Outdoor gear company Patagonia, owned by billionaire Yvon Chouinard, closed all of its stores but ... [+] will continue to pay its employees. Getty ImagesBillionaire 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. In the meantime, all Patagonia employees will receive their regular pay; Patagonia didn’t disclose how many employees it has but the website Craft estimates there are more than 2,300. Chouinard decided to phase out the product that accounted for 70% of the company’s sales in the 1970s.

Source: Forbes March 16, 2020 19:57 UTC