving up company to fight climate change

Any profit not reinvested in the company will go towards fighting climate change

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