Is Patagonia still privately owned?
Since first founded by Yvon Chouinard in 1973, Patagonia has grown to become one of the most respected and popular outdoor apparel brands in the world. Still an independent, private company, Patagonia continues to raise awareness around environmental issues and climate change,.
Who was the founder of Patagonia?
Yvon ChouinardPatagonia / FounderYvon Chouinard (far right), Patagonia's founder, got his start as a climber in 1953 as a 14-year-old member of the Southern California Falconry Club.
Who is the Patagonia CEO?
Jenna Johnson (Sep 24, 2020–)Patagonia / CEO
How much is the owner of Patagonia worth?
Patagonia has leveraged its position as a top outdoor gear and clothing brand to advocate for environmental causes. The company's success has also turned its founder into a reluctant member of the three-comma-club. Based on his ownership of Patagonia, FORBES pegs Chouinard's net worth at $1 billion.
Why is it called Patagonia?
The name Patagonia comes from the word patagón. Magellan used this term in 1520 to describe the native tribes of the region, whom his expedition thought to be giants. The people he called the Patagons are now believed to have been the Tehuelche, who tended to be taller than Europeans of the time.
What does the name Patagonia mean?
Quichua language - The word Patagonia means country of the hills.
What is Patagonia CEO salary?
The estimated total pay for a Chief Executive Officer at Patagonia is $204,197 per year.
What is Patagonia brand famous for?
Patagonia is an apparel retailer known for its upscale outdoor clothing and various environmental sustainability efforts. The company continues to grow by offering products that are designed to last. Patagonia announced in 2017 that it would give merchandise credits for used apparel.
Where is Patagonia headquarters?
Ventura, CAPatagonia / Headquarters
How much does Patagonia make in a year?
Patagonia is an American clothing brand with sales of about $1 billion per year. It's one of the world's biggest and best-known names in outdoor wear, with more than 50 stores around the world.
What happened to the founder of Patagonia?
Douglas Tompkins, a noted conservationist and the founder of the North Face and Esprit clothing brands, died on Tuesday after a kayaking accident in the Patagonia region of southern Chile. He was 72. His death was confirmed by Coyhaique Regional Hospital, where Mr. Tompkins was flown with severe hypothermia.
Is Patagonia Australian owned?
Fast facts. Parent company: Owned by the founding family. Based in: California, US.
When was Patagonia founded?
1973, Ventura, CAPatagonia / FoundedIt was founded by Yvon Chouinard in 1973 and is based in Ventura, California. Patagonia, Inc. Ventura, California, U.S. Patagonia has hundreds of stores in 10+ countries across 5 continents, as well as factories in 16 countries.
What is the history of Patagonia?
1973. The Patagonia brand is officially born as Chouinard Equipment adopts the name Patagonia for its outdoor clothing range and the brand opens its first store near Chouinard's blacksmith shop. Housed in a meat-packing plant at Santa Clara St in Ventura, the store becomes the first of its kind for the company.
Why was Patagonia created?
In the early 1970's Yvon Chouinard accidently stumbled across an idea that would revolutionise the clothing industry. A holiday from California, USA to Scotland would lead to Yvon building a clothing empire. This is the story of Patagonia.
How much is Yvon Chouinard worth?
1.2 billion USD (2022)Yvon Chouinard / Net worth
Where is Patagonia made?
is an American clothing company that markets and sells outdoor clothing. The company was founded by Yvon Chouinard in 1973 and is based in Ventura, California . They have hundreds of stores in 10+ countries across 5 continents. As well as factories in 16 countries.
What is Patagonia's product line?
Patagonia has expanded its product line to include apparel targeted towards other sports, such as surfing. In addition to clothing, they offer other products such as athletic equipment, backpacks, sleeping bags, and camping food.
When did Chouinard Equipment become Great Pacific Iron Works?
In 1981, Patagonia and Chouinard Equipment were incorporated within Great Pacific Iron Works. In 1984, Chouinard changed the name of Great Pacific Iron Works to Lost Arrow Corporation. A Patagonia store in Portland, Oregon, was located in a renovated 1895-built former warehouse until moving to a new location in 2017.
How much money did Patagonia donate in 2021?
On April 5, 2021, Patagonia pledged to donate $1 million to groups working to activists groups working to challenge the passed laws in Georgia and support voting registration efforts.
How much did Patagonia donate to the Trump administration?
In June 2018, the company announced that it would donate the $10 million it received from President Trump's 2017 tax cuts to "groups committed to protecting air, land and water and finding solutions to the climate crisis .". In 2012, Patagonia became a Certified B Corporation.
Why did Patagonia sue Trump?
Patagonia is suing over the interpretation of the Property Clause of the U.S. Constitution in which the country vests Congress with the power to manage federal lands. The company's then-CEO, Rose Marcario, contends that when Congress passed the Antiquities Act of 1906, it did not give any president the power to reverse a prior president's monument designations.
When did Patagonia release new wool principles?
In June 2016, Patagonia released a set of new wool principles that guide the treatment of animals as well as land-use practices, and sustainability.
When did Patagonia close its stores?
Patagonia, founded in 1973 by outdoor enthusiast Yvon Chouinard and based in Ventura, California, temporarily closed its offices and stores across the U.S., Europe, Japan, Argentina and Chile starting on Friday, March 13, 2020. The company will reassess the situation on March 27. In the meantime, all Patagonia employees will receive their regular ...
How much did Patagonia make in 2018?
In November 2018, Patagonia announced that it made an additional $10 million in profits after President Trump lowered the corporate tax rate from 35% to 21% —a tax cut that Patagonia described as “ irresponsible .”. Patagonia promised to donate the entire sum to organizations fighting climate change.
How old is Chouinard?
Chouinard, who is 81 , no longer runs the day-to-day operations and did not have a statement, the company spokesperson said. But Chouinard, who first appeared on Forbes' list of the World's Billionaires in March 2017 with an estimated net worth of $1 billion based on his ownership of the company, has a long history of shirking profits in favor of doing the right thing.
Who is the billionaire who is putting employees first?
Billionaire Yvon Chouinard is once again choosing to put employees first and likely forgoing profits at his outdoor gear company Patagonia. The company has promised to pay its employees while it shutters all stores and offices in response to the COVID-19 pandemic.
Is Patagonia shutting down?
The company has not shut down production. Patagonia’s U.S. ecommerce website has been disabled until the company can “ensure the safety” of its warehouse team, Patagonia spokesperson Corely Kenna said via email.
Who bought Chile and Argentina?
Together, Doug and Kris Tompkins bought enough of Chile and Argentina to hold Rhode Island and Delaware. They let cattle ranches go wild and removed timber operations. They reintroduced wild pumas and jaguars. And they fought the development of an electrical project that would have dammed two of the wildest rivers in Patagonia.
How many acres did the climber buy?
It's the story of how a climber who could afford his own mountains and a paddler who could buy her own rivers fell in love, pooled their fortunes and bought 2 million acres worth of fjords, volcanoes, pumas and killer whales.
Where is the Fox in Argentina?
A fox in the Iberá Wetlands region of Argentina, one of South America's largest and most ecologically diverse wetlands. Doug and Kris Tompkins have played a pivotal role in acquiring land that will constitute the future Iberá National Park.
When did Doug sell the North Face?
After selling The North Face in 1968 , he helped his first wife create the fashion brand Esprit. And as his wealth grew, he built one of the most valuable private art collections in the world. But even as he reached the top of the design world, Doug wasn't happy.
Why did Patagonia pull its products from Jackson Hole?
Popular outdoor clothing brand Patagonia said it was pulling its products from stores at Jackson Hole Mountain Resort in Wyoming after one of the resort’s owners hosted a fundraiser for the House Freedom Caucus.
Is Patagonia clothing still sold?
Patagonia spokeswoman Corley Kenna confirmed the clothing brand has stopped providing its products to be sold by retailers at the ski resort, the Associated Press reported Saturday.
Is Patagonia still selling Jackson Hole clothing?
This Aug. 18, 2021 shows the Jackson Hole Resort Store downtown Jackson, Wyo. The outdoor clothing and gear company Patagonia has decided to quit supplying Jack son Hole Mountain Resort with its products, fallout from the resort owner Jay Kemmerer’s support ... more >
Overview
Patagonia, Inc. is an American retailer of outdoor clothing. It was founded by Yvon Chouinard in 1973 and is based in Ventura, California.
Patagonia has hundreds of stores in 10+ countries across 5 continents, as well as factories in 16 countries.
History
Yvon Chouinard, an accomplished rock climber, began selling hand-forged mountain climbing gear in 1957 through his company Chouinard Equipment. He worked alone selling his gear until 1965, when he partnered with Tom Frost in order to improve his products and address the growing supply and demand issue he faced.
Activism
Patagonia considers itself an "activist company". In 2017, the company was recognized for its innovative family/maternity leave policies. However, in 2015 The Atlantic published an expose that revealed the corporate retailer was involved in human trafficking in its supply chain.
Patagonia commits 1% of its total sales to environmental groups, since 1985 through One Percent for the Planet, an organization of which Yvon Chouinard was a founding member. In 2015, the fir…
Materials
In 2012, UK animal activist group Four Paws said that Patagonia used live-plucked down feathers and downs of force-fed geese. In a statement on their website, Patagonia denied use of live-plucking but said it had used down procured from the foie-gras industry. As of fall 2014, Patagonia said it was using 100% traceable down to ensure that birds were not force-fed or live-plucked an…
Further reading
• Rattalino (2018). "Circular Advantage Anyone? Sustainability driven innovation and circularity at Patagonia Inc". Thunderbird International Business Review. 60 (5): 747–755. doi:10.1002/tie.21917.
• Achabou (2013). "Luxury and sustainable development: Is there a match?". Journal of Business Research. 66 (10): 1896–1903. doi:10.1016/j.jbusres.2013.02.011.
External links
• Official website