In 2022, Patagonia's founder Yvon Chouinard made headlines when he transferred ownership of the company valued at $3 billion. What unique ownership structure did he create?

In the world of outdoor apparel and environmental advocacy, few companies have made as significant an impact as Patagonia. Founded with a commitment to the natural world, this company has pioneered sustainable business practices while creating high-quality products for outdoor enthusiasts. Test your knowledge about this iconic brand's unique ownership structure that made headlines in 2022 and reinforced its commitment to environmental causes.

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He donated the company to the National Park Foundation
He transferred ownership to a trust and nonprofit dedicated to fighting climate change
He sold the company to REI as part of an eco-friendly merger
He converted it to a worker-owned cooperative with environmental bylaws