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The founder of Patagonia leaves his company to Mother Nature, without divestment or IPO

Yvon Chouinard has always been an atypical entrepreneur. It will be so also in his succession. At 83, the founder of the American outdoor clothing brand Patagonia announced on Wednesday 14 September that he had transferred 100% of his company’s capital and its voting rights to two structures charged with “protecting the planet”, a mission supported by the company since 2018.

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