Allbirds
American Exchange Group agrees to acquire Allbirds’ assets
The brand management group, whose portfolio includes labels such as Aerosoles and Ed Hardy, has agreed to purchase the intellectual property and all assets of the eco-friendly sneaker brand for 39 million USD
Allbirds lowers full year outlook
The US-based company has lowered its full year outlook after posting another decline in third quarter revenue. Structural changes and ongoing turnaround efforts are continuing to impact sales
Allbirds signs three new distribution agreements
As part of its strategy to achieve long-term, scalable growth in overseas markets, the US-based footwear brand has signed three new distribution agreements covering several countries in the Eurasian region
Allbirds beats first quarter expectations
The US-based footwear company is confident in its turnaround plans. It delivered a first quarter ahead of expectations and believes it is well positioned to generate “topline momentum” in the second half
Allbirds reports third quarter sales drop and adjusts full year outlook
The US company has lowered its full year sales guidance due to a sharp decline in revenue in the third quarter. This also reflects the expected impact of store closures and international distribution transitions
Allbirds strengthens partnership with the Chinese Belle Fashion Group
The Californian-based sustainable footwear brand has announced that Belle Fashion Group has been appointed its exclusive distributor and licensee in mainland China, Macau and Taiwan
Allbirds completes international distributor agreements
The Californian footwear brand has announced that it has finalised the agreements that will cover the Benelux and Scandinavian regions. Japan will now have an exclusive distributor
Allbirds shows progress on losses
Amid a strategic turnaround plan, the Californian footwear brand narrowed its losses in the first quarter 2024, but still suffered a 27.6% year-over-year decline in sales due to lower demand
Allbirds appoints new CEO amid sales decline
The California-based sustainable footwear brand has appointed its current COO, Joe Vernachio, to replace Joey Zwillinger as CEO, amid a slump in sales
Allbirds completes two international distributor deals
The sustainable footwear brand has signed two distribution agreements covering Australasia and Japan. Moving from direct sales to a distributor model is part of its strategic transformation plan
New leadership appointments announced at Allbirds
The US-based sustainable footwear brand has promoted Kelly Olmstead, formerly SVP of Brand & Marketing, to Chief Marketing Officer, and appointed Adrian Nyman to the newly created role of Chief Design Officer
Allbirds posts decline in revenue
In the process of a strategic transformation plan, the sustainable footwear brand posted a 21.2% decline in revenue in the third quarter of 2023, as compared to the same period of 2022
Allbirds co-founder Tim Brown takes on a new role in the company
The co-founder and co-CEO of the Californian-based footwear brand has stepped down from his CEO role into Chief Innovation Officer. This move comes amid a round of lay-offs as losses mount
Allbirds to release the world's first zero carbon shoe
The Californian sustainable footwear brand claims to have created the “world’s first net carbon shoe”, named M0.0NSHOT, by completely reimagining the way it makes products
Allbirds reduces carbon footprint by 12%
The Californian brand of sustainable footwear revealed that it cut by 12% the average product carbon footprint between 2020 and 2021. Allbirds intends to reduce it to near zero by 2030-
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