Patagonia's sales have doubled since 2008 to reach $540 million for the financial year ended last April, or 30 percent more than in the previous year, according to a report in The Seattle Times, and its profits have tripled in the same period. After 14 openings in the past year, the American company has a total of 88 stores around the world. Yvon Chouinard, founder and sole owner of Patagonia, filed a document in California last February to ensure that the company will continue to donate 1 percent of sales for environmental protection after his death or in the event of a stock market introduction.
Related articles
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...