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Allbirds, Once Silicon Valley’s Favorite Shoe, Sells for $39 Million

The New York Times – Business:

Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.

Kim Bhasin
Author: Kim Bhasin

This post first appeared in The New York Times – Business. Read the original article.

Written by

Kim Bhasin

in

Allbirds Inc, Consumer Behavior, E-Commerce, Mergers, Acquisitions and Divestitures, Silicon Valley (Calif), Sneakers, Start-ups, Sustainable Living, Wool and Woolen Goods
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