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Patagonia, the sportswear brand, made headlines this summer when its founder and CEO, Yvon Chouinard, announced his intention to effectively give away the multibillion dollar business instead of selling it.
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Chouinard, a famously “reluctant” entrepreneur, detailed his decision to an astonished press and media: Patagonia was to be turned over to a nonprofit trust, the Holdfast Collective, and its profits channeled exclusively into efforts to fight the climate crisis.
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